SMC Examples of Rationalizations & Excusing & Cover up Of Fraud Discussion
I’m trying to learn for my Accounting class and I’m stuck. Can you help?
please answer to the questions related to the auditing. I’m gonna attach my professor slides . one small paragraph is enough for each question please make them separate.
1)Give some examples of rationalizations that people have used to excuse fraud. Can you imagine using them?
2)What are some red flags that may indicate a cover-up or concealment of a fraud?
3)How can you tell whether the amount on a check was altered after it was paid by a bank?
4)What is lapping? What procedures can auditors employ to detect lapping?
5)What feature of the acquisition and expenditure control would be expected to prevent an employee from embezzling cash by creating fictitious vouchers?