Question 1

​Some researchers have added a fourth element to the fraud triangle making it a fraud diamond.What is that element?

Accepted Answer

A) ​propensity toward illegal acts 
B) ​lack of self-respect 
C) ​greed 
D) ​capability 
A) ​propensity toward illegal acts 
B) ​lack of self-respect 
C) ​greed 
D) ​capability

Question 2

According to the Sarbanes-Oxley legislation,current changes to,or waivers of codes of ethics should be disclosed in:

Accepted Answer

A) Form 10-K. 
B) Form 1120. 
C) Form 8-K. 
D) Form 10-Q. 
A) Form 10-K. 
B) Form 1120. 
C) Form 8-K. 
D) Form 10-Q.

Question 3

Generally,internal controls are implemented in a corporation to help prevent which element of the fraud triangle?

Accepted Answer

A) Perceived opportunity 
B) Perceived pressure 
C) Rationalization 
D) Authorization 
A) Perceived opportunity 
B) Perceived pressure 
C) Rationalization 
D) Authorization

Question 4

Which is following observations is TRUE?

Accepted Answer

A) Research shows that only people with a criminal mind set commit fraud. 
B) Fraud perpetrators usually can be distinguished from others on the basis of psychological characteristics. 
C) Most fraud perpetrators have profiles that are similar to those of other people. 
D) When fraud does occur, the most common initial reaction by those involved in the fraud is confession. 
A) Research shows that only people with a criminal mind set commit fraud. 
B) Fraud perpetrators usually can be distinguished from others on the basis of psychological characteristics. 
C) Most fraud perpetrators have profiles that are similar to those of other people. 
D) When fraud does occur, the most common initial reaction by those involved in the fraud is confession.

Question 5

____________ is the ability of the fraud perpetrator to make an individual perceive punishment if he or she does not participate in the fraud.

Accepted Answer

A) Expert power 
B) Coercive power 
C) Legitimate power 
D) Reward power 
A) Expert power 
B) Coercive power 
C) Legitimate power 
D) Reward power

Question 6

The theory behind _____ is that if people know their work or activities will be monitored by others,the opportunity to commit and conceal a fraud will be reduced.

Accepted Answer

A) documentation 
B) segregation of duties 
C) system of authorizations 
D) independent checks 
A) documentation 
B) segregation of duties 
C) system of authorizations 
D) independent checks

Question 7

Modeling and labeling are sub-components of which fraud-related element of an organization?

Accepted Answer

A) Control environment 
B) Accounting system 
C) Audit procedures 
D) Review procedures 
A) Control environment 
B) Accounting system 
C) Audit procedures 
D) Review procedures

Question 8

When fraud occurs,the most common reaction to those affected by the fraud is:

Accepted Answer

A) Anger 
B) Acceptance 
C) Denial 
D) Retribution 
A) Anger 
B) Acceptance 
C) Denial 
D) Retribution

Question 9

Which of the following is NOT a common rationalization of fraud perpetrators?

Accepted Answer

A) The organization owes me 
B) I'm only borrowing the money 
C) No one will get hurt 
D) No one will care 
A) The organization owes me 
B) I'm only borrowing the money 
C) No one will get hurt 
D) No one will care

Question 10

Which of the following is NOT a primary control procedure to minimize the occurrence of fraud?

Accepted Answer

A) Dual custody 
B) Systems of authorization 
C) Internal audit department 
D) Documents and records 
A) Dual custody 
B) Systems of authorization 
C) Internal audit department 
D) Documents and records

Question 11

Which of the following is NOT one of the key elements common to all frauds?

Accepted Answer

A) Perceived pressure 
B) Perceived inequality 
C) Perceived opportunity 
D) Rationalization 
A) Perceived pressure 
B) Perceived inequality 
C) Perceived opportunity 
D) Rationalization

Question 12

Individuals often participate in fraud because they believe that by not participating in the fraud scheme,they may lose their job.Which type of power is at play here?

Accepted Answer

A) Expert power 
B) Legitimate power 
C) Coercive power 
D) Reward power 
A) Expert power 
B) Legitimate power 
C) Coercive power 
D) Reward power

Question 13

Which of the following is an example of an authorization control procedure?

Accepted Answer

A) Password protection 
B) Periodic job rotation 
C) Cash checks 
D) Supervisor review 
A) Password protection 
B) Periodic job rotation 
C) Cash checks 
D) Supervisor review

Question 14

Which of the following is NOT an element of a good control environment?

