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Financial Accounting- BUS 020 - Spring 2015
Session 11Fraud, I/C and Cash
Fraud Triangle
Donald R. Cressey
Pressure Opportunity Rationalization
Financial Accounting- BUS 020 - Spring 2015
COSO I/C Cube
Environment Assessment of risk Mitigating controls Communication of exceptions Overall monitoring
Financial Accounting- BUS 020 - Spring 2015
Institute of Internal Auditors Evidence of
Control S-C-O-R-E
Safeguarding of assets Compliance with laws and regulations Organizational achievement of goals
and objectives Reliable reporting Efficiency and effectiveness of
operations
Financial Accounting- BUS 020 - Spring 2015
Fraud Savvy Model
Financial Accounting- BUS 020 - Spring 2015
Awareness
Prevention
Detection
Investigation
Prosecution
Cash Basics
Currency Equivalent cash
S/T investments with maturity of 90 days or less
Restricted cash Treat as current or non-current asset
Overdrafts Treat as current liability
Financial Accounting- BUS 020 - Spring 2015
