Questions from Fraud Examination

Q: What are the differences between errors and fraud?

What are the differences between errors and fraud?

Q: What are the risks of sampling when searching for fraud?

What are the risks of sampling when searching for fraud?

Q: What are the advantages of using data analysis software to detect fraud

What are the advantages of using data analysis software to detect fraud in a data-driven approach?

Q: What are the advantages of using statistical analysis to detect fraud?

What are the advantages of using statistical analysis to detect fraud?

Q: What are the disadvantages of statistical analysis?

What are the disadvantages of statistical analysis?

Q: What is Benford's Law?

What is Benford's Law?

Q: List and describe the steps of the data-driven fraud-

List and describe the steps of the data-driven fraud-detection approach.

Q: A fraud may be perpetrated through an unintentional mistake.

A fraud may be perpetrated through an unintentional mistake.

Q: How can fraud be detected by analyzing financial statements?

How can fraud be detected by analyzing financial statements?

Q: How are theft investigative methods used to investigate suspected fraud?

How are theft investigative methods used to investigate suspected fraud?