What Is The Most Likely Way To Deter Fraud? - Fixanswer

Which of the following should employers always obtain from the applicant to obtain information from references? What is the most likely outcome when a company demotes the perpetrator but allows him or her to go unprosecuted?

The perpetrator may commit another fraud in the future.

Do auditors detect fraud?

The responsibilities of the auditor, relating to fraud, are to

appropriately identify, assess, and respond to fraud risks with due care and professional skepticism

, as required by the standards.

What is the primary advantage of the data driven approach?

One of the main benefits of data-driven decision-making approach is that it

leads to improved transparency and accountability to every organization

.

Which approach converts financial statement numbers as percentage of total assets or total sales?

Vertical analysis

is a method of financial statement analysis in which each line item is listed as a percentage of a base figure within the statement.

Which of the following is a highly suspicious financial statement relationship quizlet?

Which of the following is a highly suspicious financial statement relationship?

Increased revenues with decreased inventory

. In most organizations, coworkers and others have knowledge or suspicions that fraud is occurring but do not come forward with their information.

Why do auditors not detect fraud?

Auditors are

not effectively trained to detect or recognize fraud

. … Auditors’ lack training in fraud detection methods or fraud investigation techniques. Auditors are in constant interactions with management and may develop trust schema that interfere with their ability to effectively process fraud cues.

Do auditors look at every transaction?

Practically speaking,

an auditor can’t test every transaction

, but he or she will conduct more extensive testing in areas that present a greater risk of material misstatement.

What are the disadvantages of data?

Drawbacks or disadvantages of Big Data

➨

Traditional storage can cost lot of money to store big data

. ➨Lots of big data is unstructured. ➨Big data analysis violates principles of privacy. ➨It can be used for manipulation of customer records.

What’s an example of a time you made a successful data driven decision?

Ecommerce sites typically use data to drive profits and sales

. If you’ve ever shopped at Amazon you have probably received a product recommendation while visiting the Amazon website or through email. This is an example of a data-driven business decision.

What are the disadvantages of decision making?

Time-consuming: ADVERTISEMENTS: …
Lack of onus: It is difficult to fix responsibility in a group. …
Individual domination: ADVERTISEMENTS: …
Compromise decisions: The need to arrive at a group decision sometimes results in a compromise. …
Expensive: …
Groupism:

What is the most common way to obtain private documents for investigation?

The four most common examples of hard-to-get documentary evidence are:

Web-based e-mail accounts

, private bank records, tax returns, and brokerage records.

What are common size financial statements?

Common size financial statements commonly include

the income statement, balance sheet, and cash flow statement

. Common size financial statements reduce all figures to a comparable figure, such as a percentage of sales or assets. Each financial statement uses a slightly different convention in standardizing figures.

How do you read a common size balance sheet?

Common size balance sheet refers to

percentage analysis of balance sheet

items on the basis of the common figure as each item is presented as the percentage which is easy to compare, like each asset is shown as a percentage of total assets and each liability is shown as a percentage of total liabilities and stakeholder …