List and Briefly Describe Examples of Risk Factors for Each

question 31

Essay

List and briefly describe examples of risk factors for each condition of fraud for fraudulent financial reporting.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Strike Suit

In corporation law, a derivative suit motivated primarily by an intent to gain an out-of-court settlement for the suing shareholder personally or to earn large attorney’s fees for lawyers, rather than to obtain a recovery for the corporation.

Derivative Action

A lawsuit brought by a company shareholder on behalf of the corporation against a third party, often insider directors or managers, alleging harm to the company.

NewAge Inc.

NewAge Inc. is a company that may focus on providing innovative products or services, typically operating in industries characterized by new technologies or emerging market demands. (Note: Further specifics would depend on the current context of "NewAge Inc." as it may refer to a specific, real company or a hypothetical entity).