Question 1

Which of the following is not a way to eliminate the opportunity to commit fraud?

Accepted Answer

A)  Establish a code of ethics 
B)  Monitor employees 
C)  Create an expectation of punishment 
D)  Discourage collusion 
A)  Establish a code of ethics 
B)  Monitor employees 
C)  Create an expectation of punishment 
D)  Discourage collusion

Question 2

Which of the following is not a red flag that a person, with a salary of $50,000 per year is living above his or her lifestyle?

Accepted Answer

A)  A person owns several expensive cars 
B)  A person closely monitoring their investments 
C)  A person who hosts extravagant parties in their $500,000 home 
D)  A person who owns a multimillion dollar art collection 
A)  A person owns several expensive cars 
B)  A person closely monitoring their investments 
C)  A person who hosts extravagant parties in their $500,000 home 
D)  A person who owns a multimillion dollar art collection

Question 3

When only a very small amount of money has been embezzled,

Accepted Answer

A)  Taking no action is the best course of action 
B)  The perpetrators should be punished by publishing the details of the fraud in the local newspapers 
C)  The perpetrators should be prosecuted 
D)  The company should either fire the perpetrator or transfer the perpetrator to a position with more supervision. 
A)  Taking no action is the best course of action 
B)  The perpetrators should be punished by publishing the details of the fraud in the local newspapers 
C)  The perpetrators should be prosecuted 
D)  The company should either fire the perpetrator or transfer the perpetrator to a position with more supervision.

Question 4

Which of the following is not a possible fraud prevention strategy/technique?

Accepted Answer

A)  Including "right-to-audit" clauses on purchase invoices. 
B)  Instigate a zero tolerance policy with regards to fraud in the workplace. 
C)  Effectively screen potential employees. 
D)  All of the above are possible fraud prevention strategies/techniques. 
A)  Including "right-to-audit" clauses on purchase invoices. 
B)  Instigate a zero tolerance policy with regards to fraud in the workplace. 
C)  Effectively screen potential employees. 
D)  All of the above are possible fraud prevention strategies/techniques.

Question 5

Fraud is most commonly detected by:

Accepted Answer

A)  Monitoring employees 
B)  Investigating identified symptoms 
C)  Discouraging collusion 
D)  Tips and complaints 
A)  Monitoring employees 
B)  Investigating identified symptoms 
C)  Discouraging collusion 
D)  Tips and complaints

Question 6

Frauds are most often committed by __________.

Accepted Answer

A)  One person acting alone 
B)  Collusion among co-workers 
C)  Repeat offenders 
D)  None of the above 
A)  One person acting alone 
B)  Collusion among co-workers 
C)  Repeat offenders 
D)  None of the above

Question 7

To discourage collusion, companies should:

Accepted Answer

A)  Send letters to vendors and contractors 
B)  Require mandatory job transfers 
C)  Regularly review employees who are responsible for large contracts or accounts 
D)  All of the above 
A)  Send letters to vendors and contractors 
B)  Require mandatory job transfers 
C)  Regularly review employees who are responsible for large contracts or accounts 
D)  All of the above

Which of the following is not a way to eliminate the opportunity to commit fraud?

Which of the following is not a red flag that a person, with a salary of $50,000 per year is living above his or her lifestyle?

When only a very small amount of money has been embezzled,

Which of the following is not a possible fraud prevention strategy/technique?

Fraud is most commonly detected by:

Frauds are most often committed by __________.

To discourage collusion, companies should:

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

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

Fraud in E-Commerce

Legal Follow-Up

Filters

Exam 4: Preventing Fraud

Which of the following is not a way to eliminate the opportunity to commit fraud?

Which of the following is not a red flag that a person, with a salary of $50,000 per year is living above his or her lifestyle?

When only a very small amount of money has been embezzled,

Which of the following is not a possible fraud prevention strategy/technique?

Fraud is most commonly detected by:

Frauds are most often committed by __________.

To discourage collusion, companies should:

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

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

Fraud in E-Commerce

Legal Follow-Up

Filters