1) Larceny of receivable is generally not concealed through which method?
I.Force balancing
J.Reversing entries
K.Destruction of records
L.Including phone checks in the bank deposits
2) For purposes of defining occupational fraud and abuse, employees include only top
or middle managers.
3) Fraud pressures can arise from financial problems, such as living within ones means,
greed, high debt, medical bills, investment losses, or educational expenses.
4) A retail store has a number of inventory adjustments at the end the last ten
accounting periods. What computer audit step should be taken to detect any fraud?
H.Summarize user access to the sales register
I.Compare adjustment to inventory to the void/refund transactions summarized by
employee
J.List the top ten employees in sales by location
K.List the top ten inventory items by sales totals
5) Why is sales skimming called an off-book fraud?
6) Successful plaintiffs may be awarded different types of damages. Which of the
following is not considered damages?
U.Compensatory
V.Economic loss or restitution
W.Punitive
X.Emotional
7) One way of diverting revenue for personal gain is to charge an amount higher than
the price list and keep the difference.
8) A woman had two sons who were born on the same hour of the same day of the same
year, but they were not twins. How could this be?
9) A billing manager in a hospital was authorized to write off certain patient balances as
hardship allowances without further review by management. This practice could lead
to:
I.Theft of patient payments
J.Double-counting of receivables
K.Overstatement of receivables
L.Overstatement of cash