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FOR3703 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) Semester 2 2024 - DUE 31 October 2024; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us... $2.60   Add to cart

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FOR3703 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) Semester 2 2024 - DUE 31 October 2024; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us...

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FOR3703 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) Semester 2 2024 - DUE 31 October 2024; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us...

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  • October 30, 2024
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FOR3703 OCTOBER
NOVEMBER PORTFOLIO
(COMPLETE ANSWERS)
Semester 2 2024 - DUE
31 October 2024
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[Type the abstract of the document here. The abstract is typically a short summary of the contents of
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, Exam (elaborations)
FOR3703 OCTOBER NOVEMBER PORTFOLIO
(COMPLETE ANSWERS) Semester 2 2024 - DUE 31
October 2024
 Course
 Investigation of Selected Crimes and Transgression (FOR3703)
 Institution
 University Of South Africa (Unisa)
 Book
 Forensic Investigation

FOR3703 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS)
Semester 2 2024 - DUE 31 October 2024; 100% TRUSTED Complete, trusted
solutions and explanations. Ensure your success with us...



Scenario Financial statement fraud is a white-collar crime usually perpetrated
by management insiders to present a company in a favourable fiscal light.
Fraudsters are motivated by personal gain such as performance-based
compensation for the enhancement of company’s reputation by misleading
potential investors. Or they want to buy time to correct their financial mistakes
or recoup their losses. Financial statement fraud is a crime of opportunity.
Companies with lax internal controls, manual accounting systems or dishonest
and overly aggressive leaders are more likely to fall prey to it. The key to
combating financial statement fraud is to prevent it from ever happening. If it
cannot be prevented, it must be found as soon as possible. Based on the
information in the case study, answer the following questions: 1.1. Discuss the
different types of financial statement fraud and explain why company
personnel commit it. Also indicate how financial statement fraud red flags can
signal potential fraudulent practices. (50) 1.2. Discuss the methods to detect
and prevent financial statement fraud. (50)

1.1 Different Types of Financial Statement Fraud and Motivation
Behind it

Types of Financial Statement Fraud:

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