Questions from Fraud Examination

Q: You have recently joined the internal audit team at a large company

You have recently joined the internal audit team at a large company responsible for janitorial work at many different local businesses. Because of the significant number of consumables used in janitor...

Q: In June of a recent year, allegations of fraud regarding repair

In June of a recent year, allegations of fraud regarding repair contracts for work on board U.S. Naval Ships (USNS) were reported to law enforcement agents. The allegations indicated that fraud was ra...

Q: Using the financial information in the following tables, compute the required

Using the financial information in the following tables, compute the required ratios list on the ratio analysis sheet and then complete the horizontal and vertical analyses worksheets.

Q: The balance sheet and income statement for ABC Company for the years

The balance sheet and income statement for ABC Company for the years 2019 and 2020 are as follows: Required: 1. Perform vertical and/or horizontal analysis of the statements and identify two things...

Q: The following surveillance log was taken during two fixed point surveillances of

The following surveillance log was taken during two fixed point surveillances of an employee suspected of stealing cash from the company while making nightly bank deposits. Required: 1. What is wrong...

Q: John Doe, a fraud examiner, has been hired by ABC

John Doe, a fraud examiner, has been hired by ABC Corporation to investigate a shortage of cash, which management thinks is being caused by fraudulent behavior. John Doe could spend his time and money...

Q: You landed a summer internship with a company that processes dental insurance

You landed a summer internship with a company that processes dental insurance claims for insurance companies. The company receives the insurance claims from dental offices, achieves authorization from...

Q: When perpetrators are criminally convicted of fraud, they often serve jail

When perpetrators are criminally convicted of fraud, they often serve jail sentences and/or pay fines.

Q: The city of Dallas, Texas, is missing 12 city-

The city of Dallas, Texas, is missing 12 city-owned iPads and doesn't know where they went. Answer the following questions: 1. If you were investigating the missing iPads, what kind of theft act evid...

Q: A number of years ago, General Motors experienced a $436

A number of years ago, General Motors experienced a $436 million fraud committed by a Long Island automobile dealer. The dealer was borrowing money from General Motors' financing division and using th...