Questions from Fraud Examination

Q: Danny has been working at Gant Automobile for two years. He

Danny has been working at Gant Automobile for two years. He feels forttmate to have held his job for so long, considering his past, which involved being fired for fraudulent activities in two differen...

Q: Mary is the owner of a small flower shop. With only

Mary is the owner of a small flower shop. With only 12 employees, the environment is one of trust. Mary personally knows each employee, and most have worked at the shop since its opening. Although few...

Q: Robert was the chief teller in a large New York bank.

Robert was the chief teller in a large New York bank. Over a period of three years, he embezzled $1.5 million. He took the money by manipulating dormant accounts. Unfortunately, Robert was both respon...

Q: Cal Smith Jr. is the night manager at a local doughnut

Cal Smith Jr. is the night manager at a local doughnut shop that is doing very well. The shop sells doughnuts seven days a week, 24 hours a day. Cal runs the graveyard shift by himself because none of...

Q: John Adams is the manager at a local store. The store

John Adams is the manager at a local store. The store opened four years ago and has been doing very well. With current business growing, John decided to hire Peter O'Riley to work as an accountant. Wh...

Q: Consider the three aspects of the fraud motivation triangle. If you

Consider the three aspects of the fraud motivation triangle. If you were hired by the board of directors to tell them what they could do to prevent fraud, what general activities would you tell them t...

Q: A “Big 4” accounting firm was auditing a limited real

A “Big 4” accounting firm was auditing a limited real estate partnership that had three general partners (all brothers) and 2,000 limited partners. The limited partnership owned real property that was...

Q: James Davis owns a small Internet service provider business. Recently,

James Davis owns a small Internet service provider business. Recently, customers have been complaining that they are overcharged and are not receiving timely customer service. Billing rates seem to in...

Q: Joan Longhurst, along with three of her best friends, started

Joan Longhurst, along with three of her best friends, started her own ranching operation in Hawaii. The business began with two bulls and 20 heifers. After their first year, the partners were turning...

Q: The text states that tips and complaints are not evidence of actual

The text states that tips and complaints are not evidence of actual fraud but instead should only be considered fraud symptoms. Do you agree with this statement? Why?