Questions from Fraud Examination

Q: Mr. Oaks has worked as the CEO of Turley Bank for

Mr. Oaks has worked as the CEO of Turley Bank for the last three years. This past year, the outside auditor discovered some fraudulent Joan activity in which Mr. Oaks was circumventing internal contro...

Q: Your friend recently attended a local mail fraud trial. In your

Your friend recently attended a local mail fraud trial. In your conversation about the case, she described the cross-examination of the expert witness as follows: After his counsel's questioning was d...

Q: To help you understand the material discussed in the chapter, do

To help you understand the material discussed in the chapter, do the following: 1. Give at least three characteristics of a grand jury. 2. Without looking at the list in the chapter, list at least t...

Q: You have recently been asked to be a damages expert witness in

You have recently been asked to be a damages expert witness in a large Ponzi scheme. The lawyers have asked you to calculate actual damages, what-if damages, and pre-judgment interest damages. How wou...

Q: It is usually the case that depositions for expert witnesses are much

It is usually the case that depositions for expert witnesses are much more difficult than the actual trial. Why do you think this is the case?

Q: An electronics company that produced circuit boards for personal computers was formed

An electronics company that produced circuit boards for personal computers was formed in a small southern town. The three founders had previously worked together for another electronics company and de...

Q: While auditing the accounts payable of a large clothing manufacturer, you

While auditing the accounts payable of a large clothing manufacturer, you discover that four of the company's vendors have checks sent to a post office (PO) box. After further investigation, you disco...

Q: Adam Jones, the purchasing manager for ACME Corporation, is under

Adam Jones, the purchasing manager for ACME Corporation, is under suspicion for committing fraud. His superiors believe he is accepting kickbacks and bribes from various vendors. As the company's frau...

Q: You have been talking with your best friend, John, for

You have been talking with your best friend, John, for the past couple of weeks about a crisis in his company. He has just learned that his boss has been embezzling money for the past six months. The...

Q: An accountant for a small business is suspected of writing checks to

An accountant for a small business is suspected of writing checks to "dummy" vendors and collecting the money himself. After a thorough investigation of the company, you determine that the company doe...