FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
Question
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Chapter 7, Problem 7.4EYCT

(a)

To determine

Fraud: Fraud is a deliberate and deceptive action of an employee to obtain unlawful gain from the employer.

To find: The percentage of companies in the world which experienced fraud during the survey period, and find the country which has the highest percentage

(b)

To determine

To find: The percentage of survey respondents participated in anti-bribery/anti-corruption (ABAC), to assess the emerging risk during the last two years of survey period

(c)

To determine

To find: The percentage of C-suite executives have not participated in anti-bribery/anti-corruption (ABAC) training

(d)

To determine

To find: The source of cybercrime that concerns the respondents significantly

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Some of the largest business frauds ever perpetrated have involved the misstatement of inventory. Two classics were at Leslie Fay and McKesson Corporation. Feel free to check them out to get a feel for the impact that it has. There is considerable information regarding inventory frauds available on the Internet. Search for information about another instance of inventory fraud at any other company, and prepare an explanation of the nature of the inventory fraud.
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FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS

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