Questions from Fraud Examination

Q: Analytical fraud symptoms are the least effective way to detect fraud.

Analytical fraud symptoms are the least effective way to detect fraud.

Q: Most people who commit fraud use the embezzled funds to save for

Most people who commit fraud use the embezzled funds to save for retirement.

Q: As fraud perpetrators become more confident in their fraud schemes, they

As fraud perpetrators become more confident in their fraud schemes, they usually steal and spend increasingly larger amounts.

Q: The Gramm-Leach-Bliley Act of 1999 made it more

The Gramm-Leach-Bliley Act of 1999 made it more difficult for officials and private citizens to access information from financial institutions.

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

First-time offenders usually exhibit no psychological changes.

Q: Unusual patterns always indicate the existence of fraud.

Unusual patterns always indicate the existence of fraud.

Q: Balance sheets must be converted to change statements before they can be

Balance sheets must be converted to change statements before they can be used in detecting fraud.

Q: Vertical analysis is a more direct method than horizontal analysis in focusing

Vertical analysis is a more direct method than horizontal analysis in focusing on changes in financial statements from one period to another.

Q: Vertical analysis is a useful detection technique because percentages are easily understood

Vertical analysis is a useful detection technique because percentages are easily understood.

Q: The z-score calculation is the best way to stratify data

The z-score calculation is the best way to stratify data.