Accepted Answer

A) Trust 
B) Modeling 
C) Appropriate hiring 
D) Management's communication 
A) Trust 
B) Modeling 
C) Appropriate hiring 
D) Management's communication

Question 15

Poor credit could become a ____ that could lead to fraud.

Accepted Answer

A) Financial pressure 
B) Social pressure 
C) Family pressure 
D) ​Financial threat 
A) Financial pressure 
B) Social pressure 
C) Family pressure 
D) ​Financial threat

Question 16

Which of the following is NOT a common financial pressure associated with fraud?

Accepted Answer

A) Living beyond one's means 
B) High bills or personal debt 
C) Personal financial losses 
D) Desire to hurt employer financially 
A) Living beyond one's means 
B) High bills or personal debt 
C) Personal financial losses 
D) Desire to hurt employer financially

Question 17

Which of the following is NOT a perceived pressure that can lead to employee fraud?​

Accepted Answer

A) ​experiencing high medical bills because of illness in family 
B) ​frustration with a co-worker 
C) ​anticipated actual financial reports that are below published expectations 
D) ​a challenge to beat the system 
A) ​experiencing high medical bills because of illness in family 
B) ​frustration with a co-worker 
C) ​anticipated actual financial reports that are below published expectations 
D) ​a challenge to beat the system

Some researchers have added a fourth element to the fraud triangle making it a fraud diamond.What is that element?

According to the Sarbanes-Oxley legislation,current changes to,or waivers of codes of ethics should be disclosed in:

Generally,internal controls are implemented in a corporation to help prevent which element of the fraud triangle?

Which is following observations is TRUE?

____________ is the ability of the fraud perpetrator to make an individual perceive punishment if he or she does not participate in the fraud.

The theory behind _____ is that if people know their work or activities will be monitored by others,the opportunity to commit and conceal a fraud will be reduced.

Modeling and labeling are sub-components of which fraud-related element of an organization?

When fraud occurs,the most common reaction to those affected by the fraud is:

Which of the following is NOT a common rationalization of fraud perpetrators?

Which of the following is NOT a primary control procedure to minimize the occurrence of fraud?

Which of the following is NOT one of the key elements common to all frauds?

Individuals often participate in fraud because they believe that by not participating in the fraud scheme,they may lose their job.Which type of power is at play here?

Which of the following is an example of an authorization control procedure?

Which of the following is NOT an element of a good control environment?

Poor credit could become a ____ that could lead to fraud.

Which of the following is NOT a common financial pressure associated with fraud?

Which of the following is NOT a perceived pressure that can lead to employee fraud?

The Nature of Fraud

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Consumer Fraud

Bankruptcy, divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters

Exam 2: Who Commits Fraud and Why

​Some researchers have added a fourth element to the fraud triangle making it a fraud diamond.What is that element?

According to the Sarbanes-Oxley legislation,current changes to,or waivers of codes of ethics should be disclosed in:

Generally,internal controls are implemented in a corporation to help prevent which element of the fraud triangle?

Which is following observations is TRUE?

____________ is the ability of the fraud perpetrator to make an individual perceive punishment if he or she does not participate in the fraud.

The theory behind _____ is that if people know their work or activities will be monitored by others,the opportunity to commit and conceal a fraud will be reduced.

Modeling and labeling are sub-components of which fraud-related element of an organization?

When fraud occurs,the most common reaction to those affected by the fraud is:

Which of the following is NOT a common rationalization of fraud perpetrators?

Which of the following is NOT a primary control procedure to minimize the occurrence of fraud?

Which of the following is NOT one of the key elements common to all frauds?

Individuals often participate in fraud because they believe that by not participating in the fraud scheme,they may lose their job.Which type of power is at play here?

Which of the following is an example of an authorization control procedure?

Which of the following is NOT an element of a good control environment?

Poor credit could become a ____ that could lead to fraud.

Which of the following is NOT a common financial pressure associated with fraud?

Which of the following is NOT a perceived pressure that can lead to employee fraud?​

The Nature of Fraud

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

Investigating Concealment

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

Financial Statement Fraud

Revenue- and Inventory-Related Financial Statement Frauds

Liability, asset, and Inadequate Disclosure Frauds

Fraud Against Organizations

Consumer Fraud

Bankruptcy, divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters

Some researchers have added a fourth element to the fraud triangle making it a fraud diamond.What is that element?

Which of the following is NOT a perceived pressure that can lead to employee fraud?