Question

What role does the rationalization phase play in the process of financial statement fraud? A) Concealing fraudulent activities B) Initiating the fraudulent process C) Justifying unethical actions D) Exploiting weaknesses in controls 

          What role does the rationalization phase play in the process of financial statement fraud?
A) Concealing fraudulent activities
B) Initiating the fraudulent process
C) Justifying unethical actions
D) Exploiting weaknesses in controls
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Added by Aaron W.

Horngren’s Cost Accounting
Horngren’s Cost Accounting
Srikant M. Datar, Madhav V. Rajan 16th Edition
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What role does the rationalization phase play in the process of financial statement fraud? A) Concealing fraudulent activities B) Initiating the fraudulent process C) Justifying unethical actions D) Exploiting weaknesses in controls
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Transcript

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00:01 Hello students we are asked in the question which of the following is not one of the main factors that contribute to fraudulent activity right we need to write here so answer is incompatible duty incompatible duties right so we can write here incompatible duty is a control method if i write for this in business and accounting in business and accounting used to prevent fraud and limit the and limit the consequences of errors of errors if i write for this so answer is incompatible duties we need to depict it as whole which of the is not one of the main factors that contribute to fraudulent activities.
01:26 So hence incompatible duties is not one of the is not one of the main factors that contribute to fraudulent activity.
01:59 In spite of this, it prevents from fraudulent activity.
02:05 So there contribute to fraudulent activity...
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