Question

Detection of fraud symptoms can be separated into six groups:

Accounting ________
a) ________ ________weaknesses
b) ________ anomalies
c) ________ lifestyle
d) ________ behavior
e) ________ and ________

Answer 1

Detection of fraud symptoms can be separated into six groups: accounting weaknesses, anomalies, lifestyle, behavior, and external and internal tip-offs.

Step-by-step explanation:

The six groups for detecting fraud symptoms are:

1. Accounting weaknesses: These include inadequate internal controls and lack of segregation of duties.
2. Anomalies: These are inconsistencies or irregularities in financial statements, such as unexplained variances or strange transactions.
3. Lifestyle: This refers to a lifestyle that is inconsistent with the person's reported income or financial abilities.
4. Behavior: This includes unusual behavior, such as excessive gambling or a sudden change in spending habits.
5. External and internal tip-offs: These are reports or information provided by third parties, such as anonymous tips or internal whistleblowers.

Detecting fraud symptoms is crucial for businesses to identify and prevent fraudulent activities.