Questions from Fraud Examination

Q: Some frauds are allowed to be perpetrated because victims don't have access

Some frauds are allowed to be perpetrated because victims don't have access to information possessed by the perpetrators.

Q: Power is rarely used to influence another person to participate in an

Power is rarely used to influence another person to participate in an already existing fraud scheme.

Q: The single most critical element for a fraud to be successful is

The single most critical element for a fraud to be successful is opportunity.

Q: Fraud perpetrators are often those who are least suspected and most trusted

Fraud perpetrators are often those who are least suspected and most trusted.

Q: Unintentional errors in financial statements are a form of fraud.

Unintentional errors in financial statements are a form of fraud.

Q: Occupational fraud is fraud committed on behalf of an organization.

Occupational fraud is fraud committed on behalf of an organization.

Q: The three elements of the fraud triangle are a perceived pressure,

The three elements of the fraud triangle are a perceived pressure, a perceived opportunity, and rationalization.

Q: Companies that commit financial statement fraud are often experiencing net losses or

Companies that commit financial statement fraud are often experiencing net losses or have profits that are significantly lower than expectations.

Q: Indirect fraud occurs when a company's assets go directly into the perpetrator's

Indirect fraud occurs when a company's assets go directly into the perpetrator's pockets without the involvement of third parties.

Q: Counties and other local agencies that contain records are usually not very

Counties and other local agencies that contain records are usually not very useful in fraud investigation.