Chapter 11Preventing Fraud
1. Control activities can be grouped as preventive controls and detective controls. Which of the
following is a detective control?
a. System of authorizations
b. Segregation of duties
c. Independent checks
Chapter 12Recognizing the Symptoms of Fraud
1. Who in an organization is NOT in a good position to recognize fraud during the theft act?
a. Other employees
2. In which stage do auditors have a good chan
What we know:
Sales price per unit is $55
Production Price per unit is $35
Monthly Fixed Costs is $10,000
November produced 500, December produced 750, January produced 1,000, and each month after increased 500 per month
Production sales 30 days before pr
Undeveloped Finished Lots
Portion of Value
Total Purchase or Market Value of Property
Allocation of Purchase Cost
Allocation Per Unit
Spring Semester 2013
Article Review #1
ImClone Founder Pleads Guilty to 6 Charges
February 28, 2013
After thoroughly analyzing, I perceived that the purposes of this article were to inform its
HealthSouth Corporation is a large, public healthcare company that operates 93 impatient
rehabilitation hospitals, six long-term acute care hospitals, and 25 home health agencies.
According to its website, HealthSouth is the
Assessing mitigating the risk of fraud means that an organization should have a process
in place that both defines where the greatest fraud risks are and evaluates and tests
controls that mitigate those risks.
Nancy should be very concerned about Bob. Bob has worked for the company for a
long period of time and he has gained the banks trust which gives Bob an easier
opportunity to commit embezzlement against the comp
Health South Scandal
1) The Company
a) Nature of the Company:
a.i) HealthSouth Corporation is a large, public healthcare company.
a.ii) The nations largest provider of impatient rehabilitation services.
b) Financial Position of the Company:
The Dallas Project
1 & 2) I allocated the purchase costs in three different ways. I am recommending that the real
estate corporation allocate costs using the following method because it maximizes the projects