Which of the Following Is an Example of Fraud

This could mean sending a letter to try and scam money or personal information from someone stealing. The invoices were for less than 300 an amount that often does not require purchase orders or approvals.

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B obtaining information illegally using a computer.

. 21 Which of the following is an example of input fraud. Likely to be an example of fraud. However when the company began to face declining revenues and debt troubles company executives hid the facts through massive accounting fraud.

Nursing questions and answers. Submitting claims for services not medically necessary. Counterfeit Accounts To make fake cards criminals use the newest technology to skim information contained on magnetic stripes of cards and also to pass security features such as holograms.

Billing an insurance company for CPT-code 90805 brief therapy wmedication management when. Which of the following is an example of processor fraud. Lost or Stolen Accounts Often physical cards are stolen from a workplace gym or unattended vehicle.

Miscoding a diagnosis unintentionally. Which of the following is an example of fraud. Reporting duplicative charges on an insurance claim D.

Answer a is most likely since. Misinterpretations of facts that existed when the financial statements were prepared. Its any fraudulent activity that involves the use of postage mail.

Fraud has a direct dollar for dollar impact on a companys. Clerical mistakes in the accounting data underlying the financial statements c. Falsifying certificates of medical necessity plans of treatment B.

They provide only those statistics related to their jurisdiction. Altering a patients chart toincrease the amount reimbursed. Misinterpretation of facts that existed when financial statements were prepared d.

Which of the following best describes the economy of the 1920s in the United States. In order to constitute fraud the party making the false statement must know or believe that it is untrue or incorrect and intended to deceive the other party. Which of the following would be considered a fraud.

A Revenge against the company B Intent to repay borrowed funds in the future C Sense of entitlement as compensation for receiving a lower than average raise. Misappropriation of an asset or groups of assets d. Leaving a field blank on the CMS-1500 by mistake.

A A man used desktop publishing to prepare bills for office supplies that were never ordered or delivered and mailed them to local companies. Releasing a patients medical records without the patients consent to the patients family because you feel morally obligated to do so. One of the most notorious cases of corporate fraud is the Enron scandal.

Accounting principles or in processing data and unreasonable. This fraud typically occurs in either the mail room or the accounting department. Accounting questions and answers.

Which of the following an example of fraud. Mistakes in the application of accounting principles b. The definition of mail fraud is simple.

Misappropriation of an asset. Incoming funds are intercepted before they can be recorded in a companys accounting records. Some of the different types of fraud include.

Fraud in companies such as WorldCom Enron Waste Management Sunbeam Rite-Aid Phar-Mor Parmalat and ZZZZBest are examples of. Which of the following is not an example of the fraud triangle characteristic concerned with rationalization. At its height Enron a major energy company was raking in billions upon billions in profits.

The invoices were for less than 300 an amount that often does not require. D unauthorized modification of a software program. A declining industry with increasing business failures and significant declines in customer demand.

Leavinga field blank on the CMS-1500 by mistake D. Which of the following is NOT an example of computer fraud. The controller of the company inappropriately records January sales in December so that year-end results will meet analysts expectations.

1 point It was a period of economic hardship. Errors in the application of the accounting principles. It was a boom time or a period of great economic growth It was.

Which of the following is an example of fraud. An incorrect accounting estimate arising from misinterpretation of facts. Misappropriation of assets or group of assets.

Of assets a major type of fraud. It was a wartime economy. Fraud is the intentional use of false or misleading information in an attempt to illegally deprive another person or entity of money property or legal rights.

Which of the following is an example of fraud. Which action was NOT an example of telling against society in the 1920s in the united states. Which of the following best represents an example of fraudulent financial reporting.

This is usually caused when a person is allowed to both open the mail and record accounting transactions. Miscoding a diagnosis unintentionally C. There is a high turnover of management counsel or board members.

Which of the following is an example of fraud. Billing noncovered services as covered services C. Answers b c and d are all incorrect because mistakes in the application of.

A theft of money by altering computer records. A mistake in processing accounting data. Which of the following is anexample of fraud.

Releasing a patients medicalrecords without the patients consent to the patients wife because you feelmorally obligated to do so B. And mailed them to local companies. A mistake in the application of accounting principles.

Altering a patients chart to increase the amount reimbursed. Knowing the different types of fraud and following these tips to avoid being a victim can help you protect your identity. Clerical errors in accounting data underlying the financial statements.

A high degree of competition or market saturation accompanied by declining margins. The following are examples of fraud risk factors relating to industry conditions except a. C failure to perform preventitive maintencance on a computer.

Defalcation is another term for misstatements arising from misappropriation. The transfer agent issues 40000 shares of the companys stock to a friend without authorization by the board of directors. A A man used desktop publishing to prepare bills for office supplies that were never oruc delivered and mailed them to local companies.

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