SOX dramatically increased sentences for violators of the law. Discuss some of these
penalties.
Describe the phishing process.
Compare and contrast Affirmative indications and Affirmative acts.
__________ are used when third parties (persons other than the client) have knowledge
of some aspect of a financial or non-financial matter and can be asked to provide this
information.
a.Confirmations
b. Engagement Letters
c. Subpoenas
d. Grand Juries
What is one of the primary differences between a Financial Statement auditor and a
Forensic Accountant?
a.Financial statement auditors are likely to follow leads suggested by immaterial items
whereas Forensic Accountants often must restrict their efforts to searching for material
misstatements.
b.Forensic Accountants are likely to follow leads suggested by immaterial items
whereas financial statement auditors often must restrict their efforts to searching for
material misstatements.
c.Forensic Accountants must focus on specific legal areas that produce fraud charges
under the courts of law whereas financial statement auditors focus their attention on the
Generally Accepted Accounting Principles.
d.Forensic Accountants are likely to ask individuals to fix discrepancies found in
financial statements whereas financial statement auditors will fail a corporations
financial statement certification, therefore having repercussions with the SEC.
Why would an interviewer use the mirroring technique?
a. To display friendliness to the interviewee and encourage them to open up.
b. To make a mockery of the interviewee and encourage them to make an excited
utterance.
c. To keep the interviewee’s attention on the interviewer and his questions.
d. To subliminally let the interviewee know who is in charge of the situation.
In terms of catching employee fraud, what is the most important concept and how can it
assist in catching employees actions?
How can individuals repair their credit if it has been stolen by thieves?
a.Hire an attorney.
b.Contact their local representative to the U.S. Congress.
c.Hire one of many private agencies that specialize in identity theft repair.
d.All of the above.
In terms of application controls, what does accuracy refer to?
How does Cache Storage work inside of a computer?
a.It is the high speed temporary are that the computer uses to process data.
b.It is the long term larger memory area of the computers.
c.It is a group of temporary files that the computer uses to help swap data from the
RAM into the mass storage area.
d.It is the area of the computer that lets the system know what it’s systems are when it is
booting up.
Which of the following is an example of improper accounting treatment?
a.Transfers of goods from related companies might be improperly recorded as sales.
b.Sham transactions and legitimate transactions that are not properly recorded.
c.Transactions can be intentionally misprocessed in order to produce fraudulent account
balances.
d.All of the above.
How many Muslims currently live in Europe?
a.10 million.
b.20 million.
c.30 million.
d.40 million.
How do encrypted files store temporary data in memory?
a.In an encrypted format.
b.In an unencrypted format.
c.Encrypted files do not use temporary memory.
d.Encrypted files use a special encrypted memory chip.
What is the fraud investigators primary responsibility?
a. Collecting basic evidence
b. Proving that fraud exists
c. Providing reverse proof
d.Liaising with law enforcement
Describe at least 3 of the 6 levels of the fair value hierarchy as defined by the Financial
Accounting Standards Board’s Fair Value Project.
Who is/are the International Standard Organization (ISO)?
a.A group of Forensic Accountants who develop internal control standards.
b.A membership organization for Information Security Managers.
c.An international group that promulgates standards relating to business processes.
d.A U.S. Governmental organization similar to the SEC that regulates computer fraud
and information security.
Discuss various applications of alternative dispute resolution techniques.
List at least four document indicators for fraud.
The Institute of Business Appraisers offers which certification?
a.CPA.
b.CBA.
c.AICPA.
d.EA.
The Internet False Identification Prevention Act of 2000 made it illegal to do what and
what is the penalty for doing it?