Which of the following is an example of referent power?
a. Fear that you may lose your job.
b. Your friend asks you to do a special favor for him...
Which of the following is an example of legitimate power?
Which of the following is an example of legitimate power?
a. The offer of valuable stock options.
b. A decision to participate in fraud based...
Which of the following is not an element of most frauds?
Which of the following is not an element of most frauds?
a. Taking the assets.
b. Concealment.
c. Breaking and entering.
d. Conversion.
Answer:...
Which of the following is not a way that management can establish a good control environment?
Which of the following is not a way that management can establish a good control environment?
a. Having a clear organizational structure.
b. Proper...
Which of the following is not a common vice that motivates people to commit fraud?
Which of the following is not a common vice that motivates people to commit fraud?
a. Gambling.
b. Drugs.
c. Expensive extramarital relationships.
d....
Which of the following is not a control activity (procedure)?
Which of the following is not a control activity (procedure)?
a. System of authorizations.
b. Appropriate hiring procedures.
c. Independent checks.
d....
On what element of the fraud triangle do most fraud-fighters usually focus all or most of their preventive efforts?
On what element of the fraud triangle do most fraud-fighters usually focus all or most of their preventive efforts?
a. Perceived pressure.
b. Perceived...
It is the ___ and ____ of existing controls, not the of _______controls, that allows most frauds to be perpetrated.
It is the ___ and ____ of existing controls, not the of _______controls, that allows most frauds to be perpetrated.
a. Existence, use, lack.
b. Lack,...
Which of the following is not a primary control procedure?
Which of the following is not a primary control procedure?
a. Use of documents and records to create an audit trail.
b. Independent checks.
c. Decreasing...
Which of the following kinds of pressure is most often associated with fraud?
Which of the following kinds of pressure is most often associated with fraud?
a. Work-related pressure.
b. Financial pressure.
c. Vice pressure.
d....
How frequently do most people rationalize?
How frequently do most people rationalize?
a. Often.
b. Sometimes.
c. Rarely.
d. Never.
Answer: ...
Who generally has the highest risk of becoming a fraud victim?
Who generally has the highest risk of becoming a fraud victim?
a. Businessperson.
b. Older, less educated people.
c. College students.
d. None of...
Which of the following noncontrol factors provides opportunities for fraud?
Which of the following noncontrol factors provides opportunities for fraud?
a. Inability to judge the quality of performance.
b. Lack of access to...
Which of the following is not one of the three elements of the control system of an organization?
Which of the following is not one of the three elements of the control system of an organization?
a. The control environment.
b. The accounting system.
c....
Opportunity involves:
Opportunity involves:
a. Opportunity to conceal fraud.
b. Opportunity to avoid being punished for fraud.
c. Opportunity to commit fraud.
d. All of...
Which of the following is not a common type of fraud pressure?
Which of the following is not a common type of fraud pressure?
a. Vices.
b. Work-related pressures.
c. Financial pressures.
d. Pressure to outsmart...
If pressures and opportunities are high and personal integrity is low, the chance of fraud is:
If pressures and opportunities are high and personal integrity is low, the chance of fraud is:
a. High.
b. Medium.
c. Low.
d. Very low.
Answer:...
Which of the following is a common perceived pressure?
Which of the following is a common perceived pressure?
a. The ability to outsmart others.
b. Opportunity to cheat others.
c. A financial need.
d....
Which of the following is not one of the three elements of fraud?
Which of the following is not one of the three elements of fraud?
a. Perceived pressure.
b. Perceived opportunity.
c. Rationalization.
d. Intelligence
Answer:...
Fraud perpetrators:
Fraud perpetrators:
a. Look like other criminals.
b. Have profiles that look like most honest people.
c. Are usually very young.
d. Are none of the...
Known income subtracted from total income gives a reasonable estimate of:
Known income subtracted from total income gives a reasonable estimate of:
A. Unknown funds
B. Liabilities
C. Living expenses
D. Net worth
Answer:...
