If a decision from a U.S. District Court is to be appealed, it will be heard in the:
a.U.S. Supreme Court.
b.State Supreme Court.
c.U.S. Circuit Courts of Appeal.
d.State Circuit Courts of Appeal.
The general plan of organization for data processing should include:
a.general controls.
b.transaction processing controls.
c.segregation of duties.
d.all of the above.
The U.S. Constitution contains how many amendments?
a.12.
b.14.
c.24.
d.27.
How can a company prevent data theft?
a.By restricting access to only employees that need the data..
b.By limiting the e-mailing capabilities of employees to only certain file types.
c.Through effective management oversight of employee activity.
d.All of the above.
How was the Russian Organized Crime syndicate originally formed?
a.Through the KGB.
b.By Russian prison bosses.
c.Through the Russian Military.
d.By the LCN infiltrating Moscow.
The 1987 Report of the National Commission on Fraudulent Financial Reports major
overtone was:
a.To urge subordinate workers to blow the whistle on corrupt acts within their
corporations.
b.The implementation of harsher sentences upon guilty corporations.
c.Establishing the right tone at the top (the corporate culture, including an ethics code).
d.Increasing the SEC’s power.
Which of the following is one of the most dangerous implications of SOX?
a.That the CEO and CFO must sign quarterly and annual reports.
b.That the SEC has the power to influence the senior management of corporations.
c.That rules set forth in SOX lesson the internal control environment of all corporations.
d.That the senior management and board of directors can be held liable for subordinates
fraudulent actions.
Paper documents, surface impressions on paper documents, and other types of surface
impressions such as shoeprints and tire-tread impressions are known as:
a.Potential evidence.
b.Forensic data.
c.Questioned documents.
d.Criminalist functional areas.
Which of the following are some ways that a forensic accountant can play a role in out
of court settlements?
a.Mediator.
b.Arbitrator.
c.Expert Consultant/Witness.
d.All of the above.
Hearsay evidence may be used during:
a.If the defendant is pleading guilty.
b.During the trail if the defendant waives their right to hearsay evidence.
c.During a preliminary hearing.
d.None of the above.
The golden rule of separation of duties is:
a.that management should never, even temporarily, have control over the employee
payroll process.
b.that management should never, as a group, have input on the audit committee.
c.that the accounting staff should never have even temporary control over operational
resources.
d.defined in the Generally Accepted Accounting Principles and further refined in
several FASB statements.
Who assists with education, standardization and education of business appraisers?
a.SEC.
b.DOJ.
c.IRS.
d.Independent organizations.
The reporting process involves:
a. Video recording and summarizing the results of the fraud investigation.
b. Documenting and summarizing the results of the civil litigation.
c.Documenting and summarizing the results of the fraud investigation.
d. A formal out brief to the Executives of the Corporation outlining the fraud
discovered.
Financial reporting as defined by both U.S. and international standards is moving away
from:
a.Replacement cost valuating on the balance sheet.
b.Fair value reporting on the balance sheet.
c.Historical-cost reporting on the balance sheet.
d.Book value reporting on the balance sheet.
Internal controls must provide a __________assurance that they achieve their
objectives.
a.perfect.
b.reasonable.
c.guaranteed.
d.limited.
Which of the following is not a commonly committed fraud during bankruptcy
proceedings?
a.Conceals property from the bankruptcy proceedings.
b.Gives, offers, receives, or attempts to obtain money, property, reward or advantage for
acting or forbearing to act in a bankruptcy case.
c.Withholds documents related to the debtor’s property or financial affairs from the
standing trustee or other officer of the court.
d.All of the above are commonly committed frauds.
Lie detector tests are typically not accepted by courts because they tend to measure:
a.Brain activity.
b.Subjective truth.
c.Objective evidence.
d.Stress.
If a businesses assets are going to be valued with no synergistic possibility, then it is
assumed:
a.That they are going to be broken into pieces and sold separately outside the business.
b.They are going to be sold as a group outside the business.
c.They are going to be sold at their salvage value.
d.They are going to be sold as a group inside of the businesses.
Who can become a fraud investigator within a company and what is their engagement
process?
Which of the following is not a layer of data protection?
a.Network layer.
b.Internal control layer.
c.Application layer.
d.Database layer.
The Internal Revenue Code is contained within which title of the U.S. Code?
a.22nd.
b.24th.
c.26th.
d.28th.
If a taxpayer fails to file their taxes, what is the penalty?
a.Fifteen percent per month unless the failure to file is fraudulent in which case the
penalty is twenty percent per month.
b.Five percent per month unless the failure to file is fraudulent in which case the
penalty is fifteen percent per month.
c.05% per month unless it is proven to be fraudulent, in which case the penalty is .50%
per month.
d.$25 flat fee penalty per month.
The Foreign Corrupt Practices Act is applicable to whom?
a.United States Congressmen.
b.U.S. Corporations who do businesses in other country.
c.Any corporation.
d.All of the above.
In most cases, the penalties of monetary damages or equitable relief are awarded in
which type of case?
a.Civil.
b.Criminal.
c.Grand Jury.
d.Disposition.
While considering reverse proof, what are four standards of defense that a fraudster
may counter charges with?
What is the expert witnesses major exception under testimony rules?
a.They are fact witnesses.
b.They are hearsay witnesses.
c.They are personal knowledge witnesses.
d.They are friends of the prosecution witnesses.
Which of the following type of records can typically only be access by law
enforcement?
a. Commercial Databases
b. Motor Vehicle Identification Number
c. Dealership vehicle records
d. UCC Filings
What is the fraud theory approach and provide an example of using it.
What is the main goal of labor racketeering?
If a trial will be held in the federal court system, and subsequently appealed, explain the
types and names of the courts your case will be heard in.
Where do some terrorist organizations base their operations?
a.Local government buildings.
b.Banks.
c.Houses of worship such as Mosques.
d.All of the above.
Why should an employee not be fired prior to the investigators report being finalized or
even court proceedings complete?