Questions from Fraud Examination

Q: You are the new controller of a major U.S.

You are the new controller of a major U.S. manufacturing firm. In your previous employment, you detected multiple varieties of fraud. The CFO of your new company informs you that top management is con...

Q: Discount Plus Company has been concerned for some time about its cash

Discount Plus Company has been concerned for some time about its cash flows. Since the company began five years ago, Discount's business has increased steadily, yet cash flows have remained virtually...

Q: An excerpt from the Fourth Amendment reads: "The right of

An excerpt from the Fourth Amendment reads: "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and...

Q: Sampling is the bread and butter of a significant portion of audit

Sampling is the bread and butter of a significant portion of audit work. As a team (or as a class), list several of the most common audit techniques as well as fraud investigation methods. For example...

Q: Green Grass is a small, family-operated company whose core

Green Grass is a small, family-operated company whose core service is in horticultural care and lawn care for customers in the local city. The owner of the company is the father of the family. He has...

Q: Fraud involves using physical force to take something from someone.

Fraud involves using physical force to take something from someone.

Q: James Watkins, an ambitious 22-year-old, started

James Watkins, an ambitious 22-year-old, started an entertainment business called Best Club after he graduated from California State University. Best Club initially was a business failure because Jame...

Q: Johnson Manufacturing, a diversified manufacturer, has seven divisions that operate

Johnson Manufacturing, a diversified manufacturer, has seven divisions that operate in the United States, Mexico, and Canada. Johnson Manufacturing has historically allowed its divisions to operate in...

Q: The following describes an actual investment fraud that occurred. Mr.

The following describes an actual investment fraud that occurred. Mr. Armstrong stands accused in a federal indictment for committing one of the most common frauds in the history of finance: making bi...

Q: Plutonium was an Internet start-up company founded in 1988 at

Plutonium was an Internet start-up company founded in 1988 at the beginning of the technology boom. One of the largest problems for Plutonium was developing the technological systems necessary to supp...