Questions from Fraud Examination

Q: When hiring, it is usually difficult to know which employees are

When hiring, it is usually difficult to know which employees are capable of committing fraud, especially without performing thorough background checks.

Q: Go to www.fraud.org and learn about the National

Go to www.fraud.org and learn about the National Fraud Information Center (NFIC). What does it do, and specifically, how does it make it easy for people to report fraud?

Q: As mentioned in the chapter, the Committee of Sponsoring Organizations produced

As mentioned in the chapter, the Committee of Sponsoring Organizations produced several reports on internal control One of these relates to internal controls over financial reporting for smaller compa...

Q: Go to www.insurancefraud.org and read the information about

Go to www.insurancefraud.org and read the information about insurance fraud for consumers. Insurance fraud is a problem that has become increasingly costly for the insurance industry. The Coalition A...

Q: How many different Web sites can you find dealing with fraud auditing

How many different Web sites can you find dealing with fraud auditing and detection? Try a few different search strings in Google, YouTube, the ACFE or another search engine and see what sites are ava...

Q: Appropriate hiring will not decrease an organization's risk of fraud.

Appropriate hiring will not decrease an organization's risk of fraud.

Q: An individual who owns his or her own business and is the

An individual who owns his or her own business and is the sole employee needs many internal control activities.

Q: A proper system of authorization will help ensure good internal controls.

A proper system of authorization will help ensure good internal controls.

Q: The secretary of state maintains many types of records relating to business

The secretary of state maintains many types of records relating to business and Uniform Commercial Code (UCC) filings.

Q: Good documents and records are some of the best preventive controls.

Good documents and records are some of the best preventive controls.