Principles of Financial Accounting · free preview
Analyzing Fraud in the Accounting Workplace
Fraud is intentional deception for personal gain, it follows a pressure, opportunity, and rationalization pattern, it costs organizations enormously, and forensic specialists build careers on preventing and detecting it.
1. What fraud is and why it matters
What fraud is and why it matters
2. The fraud triangle
The fraud triangle
3. Common schemes in accounting settings
Common schemes in accounting settings
4. The fraud examination profession
The fraud examination profession
5. Fraud versus error
What separates fraud from an accounting error?
6. The three corners
Which set completes the fraud triangle? Use the figures from the worked example in this lesson and state the result in the requested units.
7. Most frequent occupational scheme
Which type of occupational fraud occurs most often in organizations?
8. Shrinking the triangle
A company wants to attack the opportunity corner of the fraud triangle. Which action fits best?
9. Fraud cost estimate
The Association of Certified Fraud Examiners estimates organizations lose about what percentage of annual revenue to fraud? Give the number only.
10. Fraud specialty credential
Give the three-letter abbreviation of the credential held by specialists trained to prevent and detect fraud.
Practice this interactively
Free account · instant grading · spaced review that schedules itself.
Start this course for free