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Chapter 1 However The Fraud 100000 The Price Per
Chapter 01 1. One way that criminal law differs from civil law is that it: a. provides remedies for violations of private rights. b. must yield a unanimous verdict. c. can have a jury of fewer than 12 persons. d. […]
Chapter 1 Incorrect Correct Applied The Estimated 2008 Us
Chapter 01 27. The ACFE does NOT include which of the major categories of occupational fraud listed below? a. asset misappropriations. b. corruption. c. fraudulent statements. d. pension fraud. ANSWER: d FEEDBACK: a. Incorrect. b. Incorrect. c. Incorrect. d. Correct. […]
Chapter 10 Probably The Most Common Rationalization For Criminal
Chapter 10 1. Which of the following is a characteristic of a good interviewer? a. One who interrupts respondents as key issues are introduced b. One who is able to get others to open up and share information c. One […]
Chapter 11 No Nonfinancial Measures Are Indicative Physical Assets
Chapter 11 1. Identify an example of a perceived pressure that can motivate financial statement fraud. a. The ability to obfuscate the fraud behind complex transactions b. Failure to meet Wall Street’s earnings expectations c. Rationalizing that all companies use […]
Chapter 12 Powered Cogneropage 7 B Evaluate The Efficiency
Chapter 12 1. Which of the following is defined as selling unused assets for a promise to buy them or similar assets back at roughly the same price? a. Bill-and-hold sales b. Kiting c. Channel stuffing d. Round-tripping ANSWER: d […]
Chapter 13 Incorrect Making Inquiries Way Detect Disclosure Fraud
Chapter 13 1. Which of the following expenditures would be most suspicious if it were capitalized? a. Equipment purchases b. Computer purchases c. Prepaid expenses d. Salaries to the top management ANSWER: d FEEDBACK: a. Incorrect. Equipment is generally considered […]
Chapter 14 The three main categories of occupational fraud and abuse
Chapter 14 1. Which of the following is more likely to help detect occupational frauds? a. An internal audit b. An external audit c. A tip d. Internal controls ANSWER: c FEEDBACK: a. Incorrect. Occupational frauds are more likely to […]
Chapter 15 Which The Following Statements Correctly
Chapter 15 1. Which of the following statements correctly describes consumer fraud? a. Any fraud that is committed by a consumer. b. Any fraud that targets individuals as victims. c. Any fraud that is committed against an organization. d. Any […]
Chapter 16 Incorrect This Statement Correct Incorrect This Statement
Chapter 16 1. All bankruptcy petitions are subject to: a. Federal claims court jurisdiction b. U.S. Tax court jurisdiction c. Supreme court jurisdiction d. U.S. district court jurisdiction ANSWER: d FEEDBACK: a. Incorrect. b. Incorrect. c. Incorrect. d. Correct. POINTS: […]
Chapter 17 One of the best ways to prevent e-commerce fraud is by focusing on
Chapter 17 1. Which of the following is described as the viewing of information that passes along a network line? a. Sniffing b. Spoofing c. Hijacking d. Impersonation ANSWER: a FEEDBACK: a. Correct. b. Incorrect. Spoofing involves altering e-mail headers […]
Chapter 18 This phase deals more with the initial collection of evidence
Chapter 18 1. Which of the following is a means of securing documents in the other party’s possession that are relevant to the issues of the case? a. interrogatory b. request for admission c. subpoena d. production request ANSWER: d […]
Chapter 2 Documents and records are an important control activity
Chapter 02 ANSWER: b FEEDBACK: a. Incorrect. This is a deterrent to fraudulent behavior. b. Correct. c. Incorrect. This is a deterrent to fraudulent behavior. d. Incorrect. This is a deterrent to fraudulent behavior. POINTS: 1 DIFFICULTY: Easy LEARNING OBJECTIVES: […]
Chapter 2 Which The Following Creates Opportunities For
Chapter 02 1. Which of the following is NOT a primary control procedure to minimize the occurrence of fraud? a. Dual custody b. Systems of authorization c. Internal audit department d. Documents and records ANSWER: c FEEDBACK: a. Incorrect. Dual […]
Chapter 3 The Organization That Isnt Proactive About Possible
Chapter 03 a. by surveillance and undercover operations. b. by accident. c. by providing ways for people to report suspicions of fraud. d. by examining transaction records and documents to determine if there are anomalies that could represent fraud. ANSWER: […]
Chapter 3 Which of the following approaches is most useful in creating
Chapter 03 1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this […]
Chapter 4 Primary Responsibility For Controls Belongs Internal Auditors
Chapter 04 1. Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control? a. System of authorizations b. Segregation of duties c. Independent checks d. Physical safeguards ANSWER: c FEEDBACK: a. […]
Chapter 5 Which The Following Usually Motivates Embezzlers
Chapter 05 1. Who in an organization is NOT in a good position to recognize fraud during the theft act? a. Other employees b. Managers c. Auditors d. Coworkers ANSWER: c FEEDBACK: a. Incorrect. Coworkers, managers, and other employees are […]
Chapter 6 Small Frauds May Not Affect The Summarized
Chapter 06 1. Which of the following statements is NOT true? a. In recent years there have been many cases of financial statement fraud. b. Proactive fraud detection methods are in their infancy. c. Accounting anomalies indicate fraud has or […]
Chapter 7 Incorrect Incorrectpoints120 Several Factors Are Considered Deciding
Chapter 07 1. Which of the following is the last step in an investigation? a. Interview suspect b. Interview former employees c. Interview former buyers d. Perform surveillance ANSWER: a FEEDBACK: a. Correct. b. Incorrect. This step is done at […]
Chapter 8 The Four Most Common Examples Documentary Evidence
Chapter 08 1. ____ are used by attorneys involved in litigation to track all documents. a. Link analyses b. Bates numbers c. Bar codes d. RFID tags ANSWER: b FEEDBACK: a. Incorrect. b. Correct. c. Incorrect. d. Incorrect. POINTS: 1 […]
Chapter 9 When People Have Income They Either Purchase
Chapter 09 1. When is searching through someone’s garbage considered as a legal activity ? a. When the trash is left unattended inside the suspect’s home. b. When the trash is in the possession of the suspect. c. When the […]