Describe the factors that constitute the fraud triangle. Why is it important to auditors?
The fraud triangle consists of three factors that contribute to or are associated with management and employee fraud. These are:
(1) situational pressure, which includes personal or job related stresses that could coerce an individual to act dishonestly;
(2) opportunity, which involves direct access to assets and/or access to information that controls assets, and;
(3) ethics, which pertains to one's character and degree of moral opposition to acts of disho-nesty.
An individual with a high level of personal ethics, who is confronted by low pressure and limited opportunity to commit fraud, is more likely to behave honestly than one with weaker personal ethics, who is under high pressure and exposed to greater fraud opportunities.
Research by forensic experts and academics has shown that the auditor's evaluation of fraud is enhanced when the fraud triangle factors are considered.
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The plaintiff's burden of proof in a tort case is by a preponderance of the evidence. This means that when both sides have presented their evidence, the greater weight of the believable evidence must be on the plaintiff's side.
Answer the following statement true (T) or false (F)
______ credibility refers to how the audience perceives you after your speech.
What will be an ideal response?
Three broad categories of definitions of quality are:
A) product quality, service quality, and organizational quality. B) user based, manufacturing based, and product based. C) internal, external, and prevention. D) low-cost, response, and differentiation. E) Pareto, Shewhart, and Deming.
The seller's warranty that he has marketable title to the land would be breached if the buyer discovers:
a. a lien on the land. b. a defect in the chain of title. c. a lease of the premises. d. All of these.