Questions from Fraud Examination

Q: 1. Data-driven fraud detection can pay large dividends and

1. Data-driven fraud detection can pay large dividends and is an effective way to reduce the cost of fraud in any organization. 2. Unexplained changes are common in financial statements. 3. Balanc...

Q: 1. In a fraud investigation, documents: a.

1. In a fraud investigation, documents: a. Usually contain extremely valuable information. b. Are rarely used in court. c. Are not reliable sources of information. d. Are only valuable in obtaining...

Q: 1. Usually, for everyone involved-especially victims-the

1. Usually, for everyone involved-especially victims-the investigation of fraud is very: a. Pleasant and relaxing. b. Educational. c. Exciting. d. Traumatic and difficult. 2. To prevent fraud fr...

Q: 1. Which of the four types of evidence includes interrogation and

1. Which of the four types of evidence includes interrogation and honesty testing? a. Testimonial. b. Documentary. c. Physical. d. Personal observation. 2. The three elements present in most cas...

Q: 1. Once fraud has been committed, there are no winners

1. Once fraud has been committed, there are no winners. 2. Fraud prevention involves two fundamental activities: (1) a hotline for tips and (2) assessing the risk of fraud and developing concrete re...

Q: 1. Which of the following is true regarding fraud?

1. Which of the following is true regarding fraud? a. It is easily identified. b. It is seldom observed. c. When a fraud occurs, there is no question whether or not a crime has been committed. d....

Q: 1. Perpetrators usually save what they steal. 2

1. Perpetrators usually save what they steal. 2. One common investigation procedure determines how perpetrators convert or spend their time. 3. Investigations of perpetrators' net worth and lifest...

Q: 1. For various reasons, the net worth method tends to

1. For various reasons, the net worth method tends to be a conservative estimate of amounts stolen. 2. Conversion is the third element of the fraud investigation triangle. 3. The Gramm-Leach-Blile...

Q: 1. Most fraud cases are tried in federal courts.

1. Most fraud cases are tried in federal courts. 2. State courts hear bankruptcy cases. 3. Civil cases must consist of a jury of at least six jurors. 4. The prosecution usually prefers to present e...

Q: 1. Assets most often improperly capitalized are fixed assets such as

1. Assets most often improperly capitalized are fixed assets such as property or equipment. 2. Financial statement fraud involving footnote disclosures can be either frauds of omission or frauds of...