Under the net worth method, a person who has an increase in net with of $100,000, known expenses of $80,000, and a salary of $60,000, would have an unknown income of:
Under the net worth method, a person who has an increase in net with of $100,000, known expenses of $80,000, and a salary of $60,000, would have an...
Each of these statements is true about the net worth method for determining embezzled amounts except:
Each of these statements is true about the net worth method for determining embezzled amounts except:
A. The net worth method generally understates...
Each of these agencies is correctly matched with the type of information the agency provides except:
Each of these agencies is correctly matched with the type of information the agency provides except:
A. Department of Justice: Maintains records...
The Gramm-Leach-Bliley Act allows:
The Gramm-Leach-Bliley Act allows:
A. Banks to sell customer information
B. Financial institutions to share information
C. customers to "opt...
The formula to calculate funds from unknown sources is:
The formula to calculate funds from unknown sources is:
A. Assets-Liabilities-Prior Year's Net Worth+Living Expenses-Funds from Known Sources
B....
The net worth method is a calculation based on a person's:
The net worth method is a calculation based on a person's:
A. Assets, liabilities, equity, and living expenses
B. Assets, liabilities, equity,...
Which source could be used to access valuable financial information in a fraud investigation?
Which source could be used to access valuable financial information in a fraud investigation?
A Financial institutions
B. Internet sites
C....
Which are usually some of the best and most helpful federal fraud investigators?
Which are usually some of the best and most helpful federal fraud investigators?
A. Officers of the Secret Service
B. Employees of the Bureau of Prisons
C....
A database of criminal records maintained by the FBI is:
A database of criminal records maintained by the FBI is:
A. The CIA
B. The III
C. The NCIC
D. Both A and C
E. Both B and C
Answer:...
Most conversion investigations involve searching public records and other sources to trace:
Most conversion investigations involve searching public records and other sources to trace:
A. Purchases of assets
B. Payments of liabilities
C....
Which of the following is a possible use of conversion-based investigation techniques?
Which of the following is a possible use of conversion-based investigation techniques?
A. Searching public records to trace purchases of assets...
Conversion investigations focus on how suspects:
Conversion investigations focus on how suspects:
A. Had opportunities to steal
B. Had motives to commit fraud
C. Spent stolen money
D. Committed...
The net worth method is effective:
The net worth method is effective:
A. As evidence in court
B. To help obtain a confession
C. To conduct an interview of suspects
D. All of the...
Which of the following laws regulates the activities of credit, insurance, and employment investigations?
Which of the following laws regulates the activities of credit, insurance, and employment investigations?
A. Fair Investigation Act of 1980
B....
How useful are local and county records in fraud investigations?
How useful are local and county records in fraud investigations?
A. Very useful
B. Not useful
C. Somewhat useful
D. Aren't allowed in the investigation...
Which of the following organizations maintain public information that can be accessed in record searches
Which of the following organizations maintain public information that can be accessed in record searches
A. Local agencies
B. State agencies
C...
The net worth method of analyzing financial information can help to determine:
The net worth method of analyzing financial information can help to determine:
A. The suspect's feelings about the organization
B. Possible...
Evidence gathered from public records can be useful in:
Evidence gathered from public records can be useful in:
A. Identifying with the suspect.
B. Obtaining a confession
C. Making the suspect feel...
Although most perpetrators begin their thefts because of a perceived critical need, they usually continue to embezzle in order to:
Although most perpetrators begin their thefts because of a perceived critical need, they usually continue to embezzle in order to:
A. Beat the...
Which of the following is not true regarding the ACFE.
Which of the following is not true regarding the ACFE.
a. It is the largest anti fraud organization in the world.
b. It has roughly 12,000 members...
Which of the following is required to become a CFE?
Which of the following is required to become a CFE?
a. An individual must commit to abide by a strict code of professional conduct and ethics.
b....
