Describe the services that a forensic accountant might provide related to a marital dispute.
> When is it appropriate to use an indirect method for income reconstruction?
> What is a kickback scheme and how is it committed?
> What are some ways that may be used to hide assets?
> Generally, how is the problem of management override and collusion addressed?
> What are the primary responsibilities of management?
> How can conflicts of interest be prevented and detected?
> What are the main components of the fraud risk assessment process?
> How did the Sarbanes-Oxley Act address corporate governance and public accounting responsibilities?
> What are the three major types of negotiated remedies and how do they differ?
> What is the discovery process and how does it work?
> A scientist has an unlimited water supply and two buckets, one holds 4 gallons and the other holds 5 gallons. By using nothing but the buckets and water, how can he accurately measure 3 gallons of water?
> What is meant by “hacking?”
> What methods are used by insiders to commit computer fraud? What red flags might indicate that insider computer fraud is occurring?
> Which types of economic damages are related to computer crimes?
> What is included as an expert’s work product?
> What is the difference between computer fraud and computer crime?
> How are computers used in cyber-crime?
> Which federal law enforcement agencies investigate domestic Internet crimes?
> What is a shell company and how is it formed?
> Why is Internet fraud particularly difficult to police?
> What are some indicators that a computer has been infected?
> List and describe various types of computer viruses.
> How do computer viruses work?
> How might a hacker access and manipulate a computer for illegal purposes?
> There are 5 different color houses, occupied by people of 5 different nationalities, who smoke 5 different cigar brands, drink 5 different types of alcohol, and have 5 different pets. The houses are lined up in a row. 1. The Brit lives in the red house.
> How are the objectives of terrorists and organized criminals different?
> What types of damages may ensue as a result of personal injury, wrongful death and survival actions?
> Why is financial statement fraud often considered a complex fraud?
> How is the concept of an “organization” involved in mixing illegal activities with legitimate ones?
> How do fraudulent disbursements at the cash register differ from other register frauds?
> What is the difference between a predator and an “accidental fraudster?”
> How have some of the more common securities fraud schemes been perpetrated?
> What is a documentary letter of credit used for?
> What are the different types of banks in the U.S. banking system? How are they different?
> Discuss the essence of organizational crime.
> Compare and contrast Cressey and Albrecht’s theories of crime causation.
> Describe occupational fraud and abuse.
> Identify ethical issues, conflicts of interest, and non-compliance with corporate policies and procedures in the Enron case.
> What are the considerations related to forecasting income and cash flows?
> Analyze the role of corporate governance mechanisms in fraud prevention.
> What red flags are commonly associated with fictitious expense schemes?
> Give examples of behavioral indications of fraud.
> Discuss alternative courses of action in the Enron case within the framework of appropriate ethical conduct.
> Which professional organizations support fraud examination and financial forensics professionals? What certifications do they offer?
> What employment opportunities currently exist for fraud examiners and financial forensics specialists?
> What is the role of research in the fraud examination and financial forensics professions?
> According to this chapter, what employment trends are expected for professionals in the fields of fraud examination and financial forensics? Why?
> What international opportunities exist in fraud examination and financial forensics?
> Explain the differences between an audit, fraud examination, and forensic accounting engagement.
> How may lost profits be calculated using typical benchmarks?
> What is a ghost employee and what are the four steps needed to make this scheme work?
> Differentiate between fraud and abuse.
> Define fraud and identify a potentially fraudulent situation.
> What two points must an injured party prove to recover money in a civil lawsuit?
> What is meant by remediation?
> What is meant by corporate governance and why is it important?
> What is a deposition and why is it used?
> When may an expert’s opinion be subject to challenge?
> What is the difference between fact witnesses and expert witnesses?
> What are some of the ways in which financial statement fraud is committed?
> Why might senior management overstate or understate business performance?
> How may theft and alteration of outgoing company checks be prevented and detected?
> How can understating liabilities and expenses make a company appear more profitable?
> How are fictitious revenue schemes committed?
> What is the conceptual framework for financial reporting?
> What is defined as “something of value?”
> What are the different types of corruption schemes?
> What is the difference between fraud prevention and fraud deterrence?
> How does the “perception of detection” impact fraud deterrence?
> What legal mechanisms may be used to recover assets in the civil or criminal justice systems?
> What are the differences between forged maker and forged endorsement schemes?
> Which is the most effective control to prevent receivables skimming?
> What steps should an organization take to prevent fraudulent shipments of merchandise?
> How may the larceny of noncash assets be prevented?
> What types of company assets are typically misused?
> How are noncash assets misappropriated?
> What is the difference between skimming and cash larceny?
> How do e-discovery rules impact the storage of email and other electronic files?
> Why is it problematic for an organization to set standards that are too high?
> What computer functions that can make recovering deleted files more difficult?
> What is computer forensics?
> What are the types of losses available for recovery?
> What are the two major approaches for testing IT system controls?
> How is case management software used in an investigation?
> What role do graphics play in an investigation?
> What functions are used by data extraction and analysis software to highlight red flags of fraud?
> What are the five types of interview and interrogation questions?
> What are some suggested approaches for conducting interviews?
> Why are interviews in fraudulent financial statements and tax returns handled differently than interviews in other fraud examinations?
> What type of abuses may occur at the pre-solicitation stage of the bidding process?
> How does the legal system differentiate between “following” versus “tracing” the money?
> What are some of the decisions that need to be made with regard to quantifying lost revenues and increased expenses?
> What are the most common measures of system performance in a queuing analysis?
> Describe two examples of unethical behavior related to waiting line management, and state which ethical principles they violate.
> The owner of Eat Now Restaurant implemented an expanded menu early last year. The menu was a success, drawing many more customers, who seemed to like the increased variety of menu choices over that of the previous menu. But good news soon became bad news
> There are certain instances where pooling of operations can be desirable. For example, a large factory may have two or more locations where mechanics can obtain special tools or equipment they occasionally need. The separate locations mean less travel ti
> A retired couple supplement their income by making fruit pies, which they sell to a local grocery store. During the month of September, they produce apple and grape pies. The apple pies are sold for $1.50 to the grocer, and the grape pies are sold for $1
> Solve each of these problems by computer and obtain the optimal values of the decision variables and the objective function. a. Maximize Z = 4x1 + 2x2 + 5x3 Subject to 1x1 + 2x2 + 1x3 ≤ 25 1x1 + 4x2 + 2x3 ≤ 40 3x1 + 3x2 + 1x3 ≤ 30
> A small candy shop is preparing for the holiday season. The owner must decide how many bags of deluxe mix and how many bags of standard mix of Peanut/Raisin Delite to put up. The deluxe mix has 2⁄3 pound raisins and 1⁄3 pound peanuts, and the standard mi
> One operator services a bank of five machines. Machine running time and service time are both exponential. Machines run for an average of 90 minutes between service requirements, and service time averages 35 minutes. The operator receives $20 per hour in
