1) In very few cases will a company fall under the purview of more than one set of
regulations or taxing authorities influences.
2) Provide an example of the following:
Bank analysis method:
3) A proactive computer audit test to detect when inventory prices may be higher than
normal as part of a fraud scheme would not include:
M.Identify a retail price less than the inventory price
N.Examine the gross margin by inventory item for smaller-than-normal gross margins
O.Examine the competitive bidding process for each inventory item to determine if the
low bidder has been awarded contracts consistently
P.Examine accounts receivable turnover by customer
4) What is a fail safe way to eliminate fraud in the workplace?
M.Pay people competitive salaries
N.Mandate annual financial disclosure for all employees
O.Strong internal controls
P.Eliminate people
5) Far off in the woods, there is a cabin. The cabin contains three people. Two are in
one room; the other is alone in another room. All doors to the cabin are locked tight and
have not been opened. All three people are dead. There was no sign of violence in this
cabin. How did they die?
6) Identify from Cresseys research the six situational categories that cause
non-shareable problems.