Answer 3 questions
Each question has specific instructions for your required references and each must have totally different references and NO textbooks/books.
You will answer each question, using WORD format, and at the end of each question you will place the references used for your response and then do the same for each response to each question. You can then put all four responses together and submit as one:
1. Answer the following question, in detail.
Based upon the knowledge you have gained from this course and relating to fraud examination and the fraud triangle, explain what professor “Understand the Person, Understand the Fraud” concept, means to you.
Remember to defend your response by using a minimum of 4 scholarly or peer reviewed articles, NOT textbooks or books, as in-text citations within your response to this question. Your response to this question should be a minimum of one page using WORD document format and in APA, with references at the end of your response.
2. Answer the following question, in detail.
“Based upon the knowledge you have gained from this course relating to fraud examination and the fraud triangle, discuss how you, a fraud examiner, would approach and conduct an interview of a fraud suspect(s) in a case you have been assigned. (You may use any of the suspects from the prior threaded discussions). Remember to include techniques, theory and approaches in your answer. Make sure your answer demonstrates your understanding of the fraud triangle and fraud examination.”
You must include a minimum of 4 scholarly peer reviewed articles, not textbooks or books, as in-text citations within your response to this question. Your response to this question should be a minimum of one page using WORD document format and in APA, with references at the end of your response.
3. Answer the following question in detail.
Some have argued that while pressure and opportunity can be ascertained about the subject, how useful is rationalization as an indicator leading to the identification of the fraud suspect?
You must include a minimum of 4 scholarly peer reviewed articles, not textbooks or books, as in-text citations within your response to this question. Your response to this question should be a minimum of one page using WORD document format and in APA, with references at the end of your response.
.doc file | APA | Discussion | 3 pages, Double spaced
we created the Fraud Scenario:
Merchandise Inc is a clothing and accessory retailer with multiple locations.
This case involves the Miami location. There are four employees at the Miami location.
They have a salary + commission three person sales staff. The salary is paid as a draw against commission.
The three salespeople are Jack, Jill and Mickey.
Mickey oversees scheduling and payroll but cannot make accounting entries and also makes 20% commission when he makes a sales.
Minnie oversees the purchasing and accounting function.
All four employees have access to the register with their own unique four-digit code.
Over the last four quarters sales have increased but net profit has decreased.
The owner of Merchandise Inc suspects fraud! Dun dun dun!!!!!
Here they are:
Jack:
Sales Associate/College student
Lives with his parents and needs this job to pay his way through college
Works a lot of overtime
Has been with the company for 6 months.
Jack takes the bus to work.
Base salary is $15/hr + 20% commission on sales over $150
Jill:
Sales Associate/Recently graduated from college
Engaged.
Has been working fewer hours lately to plan for the wedding and the overflow has fallen to Jack.
Has been with the company for two years and has always been the “star salesperson”. Lately her sales have fallen as a result of the reduced hours.
Drives a 2018 Camry.
Base salary is $16/hr (because she has been there longer) + 20% commission on sales over $150
Minnie:
Store Manager
Married and has a young son
Drives a 2018 BMW
Wears very stylish clothing to work
Makes $70,000 annually + Bonus which is 5% of net income
Mickey:
New assistant manager
Drives a 2010 Lexus
Has been working overtime recently
Always volunteers to open and close the store
Makes $17/hour plus 20% commission on sales over $150
Always talks to Minnie about recommending him for a promotion to be manager of the Boca location of Merchandise Inc.
after we created this, and we did interview for both group members.
Answer preview
Fraud examination refers to the entire process involved in assessing whether a fraud has occurred and gathering evidence of such fraud. People have different motivations for committing fraudulent activities, and the fraud triangle provides a framework for identifying fraudsters and their reason for committing such acts (Huber, 2017). Researchers and experts on fraud have coined various terms and phrases that serve as guiding principles in fraud examination. One of the most common and significant statement avers that you understand the fraud if you understand the person. The statement denotes the essence of understanding people in a particular fraudulent activity as a means of understanding the crime they have committed and why they have done it.
Understanding a fraudster’s profile is essential in detecting any suspicious activity. The main hurdle in fraud examination emanates from projection bias. Individuals tend to downplay
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