Do you think there are any circumstances when you should go outside the company to report financial wrongdoing? If so, to what person/organization would you go? Why? If not, why would you not take the information outside the company?

Q: After dissolution caused by the illegal acts, fraud, corruption and etc. of the directors, trustees,…

A: Dissolution of a company is known as the process were the existing company is shut down by force of…

Q: Question 1 (i) Which of the following will NOT be a likely ground to blow the whistle? A. When…

A: Whistle blower means a person who has insider information that some thing is going wrong in the…

Q: What was the motivation for Marrone’s Bio’s accounting fraud?

A: Accounting fraud refers to the alteration of the financial statements of the company and in an…

Q: Business damages, as a result of financial fraud, directly impact the operations of any company.…

A: Fraud is an intentional act which is committed in order to defraud a group of people for the purpose…

Q: Indicate which statements are true and which are false. Separating the responsibility for a…

A: Separating the responsibility for a transaction between two or more individuals or departmentswill…

Q: Why should businesses shift to an electronic accounting system? How can controls deter fraudulent…

A: Electronic accounting system entails use of computer based or internet based accounting tools. In an…

Q: In thinking about overcoming the negative publicity and securities fraud fines related to revenue…

A: The aim of every company will be to increase the profits of the company. The profits of the company…

Q: 1.Which of the following situations could be evidence that the investor lacks the capacity to…

A: Answer: To exercise significance control over the other company the investor is required to hold…

Q: What motivates individuals to engage in occupational fraud?

A: Occupational frauds occur when an employee, management, officer, or owner of a company commits fraud…

Q: risk of engaging in criminal behaviours is evaluated by corporate managers who have very little to…

A: Inaccurate ,  Where a criminal attitude just be like theft, hacker, any hazarious to company or…

Q: what is the job of a financial intermediary*? What might happen if they fail to do their job? *as…

A: A financial intermediary is an institution that serves as a middleman in a financial transaction…

Q: how does being unethical in the financial industry affect communication with clients?

A: In the financial services industry an agent or the concerned company (which is the financial…

Q: Under the AICPA Code of Professional Conduct, which of the following rules is not applicable to CPAs…

A: AICPA (American Institute of Certified Public Accountants) code of professional conduct sets rules,…

Q: Unethical acts are generally committed by unethical people. What are some things companies can do to…

A: The companies can ensure the ethical behavior of the employees by: Creating a code of ethics,…

Q: What steps need to be taken before interviewing a person that is not suspected of committing fraud…

A: “Since you have posted a many question, we will solve first question for you. To get the remaining…

Q: Business damages, as a result of financial fraud, directly impact the operations of any company.…

A: Fraud includes activities such as theft, corruption, conspiracy, bribery etc. Fraud can occur in any…

Q: ounting information systems aid in the prevention of fraud? Do legislative activities such as the…

A: The accounting information system (AIS) is a programme that gathers data, processes it, and…

Q: Professional behaviour refers to the obligation that all members of the professional bodies: a.…

A: Professional bodies are the professional organizations whereby the professional individual tend to…

Q: You are asked to be interviewed by a student newspaper regarding the nature of accounting fraud. the…

A: Fraudulent financial reporting: Fraudulent financial reporting refers to manipulations of income…

Q: What is the connection between criminology and the discovery or prevention of fraud? It's not the…

A: Fraud It is the deliberate act of doing anything to get illegal items and deny the victim's rights.

Q: According to the AICPA Code of Professional Conduct, which of the following actions will impair…

A: AICPA code of professional gives the specified code of conduct, ethical practice, and outlines the…

Q: Objectivity refers to the obligation that all members of the professional bodies: a. be…

A: A professional body is an organization whereby the individual members practice their profession.

Q: Cite any example of an accounting fraud.What actions were taken by the authorities after that?

A: Accounting fraud: It is basically manipulating the financial statements intentionally in order to…

Q: Who are covered by the anti-bribery provisions?  Who are covered by the accounting provisions?

A: The Foreign Corrupt Practices Act of 1977 (FCPA) is a United States federal law  known primarily for…

Q: Should the SEC and the Department of Justice have tried Andersen as a firm, or should they have…

A: Securities Exchange Commission (SEC): This is the government agency governs the working of financial…

Q: How might an accounting firm influence whether non–tax practitioners view a contentious issue with a…

A:

Q: Why and how the accounting fraud happen in an company?

A: Company financial statements include balance sheets, income statement, cash flow statement . The…

Q: Explain the types of penalties that can beimposed on accountants.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Compared with other professions, what features in the ethics for accountant which is not true to,…

A: The professionals like auditors and public accountants have some responsibilities towards society,…

Q: In what ways might accounting frauds be similar to casesof academic dishonesty?

A: Definition: Fraud: Presentation of inaccurate data, intentionally for personal gains. There could be…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: What are the Possible sanctions (Financial penalties) Against company who break the rules of ACCA or…

A: IFRS is a collection of accounting regulations for public firms' financial statements that aims to…

Q: Briefly describe some of the common themes or pressures faced by executives who commitcorporate…

A: Corporate fraud refers to criminal crimes carried out in a dishonest or unethical manner by an…

Q: A director’s duty to avoid a conflict of interest includes: Select one: a. Not making a personal…

A: SOLUTION- DIRECTOR'S DUTY TO AVOID A CONFLICT OF INTEREST IS LINKED TO THE DUTY - 1-NOT TO MAKE  A…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: Financial information: The financial information of the company is used by many internal &…

Q: Which of the following best describes the objectives of internal controls? O Ensuring the compliance…

A: Internal control is to ensure that organizations objectives are achieved and management is using its…

Q: Which among the following is not an objective of Whistleblowing? a. To protect Public Interest b. To…

A: Whistleblowing is a process of making policies which helps in reduction of corruption practices and…

Q: Fraud is not an accounting problem - it is a social phenomenon. Explain.

A: Fraud is defined as any unethical behavior or trickery committed by one person against another.…

Q: Why is a system of internal control not able  to overcome collusion by employees?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Why have there have been so many business scandals mentioned in the media over the past few years?…

A: Solution-     Why have there have been so many business scandals mentioned in the media over the…

Q: Identify one specific type of accounting fraud. What damage does the perpetration cause? What could…

A: An accounting fraud refers to frauds originating from within the business (internal frauds). The…