Exam (elaborations)
FOR2601 Assignment 1 Semester 2 2024 (234942) - DUE 10 August 2024
- Course
- Institution
FOR2601 Assignment 1 Semester 2 2024 (234942) - DUE 10 August 2024 QUESTIONS WITH DETAILED ANSWERS
[Show more]
Seller
Follow
pablitoh11
Reviews received
Content preview
FOR2601 Assignment1 Semester 2 2024
(234942) - DUE 10
August 2024
QUESTIONS AND ANSWERS
, FOR2601 Assignment 1 Semester 2 2024 (234942) - DUE 10 August
2024
QUESTION 1
1.1 Discuss in your own words the detection techniques that can be used
by auditors to detect fraud in an organisation. (10)
1.2 Discuss the basic considerations or tactical steps you have to consider
when starting a new investigation. (10) [20]
1.1 Detection Techniques Used by Auditors to Detect Fraud in an
Organisation
1. Analytical Procedures
Auditors use analytical procedures to identify unusual or unexpected
changes in financial data. By comparing current financial information with
historical data, industry benchmarks, or budgets, auditors can detect
discrepancies that may indicate fraud.
2. Data Mining and Analysis
Data mining techniques involve the use of sophisticated software to
analyze large datasets for patterns or anomalies. This includes looking for
unusual transactions, duplicate payments, or round-dollar amounts that
may signal fraudulent activity.
3. Review of Documentation
Auditors examine documents and records to ensure they are authentic and
accurate. This includes verifying invoices, receipts, contracts, and other
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller pablitoh11. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76747 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now