- The “fraud triangle” has been used to identify conditions or circumstances that typically present in financial frauds. It consists of three components, which together lead to fraudulent behavior: (1) Perceived financial need, (2) Perceived opportunity, and (3) Rationalization. Using the fraud triangle, identify the internal control weaknesses and fraud risk factors that were present in the case. How might these risk factors and control weaknesses contribute to a fraud?
- What role can management accountants play in preventing and detecting fraudulent activities and other illegal activities?
- Based on what Cathy has observed, do you think Kimberly is doing something unethical? Do you think Cathy is doing something unethical? Defend your answers.
- Who is being affected if Kimberly is embezzling funds? Who is being affected by Cathy’s decision to keep her concerns to herself?
- Assume Cathy feels that Kimberly is doing something wrong. What options does she have to handle the situation? Provide at least three possible options. Which of these options do you think would be the best? Why?
- Assume that Cathy had confided her concerns to you and her desire to come forward and report those concerns. What arguments could you use to help support Cathy in her decision? Provide at least three logical arguments.
- What do you think Cathy should do in this situation? “The Fraud Triangle,” Association of Certified Fraud Examiners (ACFE), http:// www.acfe.com/fraud-triangle.aspx; IMA Statement of Ethical Professional Practice, IMA, http://www.imanet.org/docs/default-source/press_releases/statement-of-ethical-professional-practice_2-2-12.pdf?sfvrsn=2
No More Worries!
Our orders are delivered strictly on time without delay
Paper Formatting
- Double or single-spaced
- 1-inch margin
- 12 Font Arial or Times New Roman
- 300 words per page
No Lateness!
Our orders are delivered strictly on time without delay
Our Guarantees
- Free Unlimited revisions
- Guaranteed Privacy
- Money Return guarantee
- Plagiarism Free Writing
“The Fraud Triangle”
Satisfaction Guaranteed
- Research Paper Writing
- Essay Writing
- Dissertation Writing
- Thesis Writing
Why Choose Us
- Money Return guarantee
- Guaranteed Privacy
- Written by Professionals
- Paper Written from Scratch
- Timely Deliveries
- Free Amendments