User Account

All Pages

What controls can be implemented to prevent or detect fraud

Assignment Help Managerial Accounting
Reference no: EM132529206

A city health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to the inspector. If the restaurant owner does not cooperate, he will not be able to open for business and the publicity will drive away his customers permanently. Faced with a threat of economic loss, the owner makes the payment.

Question 1: What type of fraud is this?

Question 2: What controls can be implemented to prevent or detect the fraud?

Reference no: EM132529206

Questions Cloud

Examine the use of project management software in practice : Critically evaluate these models in relation to their applicability to practice and Examine the use of project management software in practice
What adjusting entry must you record december : Your firm holds a $15,000, 8% note receivable issued on August 1, 20X0. What adjusting entry must you record December 31, 20X6
Create journal entry to record the incurrence of production : Create journal entries to record the incurrence of production costs, completion of job number A26 and the shipment of 900 cuddly koalas.
Identify a computer system you have recently had experience : For this assignment, you will identify a computer system you have recently had experience with and prepare an attach a PowerPoint presentation (8-10 slides).
What controls can be implemented to prevent or detect fraud : What controls can be implemented to prevent or detect the fraud? A city health inspector threatens to close down a restaurant.
What is the total cash flow of year for the company : The discount rate (interest rate) for the project is 10% and the company's tax rate is 35%. What is the total cash flow of year 5 for the company
Discuss the concept of a value chain : Explanation of the role of each segment and explain how a retailer could focus on the purchasing segment of their value chain to create competitive advantage.
Discuss a relevant issue regarding log file auditing : Introduce and discuss a relevant issue regarding Log File Auditing. Introduce and discuss a relevant issue regarding Backup Strategies.
Find unit cost per can of soup transferred to finished goods : Find The unit cost per can of soup transferred to the finished goods warehouse during March was? The product costs to deducted from revenue in August amount to

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd