Question 1One major difference between fraud and a mistake is:1 pointConcealmentCover-upThe actConversion (benefit to the perpetrator)2.Question 2With regard to the length of an employee’s time with an organization,which of the following statements is correct. Most occupational fraud byemployees takes place:1 pointin the first year of work at the organization.after the first year of work at the organization.in the last years of work at the organization, justbefore retirement.after ten or more years of work at the organization,because they have the most authority and access to company funds such as bankaccounts.
Question
Question 1One major difference between fraud and a mistake is:1 pointConcealmentCover-upThe actConversion (benefit to the perpetrator)2.Question 2With regard to the length of an employee’s time with an organization,which of the following statements is correct. Most occupational fraud byemployees takes place:1 pointin the first year of work at the organization.after the first year of work at the organization.in the last years of work at the organization, justbefore retirement.after ten or more years of work at the organization,because they have the most authority and access to company funds such as bankaccounts.
Solution
Sure, here are the answers to your questions:
Question 1: One major difference between fraud and a mistake is Concealment. This is because fraud is a deliberate act to deceive for personal gain or to cause loss to another party. A mistake, on the other hand, is an unintentional action or decision.
Question 2: Most occupational fraud by employees takes place after the first year of work at the organization. This is because it often takes time for employees to understand the systems and processes in place, and to identify loopholes that they can exploit for fraudulent activities.
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