Questions from Fraud Examination

Q: Mark is a young business student at the XYZ University, who

Mark is a young business student at the XYZ University, who works part time as a financial adviser at a local credit union. Mark has been married a little over two years. Mark's wife is currently taki...

Q: Use the following financial data to prepare a comparative net worth assessment

Use the following financial data to prepare a comparative net worth assessment:

Q: Steve (Slick) Willy, 45, just got out of

Steve (Slick) Willy, 45, just got out of jail. As a reformed citizen on parole, Slick decides to go into business for himself. He starts a collections company to help companies collect debts. The term...

Q: Homegrown Gardens, LLP, is a $10 million nursery and

Homegrown Gardens, LLP, is a $10 million nursery and garden retailer in Florida. Homegrown employs about 20 full-time and seasonal employees. The majority of the plants and nursery stock that Homegrow...

Q: You have received a tip that the manager over the purchasing department

You have received a tip that the manager over the purchasing department of your company is taking kickbacks from one of your vendors. What fraud symptoms might you look for to determine if the manager...

Q: You are the audit committee chair for a large construction company.

You are the audit committee chair for a large construction company. A year ago you purchased a development company in Europe for approximately $100 million. This company has already lined up a number...

Q: A recent newspaper contained the following story: Publishers Clearing House agreed

A recent newspaper contained the following story: Publishers Clearing House agreed to pay $34 million in a deal with 26 states to settle allegations the sweepstakes company employed deceptive marketin...

Q: Several years ago, Prudential Securities was charged with fraud for late

Several years ago, Prudential Securities was charged with fraud for late trading. This was the first major brokerage house to be charged with the illegal practice of buying mutual funds after hours. T...

Q: Management fraud is deception perpetrated by an organization's top management.

Management fraud is deception perpetrated by an organization's top management.

Q: You serve on the board of directors of a multinational manufacturing company

You serve on the board of directors of a multinational manufacturing company. You have just received a whistle-blower complaint that one of the managers in another country, where a large production fa...