Exam 5: Recognizing the Symptoms of Fraud

Implementing a system of independent checks is one of the most effective ways to deter fraud.Which one of the following is NOT a way of providing independent checks on employees?

There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can't afford sufficient employees to guarantee effective segregation of duties..Which of the following is NOT one among them?

Which of the following is an analytical fraud symptom?

Transactions happening at odd times or places;being performed by people who would not normally participate;or including odd procedures are typically associated with which type of fraud symptom?

Common accounting anomaly fraud symptoms involve problems with various data and books of accounts.Which of the following is NOT one among them?

_______ involves the actual taking of cash,inventory,information,or other assets whereas _______ involves selling stolen assets or transferring them into cash and then spending the cash.

Which category of individuals are least likely to detect fraud at the conversion stage?

Which of the following is NOT a "strange" financial statement relationship?

​Which of the following is usually NOT a reason people hesitate to anonymously report their suspicions about an act of fraud?

Which term refers to people who commit a fraud or other crime and do not feel guilt or stress?

​Which of the following is a true statement?

Which of the following is a highly suspicious financial statement relationship?

Which of the following actions would most likely create an opportunity for fraud?​

Which of the following scenarios is least conducive to fraud?

In most organizations,coworkers and others have knowledge or suspicions that fraud is occurring but do not come forward with their information.There are several major reasons for this hesitancy.Which of the following is NOT one among them?

_____ are relationships in financial or nonfinancial data that do not make sense,such as an unreasonable change in a volume,mix,or price.

Allowing the clerk who checked out customer A handle a return by that same individual ​without presenting the receipt would NOT be an example of which of the following internal controls?

Fraud examiners must be able to recognize signals that a journal entry may have been manufactured to conceal a fraud.Which of the following is a common journal entry fraud symptom?

All transactions related to specific accounts,such as cash or inventory,are listed and totaled in a:

In which stage do auditors have a good chance of detecting fraud,if the audit samples include altered documents and miscounts?