Fraud Examination Exam 1 Study Guide
Fraud- Deception that includes the following elements 1. A representation 2. About a material
point 3. Which is false 4. And intentionally or recklessly so 5. Which is believed 6. And acted
upon by the victim
Exam 2 Study Guide
Accounting Anomalies- primarily caused by control weaknesses. They are not intentional
mistakes; they are simply problems in the system caused by failures in systems procedures and
Fraud is typically a needle in a ha
Final Exam Study Guide
3. Why are financial statements important to the effective operation of capital markets?
They provide meaningful disclosures of where a company has been, where it currently is,
and where it is going.