When businesses or persons obtain mortgages for things other than real estate, these are
called:
a. Leins
b. Chattel Mortgages
c. Collateral Loans
d. Uncollateralized Loans
If a prosecutor and defense attorney are exchanging witness statements and other
evidence, they are participating in:
a.Fraud.
b.Conspiracy.
c.Voir dire.
d.Discovery.
Adjustment factors apply to which of the following valuations methods?
a.Asset approach.
b.Market approach.
c.Income approach.
d.All of the above.
Most frauds span multiple fiscal periods, with the average fraud time being
approximately:
a.Two quarters.
b.Two years.
c.Three years.
d.Five years.
Bringing a list of written questions to the interview is a good idea.
Section 301 requires compliance with its provisions as a precondition to companies
being publicly traded. Companies not in compliance with Section 301 can be:
a.Charged in Federal District Court with a civil violation.
b.Placed on probation, or be delisted, by the SEC.
c.Audited by the IRS.
d.There is no penalty for non-compliance with Section 301.
Which organization is Financial Crimes Enforcement Network under?
a.FBI.
b.CIA.
c.Homeland Security.
d.Treasury Department.
In which of the following types of crimes can computer forensics be used?
a.Terrorism.
b.destruction of data.
c.murder.
d.all of the above.
Fraud is typically limited to:
a.Employees.
b.Employees, Vendors, Customers and the public.
c. Employees and owners.
d.Vendors, Customers and public.
By non-disclose of good news, management has:
a.Protected the company from bad stock valuation on the market.
b.Cost investors who have sold their stock from realizing its true value.
c.Let those who have purchased stock on the market pay a higher price than they should
have.
d.All of the above.
According to COSO’s second report, “Internal Control Integrated Framework”, what is
the definition of internal control?
a.A specific set of internal standards that when subordinate managers hold their workers
up to will make the corporation run more efficiently.
b.A SEC based initiative that is inspected and signed by the CEO and CFO.
c.Five Elements that are written into corporate language and part of the employee
handbook.
d.A process, affected by an entity’s board of directors, management and other personnel,
designed to provide reasonable assurance regarding the achievement of objectives.
The capitalized income method is a variation on the:
a.Asset approach.
b.Market approach.
c.Income approach.
d.Discount income method.
Which of the following does a forensic accountant investigate?
a. Purchases of Businesses.
b. Valuation of divorce assets.
c. Calculation of lost profits.
d. All of the above.
What is an advantage of renting a judge during mediation or arbitration?
a.Speed of getting your case heard.
b.The decision is non-appeal able.
c.Rules and potential outcomes can be agreed upon beforehand.
d.All of the above.
SAS 99 charges the auditor with the responsibility:
a.For implementing internal controls after their audit.
b.To asses and document managements overly strict internal controls.
c.To assess and document managements overriding of internal controls.
d.Both A and B
Which of the following two are types of auditors?
a. External and Internal
b. Internal and Forensic
c. Forensic and International
d. External and Forensic
Your organizations coordinated activities and tasks that accomplish some organizational
goal are called:
a.an internal control.
b.a business practice.
c.a business sale.
d.a business process.
Which of the following is not one of the additional compliance guidelines?
a.Establishing a compliant corporate culture, beginning with top-level employees.
b.Establishing and maintaining effective whistleblower programs.
c.Conducting ongoing risk assessments to identify and prevent potential problems.
d.Coordination with industry analysts to ensure they have proper data.
An employee routinely throws excess raw materials in the dumpster outside the
business and then takes it home with him after hours. This is an example of:
a.Accounts receivable fraud.
b.Expenditure cycle fraud.
c.Custodial theft of money.
d.Production cycle fraud.
When an employee does not ring in a sale and simply pockets the cash, this is an
example of:
a.advanced sales skimming.
b.basic sales skimming.
c.short-change sales.
d.cash stolen in transmission.
Burglary, Embezzlement, Larceny, Robbery, Fraud and Extortion are which types of
crimes?
a.Federal Criminal Acts.
b.State Criminal Acts.
c.Constitutional Violations.
d.Common Law Crimes.
How many keyboard strokes are typically stored in the RAM?
a.256.
b.512.
c.760.
d.1024.
If you are a CPA and want to become credentialed by the National Association of
Certified Valuation Analysts (NACVA), which credential would you be issued?
a.Certified Valuation Analyst.
b.Accredited Valuation Analyst.
c.Certified Forensic Financial Analyst.
d.National Valuation Analyst.
