1 / 23

FRAUD EXAMINATION ALBRECHT, ALBRECHT, & ALBRECHT

FRAUD EXAMINATION ALBRECHT, ALBRECHT, & ALBRECHT. Recognizing the Symptoms of Fraud. CHAPTER 5. Learning Objectives. Understand how symptoms help in the detection of fraud. Recognize and understand accounting symptoms of fraud. Identify internal controls that help detect fraud.

brentmcgraw
Download Presentation

FRAUD EXAMINATION ALBRECHT, ALBRECHT, & ALBRECHT

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FRAUD EXAMINATIONALBRECHT, ALBRECHT, & ALBRECHT Recognizing the Symptoms of Fraud CHAPTER 5

  2. Learning Objectives • Understand how symptoms help in the detection of fraud. • Recognize and understand accounting symptoms of fraud. • Identify internal controls that help detect fraud. • Identify and understand analytical symptoms of fraud.

  3. Learning Objectives • Realize how lifestyle changes help detect fraud. • See how behavioral symptoms help detect fraud. • Recognize the importance of tips and complaints as fraud symptoms.

  4. Discuss the Symptoms of Fraud.

  5. List 6 Symptoms of Fraud.

  6. List 6 Symptoms of Fraud (cont’d)

  7. List Irregularities to Look for in Source Documents?

  8. Accounting Anomalies

  9. Identify Symptoms of Journal Entry Fraud.

  10. Discuss the Inaccuracies of Ledgers • Define a Ledger • How do you prove the accuracy of a ledger? • What symptoms relate to control accounts?

  11. List & Explain Internal Control Weaknesses.

  12. List Common Examples of Analytical Anomalies. Explain.

  13. Discuss Questionable Financial Statement Relationships. Explain.

  14. Accounting Anomalies

  15. Comment on Extravagant Lifestyles.

  16. What is the Chain that Leads to Unusual Behavior?

  17. List Some Unusual Behaviors.

  18. Review the Fraud Triangle.

  19. Tips & Complaints Term Match Steps Taken by Perpetrator to Hide the Fraud Theft Converting Stolen Assets to Cash & Spending the Cash Concealment Actually Taking Cash, Inventory, Information or Other Assets Conversion

  20. Discuss Why More Frauds Are Discovered through Tips & Complaints?

  21. Why Do Employees Hesitate to Report Fraud Symptoms?

  22. Discuss the Use of Hotlines.

  23. Match Terms Accounting Anomalies Weaknesses in control environment, accounting system or control activities Analytical Anomalies Theft, Concealment, Conversion Elements of Fraud Relationships, procedures or events don’t make sense Internal Control Weakness Inaccuracies in journal entries, ledger, etc.

More Related