Question 1

Kickbacks from vendors to buyers might generate one of the following symptoms.

Accepted Answer

A) Buyer doesn't relate well to other buyers and vendors 
B) Decreasing purchases from favored vendor 
C) Increasing purchases from other vendors 
D) Decreasing prices and increasing quality 
A) Buyer doesn't relate well to other buyers and vendors 
B) Decreasing purchases from favored vendor 
C) Increasing purchases from other vendors 
D) Decreasing prices and increasing quality

Question 2

From the information given below,calculate the quick ratio. Particulars
Amount (in $)
Particulars
Amount (in $)
Cash
20,000
Accounts payable
11,000
Notes receivable
15,000
Wages payable
5,000
Stock
5,000
Retained earnings
20,000
Inventory
6,000
Notes Payable
8,000

Accepted Answer

A) .83 times 
B) 1.25 times 
C) 1.63 times 
D) 1.08 times 
A) .83 times 
B) 1.25 times 
C) 1.63 times 
D) 1.08 times

Question 3

Which of the following is true?​

Accepted Answer

A) ​Stratification is the splitting of data into case-specific tables. 
B) ​Stratification is an extension of summarization. 
C) ​Summarization provides detail for each grouping into tables. 
D) ​Stratification is utilized to create a z-score across data sets. 
A) ​Stratification is the splitting of data into case-specific tables. 
B) ​Stratification is an extension of summarization. 
C) ​Summarization provides detail for each grouping into tables. 
D) ​Stratification is utilized to create a z-score across data sets.

Question 4

Identify the formula used to calculate z-score.

Accepted Answer

A) (Mean - Value)/Standard Deviation 
B) (Mean - Value)/(Mean + Value) 
C) (Value - Mean)/Standard Deviation 
D) (Value - Mean)/Median 
A) (Mean - Value)/Standard Deviation 
B) (Mean - Value)/(Mean + Value) 
C) (Value - Mean)/Standard Deviation 
D) (Value - Mean)/Median

Question 5

______ are a two dimensional view with cases in one dimension and the calculations in the other.

Accepted Answer

A) N-grams 
B) Z-scores 
C) Pivot Tables 
D) Soundex algorithms 
A) N-grams 
B) Z-scores 
C) Pivot Tables 
D) Soundex algorithms

Question 6

Which of the following is the most direct method of focusing on changes in the company's balance sheet and income statement?

Accepted Answer

A) Calculating key ratios and comparing them from period to period 
B) Comparing account balances in the statements from one period to the next 
C) Performing a vertical analysis 
D) Performing a horizontal analysis 
A) Calculating key ratios and comparing them from period to period 
B) Comparing account balances in the statements from one period to the next 
C) Performing a vertical analysis 
D) Performing a horizontal analysis

Question 7

A ______ is a financial statement that reflects account balances at a specific point in time like a snapshot.

Accepted Answer

A) periodic statement 
B) position statement 
C) change statement 
D) static statement 
A) periodic statement 
B) position statement 
C) change statement 
D) static statement

Question 8

Which approach converts financial statement numbers as percentage of total assets or total sales?

Accepted Answer

A) Horizontal Analysis 
B) Vertical Analysis 
C) Ratio Analysis 
D) Variance Analysis 
A) Horizontal Analysis 
B) Vertical Analysis 
C) Ratio Analysis 
D) Variance Analysis

Question 9

Digital analysis is:

Accepted Answer

A) the art of analyzing the digits that make up numbers like invoice amounts, reported hours, and costs. 
B) a technique which calculates the average probability for each grouping of data. 
C) the searching for expected relationships between numbers. 
D) the use of numeric values for decision making. 
A) the art of analyzing the digits that make up numbers like invoice amounts, reported hours, and costs. 
B) a technique which calculates the average probability for each grouping of data. 
C) the searching for expected relationships between numbers. 
D) the use of numeric values for decision making.

Question 10

One way to view the results of multiple indicators is to use a chart called a ____________ .

