OO eztomheducationcomhmtpx Question 9 of 10 value 1000 point

OO ezto.mheducation.com/hm.tpx Question 9 (of 10) value 10.00 points Match each of the following Circumstances to the corresponding element of the fraud triangle by selecting the appropriate Fraud Triangle from the dropdown listed below SOX Requirements Fraud Triangle 1. Employee has significant personal debt 2. One employee receives and deposits customer checks 3. CFO feels she is underpaid relative to other financial officers 4. Manager approval is not required for expense reports References Book & Resources Matching Type here to search

Solution

a. 1) Incentive since here the employee has an overridingreason to steal from the company.

2) Opportunity since there is no separation of duties.

3) Rationalisation since the person who is underpaid has a justification if he / she commits any fraud.

4)  Opportunity since there are weak internal controls.

b. 1) Establish Responsibility

2) Segregate Duties

3) Documentation Procedures

4) Restrict Access

5) Independently verify