Reference no: EM132682805
THE NATURE OF FRAUD
1. Who is in the best position to "con" you right now? Who is in the best position to "con" your parents? Remember, it is always those you "trust most" who are in the best position to con you or commit fraud.
2. Employee embezzlement is the most common type of occupational fraud. As stated previously, in this type of fraud, employees deceive their employers by taking company assets. Compare direct employee fraud with indirect fraud. Why is indirect fraud harder to detect?
3. In its most common form, management fraud involves top management's deceptive manipulation of financial statements. Why do you think it is easier for top management to manipulate financial statements than for other individuals in an organization?
4. The purpose of a civil lawsuit is to gain compensation for harm an individual or organization believes has been done to him or her (it). Unlike criminal cases, juries in civil cases need not consist of 12 jurors but may have as few as 6 jurors. The verdict of the jury need not be unanimous.O. J. Simpson was tried for murder both criminally and civilly. He was found innocent in the criminal trial but guilty in the civil trial. Why do you think that was the case?
5. Think about a time in your life when you compromised your own ethical standards. How did the elements of perceived pressure, perceived opportunity, and rationalization affect your decision making? Were the three elements interactive-in other words, did it take less opportunity to make the decision when you were under tremendous pressure?
6. Chances are that all of us have been influenced to do something based upon power that was exerted by others. How have individuals you know used power to influence your actions? What type of power, as described in the text, was used? For example, Have you done something simply because a person(s) had legitimate authority (such as a boss or teacher) over you? Have you ever done anything because a person offered you a reward or benefit for your actions?
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Post the journal entries to T accounts
: Nov. 27 Received a $750 cash advance from a customer for services to be provided in December. Post the journal entries to T accounts
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Danger of evidence degradation due to environment
: Explain the danger of the evidence degradation due to the environment. Describe the instrumentation at the lab that might be used to examine the evidence.
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By how much did the firm net income exceed it free cash flow
: Bartling Energy Systems recently reported $9,250 of sales, $5,750 of operating costs other than depreciation, By how much did the firm net income exceed
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Prepare the journal entries for the transactions
: Paid for a one-year insurance policy on the delivery van for $1,800, effective Jan 1 to Dec 31, 2022. Prepare the journal entries for the transactions
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Accounting fraud criminology and ethics
: Employee embezzlement is the most common type of occupational fraud. Think about a time in your life when you compromised your own ethical standards.
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Which amounts will appear on the income statement
: The company collected $4,170,000 in cash from customers during the year. Which amounts will appear on the income statement
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Juvenile to participate in delinquent behavior
: Identifies at least three influences or factors that occur in the school setting that might cause a juvenile to participate in delinquent behavior
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What is the closing balance of accounts payable
: The company purchased $2,000 packaging supplies for computer delivery package on credit. At 30 June 2020 what is the closing balance of Accounts Payable
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Regarding the criminal justice system
: Write a journal entry of what the student has learned from the current news of the week regarding the Criminal Justice system.
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