"Deceptive manipulation of financial statements" describes which kind of fraud?
"Deceptive manipulation of financial statements" describes which kind of fraud?
A. Management fraud
B. Criminal fraud
C. Stock market fraud
D. Bookkeeping...
Which of the following is not an example of vendor fraud?
Which of the following is not an example of vendor fraud?
A. A vendor overcharges for a contracting job which it completed on time
B. A vendor bills...
Which of the following is not an example of employee embezzlement?
Which of the following is not an example of employee embezzlement?
A. Land conservation employees stealing chain saws
B. Checkout cashiers stealing...
Fraud fighting includes what type of careers?
Fraud fighting includes what type of careers?
A. Professors
B. Lawyers
C. CPA firs
D. All of the above
Answer: ...
Civil law performs which of the following functions?
Civil law performs which of the following functions?
A. Remedy for violation of private rights
B. Remedy for violations against society as...
Which of the following is not a form of vendor fraud?
Which of the following is not a form of vendor fraud?
A. Overcharge for purchased goods
B. Shipment of inferior goods
C. Non Shipment of goods...
Which of the following is not a fraud type?
Which of the following is not a fraud type?
A. Direct employee embezzlement
B. Indirect employee embezzlement
C. Supervisor fraud
D. Investment...
Which of the following characters is least likely to be involved in a fraud?
Which of the following characters is least likely to be involved in a fraud?
A. Middle-aged person who has a middle management position
B....
What is the most important element in successful fraud schemes?
What is the most important element in successful fraud schemes?
A. Promised benefits
B. Confidence in the perpetrator
C. Profitable activities
D....
What is the best way to minimize fraud within an organization?
What is the best way to minimize fraud within an organization?
A. Detection of fraud
B. Investigation of fraudulent behavior
C. Prevention activities
D....
Which of the following is not an element of fraud?
Which of the following is not an element of fraud?
A. False representation
B. Accidental behavior
C. Damage to a victim
D. Intentional or reckless...
Which of the following statements is true?
Which of the following statements is true?
A. Bank robberies are more costly than frauds
B. Fraud is often labeled the fastest growing crime
C....
Which of the following is not a reliable resource for fraud statistics?
Which of the following is not a reliable resource for fraud statistics?
A. FBI agencies
B. Health agencies
C. Insurance organizations
D. Fraud...
Studying fraud will help you to:
Studying fraud will help you to:
A. Learn evidence-gathering skills
B. Avoid high-risk and fraudulent activities
C. Learn valuable interviewing...
Future careers in fraud will most likely be:
Future careers in fraud will most likely be:
A. In low demand
B. In about the same demand as now
C. Low paying
D. In higher demand and financially...
Which of the following is not true of civil fraud?
Which of the following is not true of civil fraud?
A. It usually begins when one party files a complaint.
B. The purpose is to compensate for...
Investment scams most often include:
Investment scams most often include:
A. An action by top management against employees.
B. Worthless investments or assets sold to unsuspecting...
Corporate employee fraud fighters:
Corporate employee fraud fighters:
A. Work as postal inspectors and law enforcement officials.
B. Prevent, detect, and investigate fraud within...
"The use of one's occupation for persona enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets" is the definition of which of the following types of fraud?
"The use of one's occupation for persona enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets"...
People who commit fraud are usually:
People who commit fraud are usually:
A. New employees
B. Not well groomed and have long hair and tattoos.
C. People with strong personalities
D....
Fraud is considered to be:
Fraud is considered to be:
A. A serious problem that continues to grow.
B. A problem felt by a few individuals, but not by most people.
C. A...
Which of the following is not an important element of fraud?
Which of the following is not an important element of fraud?
A. Confidence
B. Deception
C. Trickery
D. Intelligence
Answer: ...
Why does fraud seem to be increasing at such an alarming rate?
Why does fraud seem to be increasing at such an alarming rate?
A. Computers, the Internet, and technology make fraud easier to commit and cover...
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