Management fraud is regarded as more serious than employee fraud. Three special characteristics have been discussed for management fraud. What are they? Explain
Management fraud is more insidious than employee fraud because it often escapes detection until the
organization has suffered irreparable damage or loss. It usually occurs at levels above the normal internal control system. There is typically an intent to present a better picture of the business than is valid, often to deceive creditors and/or shareholders. If assets are misappropriated, the route is quite devious involving a maze of business transactions.
You might also like to view...
The sum of value-added processing time plus non-value added time equals __________________________
Fill in the blank(s) with correct word
A(n) ________ is a salesperson's write-up of her completed sales activity
A) expense report B) behavioral objective C) performance objective D) sales quota E) call report
Quality Building Materials Inc has developed a new whole-house weather blanket and needs to determine the price point at which builders would switch to this new product. The best research method for this is a(n) A) manual search of other companies' price lists
B) interview with a local builder. C) Internet search of insulation values for weather blankets. D) scientific experiment that presents price choices with controlled variables.
In __________ environment, one would expect to see that collaboration and teamwork are encouraged and status and power differences are diminished.
A. an egalitarian B. an autocratic C. a democratic D. a self-actualizationÂ