Accepted Answer

A) Soundex algorithm 
B) summarization chart 
C) pareto chart 
D) Matosas matrix 
A) Soundex algorithm 
B) summarization chart 
C) pareto chart 
D) Matosas matrix

Question 11

​Which of the following records data for each case in a graph and analyzes the slope?

Accepted Answer

A) ​summarization analysis 
B) ​time-trend analysis 
C) ​fuzzy-matching method 
D) ​cross tables method 
A) ​summarization analysis 
B) ​time-trend analysis 
C) ​fuzzy-matching method 
D) ​cross tables method

Question 12

Identify the true statement about detecting fraud using financial statement reports.

Accepted Answer

A) Performing horizontal analysis requires converting the Income statement balances to percentages of gross sales. 
B) Vertical analysis is the most direct method of focusing on changes from period to period. 
C) Before performing any data-driven analysis that targets fraud and corruption in financial statements, the numbers in all three types of financial statements need to be converted to percentages. 
D) Small frauds may not affect the summarized financial statements significantly to be detected. 
A) Performing horizontal analysis requires converting the Income statement balances to percentages of gross sales. 
B) Vertical analysis is the most direct method of focusing on changes from period to period. 
C) Before performing any data-driven analysis that targets fraud and corruption in financial statements, the numbers in all three types of financial statements need to be converted to percentages. 
D) Small frauds may not affect the summarized financial statements significantly to be detected.

Question 13

​What defines an extension of stratification?

Accepted Answer

A) Matosas matrix 
B) A pivot table 
C) Summarization 
D) Soundex 
A) Matosas matrix 
B) A pivot table 
C) Summarization 
D) Soundex

Question 14

Which of the following ratios can be used to assess a company's solvency?

Accepted Answer

A) Current Ratio 
B) Return on assets 
C) Times-interest-earned 
D) Inventory turnover 
A) Current Ratio 
B) Return on assets 
C) Times-interest-earned 
D) Inventory turnover

Question 15

____ is the splitting of complex data sets into case-specific tables.

Accepted Answer

A) Deviation 
B) Stratification 
C) Data mining 
D) Soundex 
A) Deviation 
B) Stratification 
C) Data mining 
D) Soundex

Question 16

Which of the following is a true statement regarding the United States Social Security Administration (U.S.SSA)?

Accepted Answer

A) ​The U.S.SSA publishes a monthly list of newly issued Social Security numbers. 
B) ​The U.S.SSA publishes a monthly list of Social Security numbers that are no longer in use. 
C) ​The U.S.SSA database of valid numbers can be accessed by interested parties. 
D) ​The U.S.SSA database can be used to create mailing lists. 
A) ​The U.S.SSA publishes a monthly list of newly issued Social Security numbers. 
B) ​The U.S.SSA publishes a monthly list of Social Security numbers that are no longer in use. 
C) ​The U.S.SSA database of valid numbers can be accessed by interested parties. 
D) ​The U.S.SSA database can be used to create mailing lists.

Question 17

​Which of the following is the most important step in data analysis?

Accepted Answer

A) ​gathering the right data in the right format in the right time period 
B) ​understanding the available data 
C) ​learning the basics of table structure and field types 
D) ​learning the basics of key relationships and query syntax 
A) ​gathering the right data in the right format in the right time period 
B) ​understanding the available data 
C) ​learning the basics of table structure and field types 
D) ​learning the basics of key relationships and query syntax

Question 18

While using financial statement analysis,which ratio will be most useful in assessing the company's operational efficiency?

Accepted Answer

A) Current Ratio 
B) Quick ratio 
C) Cost of goods sold percentage 
D) Inventory turnover 
A) Current Ratio 
B) Quick ratio 
C) Cost of goods sold percentage 
D) Inventory turnover

Question 19

Which of the following is an analytical symptom of a kickback?

