1) An employee intercepts a legitimate check made payable to a vendor and changes the
payee name to his name. This is an example of a forged maker.
2) A pass-through scheme requires the use of a legitimate vendor.
3) When fraudsters collude, the losses to the victim organization increase more than
fourfold.
4) A scientist has two buckets, one holds four gallons and the other holds five gallons.
In addition, the scientist also has an unlimited water supply. By using nothing but the
buckets and water, how can the scientist accurately measure three gallons of water?
5) When may an experts opinion be subject to challenge?
6) How may lost profits be calculated using typical benchmarks?
7) Parking involves hiding ownership interest so as to avoid reporting requirements.
8) A proactive computer audit test to detect when a company has over-purchased
inventory, which could be a sign of a purchasing manager who may be receiving illegal
gratuities from a supplier would not include:
M.Calculate inventory turnover by individual item
N.Examine individual inventory items for potential obsolescence
O.Calculate receivables turnover by customer
P.Extract all part greater than zero in cost that have had usage in the current year
9) In order to be successful, a fraudulent scheme must intercept checks before they are
signed.