1. Differentiate self-interest and self-review. Give an example of


1. Differentiate self-interest and self-review. Give an example of each.

2. An airline company has been adversely affected by a slump in business travel during the last two years. In addition to lower overall demand, the airline company faces increased competition from other airlines who are heavily discounting flights. The airline company policy for revenue is to credit sales to revenue received in advance, and subsequently transfer to revenue when passengers or freight are uplifted or tours and travel air tickets and land content are utilised.

i.Identify and explain fraud risk factors. 

ii. What is the type of fraud that the case presents?

iii. What are accounts and assertions at risk due to the fraud risk?

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