100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FOR2601 Assignment 1 Semester 2 2024 (234942) - DUE 10 August 2024 R50,00   Add to cart

Exam (elaborations)

FOR2601 Assignment 1 Semester 2 2024 (234942) - DUE 10 August 2024

 7 views  0 purchase

FOR2601 Assignment 1 Semester 2 2024 (234942) - DUE 10 August 2024 COMPLETE ANSWERS

Preview 2 out of 11  pages

  • July 27, 2024
  • 11
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (12)
avatar-seller
jpapaya
FOR2601 Assignment 1
Semester 2 2024 (234942) -
DUE 10 August 2024
QUESTIONS AND ANSWERS




[School]
[Course title]

, 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 to Identify Fraud in an Organization




1. **Analytical Procedures**: Auditors use analytical procedures to compare financial data over

different periods or against industry standards to identify unusual trends or anomalies. Ratios and

trend analysis can highlight discrepancies that may indicate fraud.




2. **Data Mining and Analytics**: Advanced software tools can analyze large sets of data to

uncover patterns and outliers. Data mining techniques can help identify transactions that deviate

from the norm, signaling potential fraud.




3. **Internal Controls Review**: Evaluating the effectiveness of an organization’s internal

controls can help auditors identify weaknesses that could be exploited for fraudulent activities.

This includes assessing the segregation of duties, authorization processes, and access controls.

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 jpapaya. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R50,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73216 documents were sold in the last 30 days

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

Start selling
R50,00
  • (0)
  Buy now