English, asked by vasukikalale, 1 month ago

Which of the following is NOT recognized by the ACFE as a behavioral
warning sign?

Answers

Answered by beautifulangelsmriti

Answer:

1-Excessive control issues or unwillingness to share duties

2- Living beyond one's means

3- Financial difficulties

Explanation:

( that much i know mark as Brainlist plz)

Answered by ravilaccs

Answer:

Living beyond one's means

Financial difficulties

Unusually close association with a vendor or customer

Excessive control issues or unwillingness to share duties

Recent divorce or family problems

A general “wheeler-dealer” attitude involving shrewd or unscrupulous behavior

Explanation:

The ACFE's head of global chapter development, Goal of the event was to network with as many people as possible while moving around the room in an effort to spot a fraudster. Harvey claimed that they gave their fraudster—a detective in real life—a made-up past and instructed her to lie to any questions that would explicitly reveal that she was the fraudster while still providing answers consistent with her background. Three people had succeeded in identifying the fraudster by the end of the night based on warning signs or inconsistencies they had noticed.
The ACFE study lists 17 typical behavioural red flags that fraudsters exhibited before the fraud was discovered and which are linked to occupational fraud. Prior to the fraud being discovered, a behavioural red flag was present in 91% of the cases studied, and in 57% of those cases, two or more red flags were present. Red flags are a group of events that deviate from routine behaviour, may be unusual in nature, and may indicate that something needs to be looked into further. Red flags are potential fraud warning signs rather than signs of guilt or innocence. Recognize that sometimes an error is just an error and no fraud has occurred, but do not ignore a red flag. A skilled and qualified investigator should conduct a follow-up inquiry into a red flag.

The top seven behavioural red flags noted by the ACFE study, along with the percentage of instances where each was present, are as follows:

The fraudster attempted to hide the fraud in 95% of the cases in the ACFE study, most frequently by creating, altering, destroying/deleting physical or electronic documents or changing accounting system transactions. In the workplace, missing documents are not uncommon; however, if this problem arises frequently, fraud may be to blame. Alterations to account reconciliations, journal entries, vendor invoices, and prepared schedules or reports are examples of altered documents. Contact Pro Back Office if your business needs expert advice on risk reduction and fraud prevention. Our risk mitigation specialists are adept at making suggestions for setting up internal controls to lower the likelihood of fraud in your company.

Reference Link

Previous Question

Next Question