1) If a check is made payable to cash, detection of the fraudster is made more difficult.
2) The element of proximate cause for negligence means the plaintiff must establish that
damages resulted from the defendants breach of duty.
3) Ghost employees are usually paid in cash.
4) What types of abuses may occur at the pre-solicitation stage of the bidding process?
5) List four steps to reduce the opportunity to commit financial statement fraud.
6) ________ may be defined as the offering, giving, receiving, or soliciting anything of
value to influence an official act.
M.Bribery
N.Conflicts of interest
O.Economic extortion
P.Illegal gratuities
7) Fixed assets are subject to manipulation through several schemes. Which of the
following is NOT such a scheme?
Q.Booking fictitious assets
R.Misrepresenting asset valuation
S.Improperly capitalizing inventory and startup costs
T.Booking at historical cost