Questions from Fraud Examination

Q: Psychopaths feel no guilt because they have no conscience.

Psychopaths feel no guilt because they have no conscience.

Q: It is safe to assume that fraud has not occurred if one

It is safe to assume that fraud has not occurred if one or more elements of the fraud triangle cannot be observed.

Q: Conversion is the third element of the fraud investigation triangle.

Conversion is the third element of the fraud investigation triangle.

Q: The three elements of a typical fraud consist of concealment, conversion

The three elements of a typical fraud consist of concealment, conversion, and completion.

Q: Auditors can best help detect fraud at the conversion stage.

Auditors can best help detect fraud at the conversion stage.

Q: Some complaints and tips turn out to be unjustified.

Some complaints and tips turn out to be unjustified.

Q: Recording an expense is a possible way to conceal the theft of

Recording an expense is a possible way to conceal the theft of cash.

Q: A check is an example of a source document.

A check is an example of a source document.

Q: Internal control weaknesses give employees opportunities to commit fraud.

Internal control weaknesses give employees opportunities to commit fraud.

Q: The internal control system of an organization is comprised of the control

The internal control system of an organization is comprised of the control environment, the accounting system, and control procedures (activities).