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Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman
Edition 4ISBN: 978-0538470841Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman
Edition 4ISBN: 978-0538470841 Exercise 1
Fraud is considered to be:
A) A serious problem that continues to grow.
B) A problem that affects very few individuals.
C) A mild problem that most businesses need not worry about.
D) A problem under control.
A) A serious problem that continues to grow.
B) A problem that affects very few individuals.
C) A mild problem that most businesses need not worry about.
D) A problem under control.
Explanation
Verified
Verified
Selecting the correct option among four:
Explanation:
Option (a) is correct because fraud is a serious problem and the number of frauds committed. The total dollar amounts lost to fraud is increasing hugely.
Nowadays, through computer and internet it is easy for the perpetrators to cheat his/her employers only by misdirecting the purchase invoices.
They can induce the suppliers. Operating a computer program in a wrong way is another type of attempts taken by the perpetrators.
That is why option
is correct.
• Fraud is a serious problem and affects a large number of individuals or company/organization. That is why option (b) is incorrect.
• Fraud is not a mild problem and the businesses should take this seriously. Employees can cheat the employers of any organization by taking their property, money, or assets. That is why option (c) is incorrect.
• Fraud is not under control. Sometimes especially when this is committed through internet or computers, this is not easy to detect the perpetrator. That is why option (d) is incorrect.
Explanation:
Option (a) is correct because fraud is a serious problem and the number of frauds committed. The total dollar amounts lost to fraud is increasing hugely.
Nowadays, through computer and internet it is easy for the perpetrators to cheat his/her employers only by misdirecting the purchase invoices.
They can induce the suppliers. Operating a computer program in a wrong way is another type of attempts taken by the perpetrators.
That is why option
is correct.• Fraud is a serious problem and affects a large number of individuals or company/organization. That is why option (b) is incorrect.
• Fraud is not a mild problem and the businesses should take this seriously. Employees can cheat the employers of any organization by taking their property, money, or assets. That is why option (c) is incorrect.
• Fraud is not under control. Sometimes especially when this is committed through internet or computers, this is not easy to detect the perpetrator. That is why option (d) is incorrect.
Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman
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