A combination of your explanation of fraud examination and the fraud triangle. You will explain this by including an abstract, an abstract, introduction, discussion on the fraud triangle, but not just a text book definition, rather your thoughts about the fraud triangle and how you, as a fraud examiner, might utilize it. Explain what you believe fraud examination entails and does the fraud triangle work in conjunction with it. Discuss what the requirements are in your state to become a forensic accountant. Include a conclusion.
The paper is 4 and half pages, using APA guidelines, and you must use five (5) scholarly, peer-reviewed books, articles, or journals, no more than 5 years old.© BrainMass Inc. brainmass.com October 10, 2019, 8:09 am ad1c9bdddf
The response addresses the query is posted in 1865 words with APA References.
The prime purpose of this paper is to provide a detailed description of fraud triangle and the reasons why individuals engage in fraudulent acts. Furthermore, the role of fraud examiner is to minimize the risk of fraudulent acts in the organization by understanding the underlying needs and motives of each individual. For this reason, the fraud examiner needs to possess certain competent skills and capabilities that help them to evaluate the crime at a faster pace. In addition to this, the perceived risk of fraud needs to be controlled as it has far reaching impact on other individuals and brand image of the corporation. Moreover, the paper also highlights the steps involved in the process of fraud examination.
//The following paper provides an overview of fraud triangle and fraud examination. In addition to this, the paper will highlight potentially identifiable fraudulent situations and the reasons that are responsible for compelling people to indulge in fraudulent acts. Due to this, the role of forensic accountant has increased to a phenomenal extent. Auditors and fraud examiners need to identify the potential symptoms that impel the individuals to indulge in the occupational frauds. //
In the organizational setting, fraud is increasing both in quantity and frequency. There are high percentages of fraud perpetrators that are being caught; therefore, the investigation is essential in order to have an understanding of the underlying needs and preferences of a distinct set of individuals. An organization consists of a distinct set of individuals, who have certain financial and non-financial responsibilities. Fraud perpetrators cannot be easily identified in a large group on the basis of demographics and psychological characteristics. Every individual does not want to engage in fraudulent acts; they are sometimes caught up in a circumstance such as a consequence of opportunity, pressure, and rationalization. In the organizational premises, fraudsters are the people who have achieved a dignified position and have attained a position of trust amongst all the employees. For this reason, they decide to violate the trust by getting engaged in fraudulent acts. Owners and executives are mainly involved in fraudulent acts in order to earn maximum profits. In the organizational hierarchy, managers are the frequent fraud perpetrators, who are committing 37.1 % of fraud to satisfy their internal needs and desires (Albrecht et al., 2015). Moreover, in the present business environment, it has been analyzed that the rate of competition has increased to a phenomenal extent; therefore, the companies need to pay attention to retain their employees. It has been also evaluated that the main reason behind fraud is the high dissatisfaction of the employees in their current job. They are not provided any monetary and non-monetary motivation, which push individuals to attempt fraudulent acts. For this reason, constant auditing is required to examine financial data and to identify the reasons for the occurrence of fraud. Moreover, the individual has to undergo intense pressure in the present competitive scenario that ultimately leads to fraud. Thus, the following paper will provide an overview of the ...
Fraud examination and the Fraud triangle is examined. The response addresses the query is posted in 1865 words with APA References.