Questions from Fraud Examination

Q: You are having lunch with another student. During the course of

You are having lunch with another student. During the course of your conversation, you tell your friend about your new fraud examination class. After you explain the devastating impact of fraud on bus...

Q: For each of the following examples, identify whether the fraud is

For each of the following examples, identify whether the fraud is employee embezzlement, management fraud, investment scam, vendor fraud, customer fraud, or miscellaneous fraud 1. Marcus bought a $70...

Q: Fellow students in your fraud examination class are having a hard time

Fellow students in your fraud examination class are having a hard time understanding why statistics on fraud are so difficult to obtain. What would you say to enlighten them?

Q: You're telling your boyfriend about your classes for the new semester.

You're telling your boyfriend about your classes for the new semester. He is very interested and intrigued by the idea of becoming a fraud detective, but wants to know whether fraud detectives will ha...

Q: A bookkeeper in a $3 million retail company had earned the

A bookkeeper in a $3 million retail company had earned the trust of her supervisor, so various functions normally reserved for management were assigned to her, including the authority to authorize and...

Q: Most people agree that fraud-related careers will be in demand

Most people agree that fraud-related careers will be in demand in the future.

Q: You are a new summer intern working for a major professional services

You are a new summer intern working for a major professional services firm. During your lunch break each day, you and a fellow intern Bob eat at a local sandwich shop. One day, Bob's girlfriend joins...

Q: After receiving an anonymous note indicating fraudulent activities in the company,

After receiving an anonymous note indicating fraudulent activities in the company, XYZ Company officials discover that an employee has embezzled a total of $50,000 over the past year. Unfortunately, t...

Q: Your friend John works for an insurance company. John holds a

Your friend John works for an insurance company. John holds a business degree and has been involved in the insurance business for many years. In a recent conversation, John shares some company informa...

Q: As an auditor, you have discovered the following problems with the

As an auditor, you have discovered the following problems with the accounting system of Jefferson Retailers. For each of the following occurrences, tell which of the five internal control activities o...