ACCT 203 Chapter Notes - Chapter 7: Bank Statement, Giro, Child Custody
13 Oct 2017
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Document Summary
A dishonest act by an employee that results in personal benefit to the employee at a cost to the employer. personal bank account over a three-year period. himself. A bookkeeper in a small company diverted ,000 of bill payments to a. A shipping clerk with 28 years of service shipped ,000 of merchandise to. A computer operator embezzled million from . A church treasurer borrowed ,000 of church funds to finance a friend"s. A second factor that contributes to fraud is . The most important element of the fraud triangle is . Financial pressure . employees sometimes commit fraud because of personal financial problems caused by too much debt. or they might commit fraud because they want to lead a lifestyle that they cannot afford on their current salary. One poll found that 60% of investors believe that sox helps safeguard their stock investments. Internal control - a process designed to provide reasonable assurance regarding the.
