FRAUD EXAMINATION ALBRECHT ALBRECHT Recognizing the Symptoms of

FRAUD EXAMINATION ALBRECHT & ALBRECHT Recognizing the Symptoms of Fraud CHAPTER 5 Fraud Detection

Discuss the Symptoms of Fraud Detection

List 6 Symptoms of Fraud Detection

List 6 Symptoms of Fraud Detection

What are some irregularities in source documents to look for? Fraud Detection

Accounting Anomalies z Faulty Journal Entries z Inaccuracies z. Ledger z. Master in the Ledgers Doesn’t Balance or Control Accounts Do Not Equal the sum of individual customer or vendor accounts Fraud Detection

List & Explain Internal Control Weaknesses Fraud Detection

List Some Common Examples of Analytical Anomalies, Explain Fraud Detection

Discuss & Explain Strange Financial Statement Relationships Fraud Detection

Discuss Accounting Anomalies Fraud Detection

Comment on Extravagant Lifestyles Fraud Detection

What is the chain that leads to unusual behavior? Fraud Detection

List Some Unusual Behaviors Fraud Detection

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

Why are more frauds discovered through tips & complaints? Fraud Detection

Why do employees hesitate to come forward with fraud information? Fraud Detection

Discuss the Use of Hotlines Fraud Detection

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