객관식
Which of the following is NOT a proper segregation of duties for cash received in person?
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6. Internal Controls and Reporting Cash
Fraud and the Fraud Triangle
객관식
Which of the following best describes the impacts associated with contractual noncompliance in the context of fraud and the fraud triangle?
A
It increases the likelihood of asset appreciation and improved stakeholder trust.
B
It typically leads only to minor administrative delays with no significant consequences.
C
It has no effect on the organization's financial statements or operations.
D
It can result in financial losses, legal penalties, and reputational damage for the organization.
검증된 단계별 안내1
Step 1: Understand the context of the fraud triangle, which consists of three elements: pressure, opportunity, and rationalization. These elements explain why individuals commit fraud.
Step 2: Recognize that contractual noncompliance refers to situations where an organization fails to adhere to the terms of a contract, which can lead to legal and financial consequences.
Step 3: Analyze the potential impacts of contractual noncompliance, such as financial losses due to penalties or damages, legal repercussions, and harm to the organization's reputation.
Step 4: Evaluate how these impacts align with the fraud triangle. For example, financial losses and reputational damage can increase pressure, while noncompliance may create opportunities for fraudulent activities.
Step 5: Conclude that the correct description of the impacts associated with contractual noncompliance is that it can result in financial losses, legal penalties, and reputational damage for the organization.
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