1) The Forensic and Valuation Services (FVS) Center is part of the American Institute
of Certified Public Accountants.
2) What are the considerations related to forecasting income and cash flows?
3) Describe the process by which evidence should be handled.
4) Receivable turnover is computed by:
P.Net credit sales / average net receivables
Q.Average net receivables / net credit sales
R.Average net receivables / 365
S.Net credit sales / 365
5) As fraud examiners, we concentrate on ________ which can be defined as the
modification of behavior through the perception of negative sanctions.
M.fear
N.deterrence
O.prevention
P.avoidance
6) Fraudulent endorsement requires use of a facsimile signature stamp.
7) Which of the following questions is NOT appropriate for an interviewer to ask?
E.Is there anything that I have forgotten to ask?
F.Is there anything else you would like to add for the record?
G.Is there anyone else I should speak with about the issues we have covered?
H.Do you think embezzling is a crime?
8) What are the two major approaches for testing IT system controls?
9) What three attributes must the plaintiff demonstrate in a civil framework?