Questions from Fraud Examination

Q: 1. When hiring, it is usually difficult to know which

1. When hiring, it is usually difficult to know which employees are capable of committing fraud, especially without performing thorough background checks. 2. The three elements of the fraud triangle...

Q: 1. Concealment is the covering of tracks, obscuring of evidence

1. Concealment is the covering of tracks, obscuring of evidence, and removal of red nags to hide a perpetrator's fraud. 2. Checks are excellent sources of physical evidence. 3. Traditional chain o...

Q: 1. As long as a sample is selected randomly, it

1. As long as a sample is selected randomly, it will always be representative of the population as a whole. 2. Even if photocopies of original documents are allowed to be introduced as evidence in a...

Q: 1. Analytical anomalies are present in every fraud.

1. Analytical anomalies are present in every fraud. 2. Recording an expense is a possible way to conceal the theft of cash. 3. A check is an example of a source document. 4. Internal control wea...

Q: 9. First-time offenders usually exhibit no psychological changes.

9. First-time offenders usually exhibit no psychological changes. 10. Psychopaths feel no guilt because they have no conscience. 11. It is safe to assume that fraud has not occurred if one or more...

Q: 1. The most effective way to reduce losses from fraud is

1. The most effective way to reduce losses from fraud is: a. Detecting fraud early. b. Implementing proactive fraud detection programs. c. Preventing fraud from occurring. d. Severely punishing fr...

Q: 17. Most people who commit fraud feel a perceived financial pressure

17. Most people who commit fraud feel a perceived financial pressure. 18. Studies have found that the most common internal control problem when frauds occur is having a lack of proper authorizations....

Q: 1. Even with the right opportunity or significant pressure, most

1. Even with the right opportunity or significant pressure, most people would probably not steal or embezzle. 2. Studies show that a positive and honest work culture in a company does little to prev...

Q: 1. Even a good system of internal controls will often not

1. Even a good system of internal controls will often not be completely effective because of fallibilities of the people applying and enforcing the controls. 2. The increasingly complex nature of bu...

Q: 1. Unusual patterns always indicate the existence of fraud.

1. Unusual patterns always indicate the existence of fraud. 2. ODBC is the best approach to import because it achieves a direct, rich connection to the source database. 3. Data-driven analysis use...