1. FRAUD EXAMINATION ALBRECHT & ALBRECHT
WHO COMMITS FRAUD AND WHY
CHAPTER 2

2. So what does the fraudster look like?
Introduction to Fraud

3. Describe the Profile of Fraud Perpetrators
College Students
Fraud Perpetrators
Other Property Offenders
Introduction to Fraud

4. Draw and Explain the Fraud Triangle?
Introduction to Fraud

5. Are all fraudsters under some perceived pressure?
Introduction to Fraud

6. What is called when a fraudster believes they won’t be caught?
Introduction to Fraud

7. What is it called when the fraudster explains their actions as acceptable?
Introduction to Fraud

8. What three elements are common to every fraud?
Introduction to Fraud

9. Why is it important to understand the fraud triangle?
Introduction to Fraud

10. What does this imply for the fraud examiner?
Introduction to Fraud

11. Do the three elements need to be in equal proportion to commit fraud?
Introduction to Fraud

12. How does an individuals personal integrity affect their likelihood to commit fraud?
Introduction to Fraud

13. What are the 4 types of pressure?
Introduction to Fraud

14. Who commits fraud? Year of Employment
1, 2, 3, 4, 5, 6, ………………………………., 35
What is the age of the person most likely to commit fraud?
Introduction to Fraud

15. Discuss the lengths people will go to support their vices.

16. What are the three parts of perceived opportunity?
Introduction to Fraud

17. What factors increase opportunity to commit fraud?
Introduction to Fraud

18. Match Terms to Definitions
Control Environment
Accounting System
Control Procedures or Activities
Policies and procedures for recording economic transactions in an orderly manner.
Specific error-checking routines performed by company personnel.
A set of characteristics that defines good management control features other than accounting policies and procedures
Introduction to Fraud

19. Comment on the Control Environment
Introduction to Fraud

20. What are the 3 components of every fraud?
Introduction to Fraud

21. What does a good account system do?
Introduction to Fraud

22. What does a good accounting system do for transaction?
Introduction to Fraud

23. Control Activities
Individuals commit fraud to conceal personal expenditures with business assets and evade paying taxes
Introduction to Fraud

24. What are the 5 primary control procedures? Discuss Each One
Introduction to Fraud

25. Describe the Internal Control Structure
Control Environment
Accounting System
Control Activities and Procedures
Introduction to Fraud

26. List & Discuss Non-control Factors
Introduction to Fraud

27. Rationalization
Introduction to Fraud