100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FOR2601 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (234942) - DUE 10 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. R49,46
Add to cart

Exam (elaborations)

FOR2601 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (234942) - DUE 10 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

 10 views  0 purchase

FOR2601 Assignment 1 (COMPLETE ANSWERS) Semester 2 2024 (234942) - DUE 10 August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations.

Preview 2 out of 10  pages

  • July 24, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (8)
avatar-seller
MasterVincent
FOR2601 Assignment
1 (COMPLETE
ANSWERS) Semester 2
2024 (234942) - DUE 10
August 2024 ; 100%
TRUSTED Complete,
trusted solutions and
explanations.




ADMIN
[COMPANY NAME]

, 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 compare financial data
over different periods or against industry benchmarks to
identify inconsistencies or unusual trends that may indicate
fraud. Examples include ratio analysis, trend analysis, and
horizontal and vertical analysis.
2. Data Mining and Analysis: Using specialized software,
auditors can analyze large datasets to identify patterns,
anomalies, and outliers that could signify fraudulent
activities. Techniques such as regression analysis, clustering,
and classification can be employed.
3. Surprise Audits: Conducting unannounced audits can deter
fraudulent behavior and increase the chances of detecting
fraud since the perpetrators are not prepared to cover their
tracks.
4. Reconciliation: Auditors perform reconciliations between
various records, such as bank statements and financial
statements, to ensure consistency and detect discrepancies
that could indicate fraud.
5. Observation and Inspection: Physical inspection of assets
and observation of processes can reveal discrepancies

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MasterVincent. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R49,46. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50064 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R49,46
  • (0)
Add to cart
Added