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  • Eie Entry - May Script

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    Trisha rito
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    The document discusses a fraudulent activity witnessed by the author in high school where a classmate stole money and a ballpoint pen from a friend. It analyzes the incident based on the Fraud Triangle, finding opportunity existed due to a lack of oversight, pressure from a need for money, and rationalization that the classmate needed money for snacks. To avoid such theft, the document recommends internal controls like monitoring surroundings, using security cameras, investing in lockers, and keeping valuables out of sight.

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    EIE ENTRY - MAY SCRIPT

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    The document discusses a fraudulent activity witnessed by the author in high school where a classmate stole money and a ballpoint pen from a friend. It analyzes the incident based on the Fraud Triangle, finding opportunity existed due to a lack of oversight, pressure from a need for money, and rationalization that the classmate needed money for snacks. To avoid such theft, the document recommends internal controls like monitoring surroundings, using security cameras, investing in lockers, and keeping valuables out of sight.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Eie Entry - May Script

    Uploaded by

    Trisha rito
    The document discusses a fraudulent activity witnessed by the author in high school where a classmate stole money and a ballpoint pen from a friend. It analyzes the incident based on the Fraud Triangle, finding opportunity existed due to a lack of oversight, pressure from a need for money, and rationalization that the classmate needed money for snacks. To avoid such theft, the document recommends internal controls like monitoring surroundings, using security cameras, investing in lockers, and keeping valuables out of sight.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    EIE ENTRY - MAY

    PROMPT QUESTIONS

    1. Have you ever experienced, witnessed, or heard about fraudulent activities? This
    could be at home, in school, at work, or in other companies or the government. Briefly
    discuss what transpired in this fraudulent activity.
    Answer:
    Yes I have ever experienced, witnessed, or heard about fraudulent activities. For
    example, embezzlement or theft. Embezzlement or theft happened when I’m at school.
    When I was a highschool I saw one of my classmate steal the money and ballpen of my
    friend during our recess after that I told my friend that our classmate stole her money and
    ballpen before we scolded my classmate we go first to our guidance counselor to explain that
    my classmate stole the money and ballpen of my friend and we saw it on his bag.After that,
    he says sorry and got a consequences of what he did.

    2. Discuss the elements of the Fraud Triangle in the fraudulent activity you cited.
    Answer:
    Fraud Triangle
    Opportunity - When it comes to theft, there has to be something to steal as well as a way to
    steal it. Anything valuable is worth stealing. Any flaw in a system, such as a lack of oversight,
    is an opportunity to steal.

    Pressure - Owing to a shortage of money, the boy commits theft due to pressure from
    personal issues that create a want for more money.

    Rationalization - Based on my cited, I think he did it because he really needed the money
    to buy his snacks but he did it the wrong way of asking for help about his situation that’s why
    he tried to steal it.

    3. What internal control or measure could have been employed in order to avoid the said
    fraudulent activity? Provide recommendations.
    Answer:
    The internal control or measure could have been employed in order to avoid the said
    fraudulent activity is to know your surroundings with people so you should be alert on your
    things and potential theft of people that surrounds you. Camera systems that record and
    monitor building activities can help both prevent violence and catch criminals if a break-in
    occurs. Invest a locker to protect and keep lock your valuable things or keep your valuables
    things out of sight.

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