Accepted Answer

A) Decreasing purchases from other vendors 
B) Charging normal price for goods supplied 
C) Providing better quality goods 
D) Smaller purchase quantities and more frequent orders 
A) Decreasing purchases from other vendors 
B) Charging normal price for goods supplied 
C) Providing better quality goods 
D) Smaller purchase quantities and more frequent orders

Question 20

​Which of the following may result from a careful review of a Matosas Matrix?

Accepted Answer

A) ​This action identifies indicators that have been circumvented. 
B) ​This action identifies indicator information that has been incorrectly input. 
C) ​This helps investigators improve the set of indicators utilized. 
D) ​This helps investigators identify fraud perpetrators. 
A) ​This action identifies indicators that have been circumvented. 
B) ​This action identifies indicator information that has been incorrectly input. 
C) ​This helps investigators improve the set of indicators utilized. 
D) ​This helps investigators identify fraud perpetrators.

Kickbacks from vendors to buyers might generate one of the following symptoms.

From the information given below,calculate the quick ratio. Particulars Amount (in $) Particulars Amount (in $) Cash 20,000 Accounts payable 11,000 Notes receivable 15,000 Wages payable 5,000 Stock 5,000 Retained earnings 20,000 Inventory 6,000 Notes Payable 8,000

Which of the following is true?

Identify the formula used to calculate z-score.

______ are a two dimensional view with cases in one dimension and the calculations in the other.

Which of the following is the most direct method of focusing on changes in the company's balance sheet and income statement?

A ______ is a financial statement that reflects account balances at a specific point in time like a snapshot.

Which approach converts financial statement numbers as percentage of total assets or total sales?

Digital analysis is:

One way to view the results of multiple indicators is to use a chart called a ____________ .

Which of the following records data for each case in a graph and analyzes the slope?

Identify the true statement about detecting fraud using financial statement reports.

What defines an extension of stratification?

Which of the following ratios can be used to assess a company's solvency?

____ is the splitting of complex data sets into case-specific tables.

Which of the following is a true statement regarding the United States Social Security Administration (U.S.SSA)?

Which of the following is the most important step in data analysis?

While using financial statement analysis,which ratio will be most useful in assessing the company's operational efficiency?

Which of the following is an analytical symptom of a kickback?

Which of the following may result from a careful review of a Matosas Matrix?

The Nature of Fraud

Who Commits Fraud and Why

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

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 6: Data-Driven Fraud Detection

Kickbacks from vendors to buyers might generate one of the following symptoms.

From the information given below,calculate the quick ratio. Particulars Amount (in $) Particulars Amount (in $) Cash 20,000 Accounts payable 11,000 Notes receivable 15,000 Wages payable 5,000 Stock 5,000 Retained earnings 20,000 Inventory 6,000 Notes Payable 8,000

Which of the following is true?​

Identify the formula used to calculate z-score.

______ are a two dimensional view with cases in one dimension and the calculations in the other.

Which of the following is the most direct method of focusing on changes in the company's balance sheet and income statement?

A ______ is a financial statement that reflects account balances at a specific point in time like a snapshot.

Which approach converts financial statement numbers as percentage of total assets or total sales?

Digital analysis is:

One way to view the results of multiple indicators is to use a chart called a ____________ .

​Which of the following records data for each case in a graph and analyzes the slope?

Identify the true statement about detecting fraud using financial statement reports.

​What defines an extension of stratification?

Which of the following ratios can be used to assess a company's solvency?

____ is the splitting of complex data sets into case-specific tables.

Which of the following is a true statement regarding the United States Social Security Administration (U.S.SSA)?

​Which of the following is the most important step in data analysis?

While using financial statement analysis,which ratio will be most useful in assessing the company's operational efficiency?

Which of the following is an analytical symptom of a kickback?

​Which of the following may result from a careful review of a Matosas Matrix?

The Nature of Fraud

Who Commits Fraud and Why

Fighting Fraud: an Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

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

Which of the following is true?

Which of the following records data for each case in a graph and analyzes the slope?

What defines an extension of stratification?

Which of the following is the most important step in data analysis?

Which of the following may result from a careful review of a Matosas Matrix?