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1. Define and explain the differences among several kinds of employee frauds that might occur at...

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Accounting

1. Define and explain the differences among several kinds ofemployee frauds that might occur at an audit client.

1a.Identify and explain the three conditions (i.e., the fraudtriangle) that often exist when a fraud occurs.

1b. Identify the relevant assertions and risks of materialmisstatement that are typically related to the cash balance.

1c. Give examples of substantive procedures used to test cashand relate them to the relevant assertions.

Answer & Explanation Solved by verified expert
4.0 Ratings (635 Votes)
1 a Element of Fraud triangle refers to the pressure opportunities and rationalization where it is identified that what pressured someone to commit fraud what opportunities are available for someone to perpetrate the fraud so long and finally how someone try to rationalized his behave after committing any fraud All of these elements are associated with each other because it is important to understand how and why fraud is committed by    See Answer
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