Describe the accounting symptoms of fraud

Reference no: EM133213670

Assignment - Small Business Fraud Essay

Description - Evaluate the situation to determine the fraud risk, examine the importance of creating a comprehensive approach to combating fraud, and recommend changes to eliminate opportunities for fraud for a business. Answer the following questions:

1. Describe the accounting symptoms of fraud that are evident in the case scenario that should have drawn attention to the fraud scheme.

2. Describe the analytical symptoms of fraud that are evident in the case scenario that should have drawn attention to the fraud scheme, and behavioral.

3. Describe the behavioral symptoms of fraud that are evident in the case scenario that should have drawn attention to the fraud scheme.

4. Apply the elements of the Fraud Triangle or the Fraud Scale (as learned in Module 1) to assess the motivation of the perpetrator to commit fraud.

5. Identify the possible internal control failures that would have increased the risk of fraud.

6. What Internal controls should the company implement to better detect these types of fraud schemes?

Article - Small business fraud and the trusted employee by G. Stevenson Smith, Theresa Hrncir, Stephanie Metts.

Reference no: EM133213670

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