Inappropriate or inefficient communication and support of the entity's values is evident Choose. There is a presence of large amounts of cash on hand or inventory items Choose. There is ineffective oversight over financial reporting Choose. Financial stability or profitability is threatened by economic, industry, or entity operating conditions Choose. There is a disregard for internal controls Choose. Adverse relationships between management and employees Choose. motivate employees to misappropriate assets High turnover or ineffective accounting, internal audit, or information Choose. technology staff exists Disregard for the need to monitor or reduce risk of misappropriating Choose. assets exists Choose. There is inadequate internal control over assets Choose. Management has a practice of making overly aggressive or unrealistic forecasts
Inappropriate or inefficient communication and support of the entity's values is evident Choose. There is a presence of large amounts of cash on hand or inventory items Choose. There is ineffective oversight over financial reporting Choose. Financial stability or profitability is threatened by economic, industry, or entity operating conditions Choose. There is a disregard for internal controls Choose. Adverse relationships between management and employees Choose. motivate employees to misappropriate assets High turnover or ineffective accounting, internal audit, or information Choose. technology staff exists Disregard for the need to monitor or reduce risk of misappropriating Choose. assets exists Choose. There is inadequate internal control over assets Choose. Management has a practice of making overly aggressive or unrealistic forecasts
Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 1DQ
Related questions
Question
Essentially, the three elements of the Fraud Triangle are: Opportunity, Pressure (also known as incentive or motivation) and Rationalization (sometimes called justification or attitudo). For fraud to occur, all three olements must be present. Select the proper element of the Fraud Triangle for each of the following examples:
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