Question 1

Skimming involves stealing cash from an organization after it is recorded on the organization's books and records

Accepted Answer

A) True 
 B)False

Question 2

Defalcation is another word for financial fraud.

Accepted Answer

A) True 
 B)False

Question 3

What are the risk factors that relate to fraudulent financial reporting? What types of common schemes should auditors look for?

Accepted Answer

Rick factors:
1() Management's character

Question 4

Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology.

Accepted Answer

A) True 
 B)False

Question 5

Computer fraud can take on many forms, including each of the following except

Accepted Answer

A)  theft or illegal use of computer-readable information 
B)  theft, misuse, or misappropriation of computer equipment 
C)  theft, misuse, or misappropriation of assets by altering computer-readable records and files 
D)  theft, misuse, or misappropriation of printer supplies 
A)  theft or illegal use of computer-readable information 
B)  theft, misuse, or misappropriation of computer equipment 
C)  theft, misuse, or misappropriation of assets by altering computer-readable records and files 
D)  theft, misuse, or misappropriation of printer supplies

Question 6

What fraud scheme is similar to the "borrowing from Peter to pay Paul" scheme?

Accepted Answer

A)  expense account fraud 
B)  kiting 
C)  lapping 
D)  transaction fraud 
A)  expense account fraud 
B)  kiting 
C)  lapping 
D)  transaction fraud

Question 7

The trend toward distributed data processing increases the exposure to fraud from remote locations.

Accepted Answer

A) True 
 B)False

Question 8

Situational pressure includes personal or job related stresses that could coerce an individual to act dishonestly.

Accepted Answer

A) True 
 B)False

Question 9

What is the objective of SAS 99?

Accepted Answer

The objective of SAS 99 is to

Question 10

How does the auditor's judgements about the risk of material misstatements affect the audit?

Accepted Answer

The knowledge, skill, and ability of per

Question 11

Cash larceny involves stealing cash from an organization before it is recorded on the organization's books and records.

Accepted Answer

A) True 
 B)False

Question 12

Explain the pass through fraud.

Accepted Answer

The perpetrator creates a False vendor a

Question 13

What are some conclusions to be drawn from the ACFE fraud study regarding losses from fraud?

Accepted Answer

Individuals in the highest positions are

Question 14

The most common access point for perpetrating computer fraud is at the data collection stage.

Accepted Answer

A) True 
 B)False

Question 15

Give two examples of employee fraud and explain how the theft might occur.

Accepted Answer

Charges to expense accounts: Cash could

Question 16

Which ethical principle states that the benefit from a decision must outweigh the risks, and that there is no alternative decision that provides the same or greater benefit with less risk?

Accepted Answer

A)  minimize risk 
B)  justice 
C)  informed consent 
D)  proportionality 
A)  minimize risk 
B)  justice 
C)  informed consent 
D)  proportionality

Question 17

Which of the following best describes lapping?

Accepted Answer

A)  applying cash receipts to a different customer's account in an attempt to conceal previous thefts of funds 
B)  inflating bank balances by transferring money among different bank accounts 
C)  expensing an asset that has been stolen 
D)  creating a false transaction 
A)  applying cash receipts to a different customer's account in an attempt to conceal previous thefts of funds 
B)  inflating bank balances by transferring money among different bank accounts 
C)  expensing an asset that has been stolen 
D)  creating a false transaction

Question 18

Why are the computer ethics issues of privacy, security, and property ownership of interest to accountants?

Accepted Answer

Privacy is a concern because the nature

Question 19

Forces which may permit fraud to occur do not include

Accepted Answer

A)  a gambling addiction 
B)  lack of segregation of duties 
C)  centralized decision making environment 
D)  questionable integrity of employees 
A)  a gambling addiction 
B)  lack of segregation of duties 
C)  centralized decision making environment 
D)  questionable integrity of employees

Question 20

The fraud triangle represents a geographic area in Southeast Asia where international fraud is prevalent.

Accepted Answer

A) True 
 B)False

Skimming involves stealing cash from an organization after it is recorded on the organization's books and records

Defalcation is another word for financial fraud.

What are the risk factors that relate to fraudulent financial reporting? What types of common schemes should auditors look for?

Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology.

Computer fraud can take on many forms, including each of the following except

What fraud scheme is similar to the "borrowing from Peter to pay Paul" scheme?

The trend toward distributed data processing increases the exposure to fraud from remote locations.

Situational pressure includes personal or job related stresses that could coerce an individual to act dishonestly.

What is the objective of SAS 99?

How does the auditor's judgements about the risk of material misstatements affect the audit?

Cash larceny involves stealing cash from an organization before it is recorded on the organization's books and records.

Explain the pass through fraud.

What are some conclusions to be drawn from the ACFE fraud study regarding losses from fraud?

The most common access point for perpetrating computer fraud is at the data collection stage.

Give two examples of employee fraud and explain how the theft might occur.

Which ethical principle states that the benefit from a decision must outweigh the risks, and that there is no alternative decision that provides the same or greater benefit with less risk?

Which of the following best describes lapping?

Why are the computer ethics issues of privacy, security, and property ownership of interest to accountants?

Forces which may permit fraud to occur do not include

The fraud triangle represents a geographic area in Southeast Asia where international fraud is prevalent.

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Transaction Processing and Financial Reporting Systems Overview

Computer Assisted Audit Tools and Techniques

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Filters

Exam 12: Business Ethics, Fraud, and Fraud Detection

Skimming involves stealing cash from an organization after it is recorded on the organization's books and records

Defalcation is another word for financial fraud.

What are the risk factors that relate to fraudulent financial reporting? What types of common schemes should auditors look for?

Para computer ethics is the exposure to stories and reports found in the popular media regarding the good or bad ramifications of computer technology.

Computer fraud can take on many forms, including each of the following except

What fraud scheme is similar to the "borrowing from Peter to pay Paul" scheme?

The trend toward distributed data processing increases the exposure to fraud from remote locations.

Situational pressure includes personal or job related stresses that could coerce an individual to act dishonestly.

What is the objective of SAS 99?

How does the auditor's judgements about the risk of material misstatements affect the audit?

Cash larceny involves stealing cash from an organization before it is recorded on the organization's books and records.

Explain the pass through fraud.

What are some conclusions to be drawn from the ACFE fraud study regarding losses from fraud?

The most common access point for perpetrating computer fraud is at the data collection stage.

Give two examples of employee fraud and explain how the theft might occur.

Which ethical principle states that the benefit from a decision must outweigh the risks, and that there is no alternative decision that provides the same or greater benefit with less risk?

Which of the following best describes lapping?

Why are the computer ethics issues of privacy, security, and property ownership of interest to accountants?

Forces which may permit fraud to occur do not include

The fraud triangle represents a geographic area in Southeast Asia where international fraud is prevalent.

Auditing and Internal Control

Auditing IT Governance Controls

Auditing Operating Systems and Networks

Auditing Database Systems

Systems Development and Program Change Activities

Transaction Processing and Financial Reporting Systems Overview

Computer Assisted Audit Tools and Techniques

Data Structures and Caatts for Data Extraction

Auditing the Revenue Cycle

Auditing the Expenditure Cycle

Enterprise Resource Planning Systems

Filters