An organizational internal control process that ensures confidentiality, integrity, and
availability within the company is called:
a.An information security deliverable.
b.An information security management system.
c.Enterprise risk management.
d.Planning-Doing-Checking-Acting.
If an investigator cannot contact the tipster for more information, then this information
was gathered:
a.With Confidentially and Anonymity not requested.
b. Confidentially.
c.Publicly.
d.Anonymously
If an interviewee is afraid to answer a specific reason for fear of retaliation, the
interviewer should:
a. Guarantee the interviewee that their name will not be associated with any
information.
b. Assure them that the information will be kept as quiet as possible.
c. Not force the interviewee to answer the question.
d. Treat the interviewee as a guilty party and charge them with accessory to the crime.
Which agency develops and controls www.consumer.gov/idtheft?
a.Federal Trade Commission.
b.Food and Drug Administration.
c.National Highway Transportation Safety Administration.
d.All of the above.
The fraud detection process involves:
a.Determining the level of crime involved as criminal or civil.
b.Identifying indicators of fraud that suggest a need for further investigation.
c.Identifying the GAAP that have been violated.
d.Assessing a loss value to the fraud.
What is Defalcation?
a.The ruling of a judge to restore the assets wrongfully taken to their rightful owner.
b.The act of conspiring to commit perjury.
c.The process of finding stolen assets through financial statement analysis.
d.The appropriation of assets for the benefit of those who do not rightfully deserve
them.
The ISO “Family” that promulgates information security standards are:
a.9000.
b.15000.
c.17000.
d.27000.
Which other crimes typically coexist with identity theft?
a.Check fraud.
b.Mortgage fraud.
c.Insurance fraud.
d.All of the above.
Offering a reward to customers if they don’t get a sales receipt is an example of a:
a.customer complaint.
b.sales audit.
c.customer audit.
d.security monitoring control.
One traditional approach for designing an AIS is to divide the major operational
activities into:
a.business units.
b.four transaction cycles.
c.audit groups.
d.all of the above.
When preparing for a trail, the fraud investigator’s report may be:
a. All that is needed for a solid case.
b.Just the beginning of evidence needed.
c. Resubmitted with a statement of guilt.
d. Suppressed during discovery.
Which of the following are levels of access security level within a corporation?
a.Unclassified, Shared, Company Only, Confidential.
b.Unclassified and classified.
c.Unclassified, Secret, Top Secret and Eyes Only.
d.Public, private and executive.
Describe how a forensic accountant would employ his or her skills?
Which of the following is not a criteria for being qualified as an expert witness?
a.Education, including degrees, specialized training, and professional certifications.
b.Recognized by both the prosecution and defense as an expert in their field.
c.Experience in the subject area of testimony.
d.Publications: books, proceedings, technical papers, and so on.
How is defalcation different from misrepresentation?
Which mediation style does the mediator actively express opinions about the facts of
the case and the reasonableness of the participants’ negotiating positions?
a.Facilitative.
b.Evaluative.
c.Participative.
d.Arbitrational.
What are some examples of security measures within an AIS?
What are the general requirements that business appraisers strive for?
a.Consistency.
b.Defensibility.
c.Goodwill.
d.Suitability for purpose.
In what year was the Securities and Exchange Commission formed?
a.1928.
b.1933.
c.1942.
d.2002.
What do the courts call objective manifestations of fraudulent intent?
a.Malice.
b.Foresight.
c.Badges.
d.Intent.
How can body behavior lead to clues about the truthfulness of a suspect?
a.If a suspect begins to sweat, they are hiding something.
b.If a suspect cannot make eye contact, they are lying.
c.If their body language changes during questioning, they are hiding something.
d.All of the above.
What is financial statement fraud and what are its three elements?
What is materiality and why is it important to auditors?
How does a Benford analysis work?
What are some rationalizations for an employee being fraudulent?
Who is Usama bin Laden?
a.The United States installed temporary president of Afghanistan.
b.The founder of al Qaeda.
c.The current president of Iraq.
d.The head of OPEC.
The difference between civil and criminal law violations is that criminal cases will
involve:
a.The violation of a Statute.
b.The violation of the U.S. Constitution.
c.The use of an attorney.
d.Plea agreements.