Questions from Fraud Examination

Q: You have been searching for a job for some time. One

You have been searching for a job for some time. One day, while searching through some online want ads, you see the following advertisement: Wanted: Persons seeking high paying corporate jobs in the C...

Q: Hospital administrator Jake Rosen9 was recently convicted for fraud he committed against

Hospital administrator Jake Rosen9 was recently convicted for fraud he committed against his employer, Cedar Hospital Systems. Over a period of six years, Jake allegedly made payments to a dummy compa...

Q: Steve Stevenson had noticed that the contracts for custodial work for the

Steve Stevenson had noticed that the contracts for custodial work for the schools in the district in which he worked had almost all been going to the same custodial company, Johnson Cleaning, and it s...

Q: Willy and Buck Forsythe are brothers who often engage in shady business

Willy and Buck Forsythe are brothers who often engage in shady business deals and regularly swindle honest people out of their money. Willy and Buck have decided to take their business to a new level....

Q: Look up the U.S. Trustee Program's 2012 Annual Report

Look up the U.S. Trustee Program's 2012 Annual Report at http://www.justice.gov/ust/eo/public_affairs/ annualreport/docs/ar2012.pdf. 1. How is a trustee defined? 2. What are the functions of the tr...

Q: Attorney Mark E. of Newport, Virginia, pleaded guilty to

Attorney Mark E. of Newport, Virginia, pleaded guilty to wire fraud in the Eastern District of Virginia, based on his actions of embezzling from a client in Chapter 13 bankruptcy. Mark embezzled more...

Q: 1. Focusing on changes in financial statements from period to period

1. Focusing on changes in financial statements from period to period can help identify analytical fraud symptoms. 2. Controls over inventory should be closely examined when searching for fraud sympt...

Q: You have been hired as a fraud auditor to examine the assets

You have been hired as a fraud auditor to examine the assets of a company that recently filed for Chapter 11 bankruptcy. The company manufactures and sells circuit boards for children's computerized t...

Q: Trek, Inc., has experienced two bad financial years, resulting

Trek, Inc., has experienced two bad financial years, resulting in too few assets remaining to pay creditors in full. Trek, Inc., wants to file for bankruptcy. What are its options, and which one would...

Q: You are trying to sell your car. You have been trying

You are trying to sell your car. You have been trying to sell it for a while and have it posted on an online classified ad. You receive the following e-mail: Hello. My name is David Meganimus, and I a...