Question 1

Which of the following terms describes the risk that the sample is not representative of the population?

Accepted Answer

A)  Errors 
B)  Non-sampling risk 
C)  Sampling risk 
D)  Detection risk 
A)  Errors 
B)  Non-sampling risk 
C)  Sampling risk 
D)  Detection risk C

Question 2

Three most common ways to obtain documentary evidence are _____________.

Accepted Answer

A)  By subpoena, voluntary consent, and invigilation 
B)  By subpoena, search warrant, and voluntary consent 
C)  Search warrant, invigilation, and surveillance 
D)  Voluntary consent, surveillance, and invigilation 
A)  By subpoena, voluntary consent, and invigilation 
B)  By subpoena, search warrant, and voluntary consent 
C)  Search warrant, invigilation, and surveillance 
D)  Voluntary consent, surveillance, and invigilation B

Question 3

You are completely sure of which variable to examine in a concealment fraud case. The most efficient investigation method would be:

Accepted Answer

A)  Computer searches, since they better identify signals of fraud 
B)  Random sampling 
C)  Discovery sampling, since they better identify signals of fraud 
D)  Check all records, because it eliminates both sampling and non-sampling risk 
A)  Computer searches, since they better identify signals of fraud 
B)  Random sampling 
C)  Discovery sampling, since they better identify signals of fraud 
D)  Check all records, because it eliminates both sampling and non-sampling risk C

Question 4

Secondary evidence may be used in all of the following instances except:

Accepted Answer

A)  The original document has been lost or destroyed without the intent or fault of the party seeking to introduce the secondary evidence. 
B)  The original document is in the possession of an adverse party who fails to produce it after a written notice to do so. 
C)  The original documents are too voluminous to permit careful examination. 
D)  The original documents are too fragile to be handled. 
A)  The original document has been lost or destroyed without the intent or fault of the party seeking to introduce the secondary evidence. 
B)  The original document is in the possession of an adverse party who fails to produce it after a written notice to do so. 
C)  The original documents are too voluminous to permit careful examination. 
D)  The original documents are too fragile to be handled.

Question 5

Which of the following is not a type of Financial Statement Fraud?

Accepted Answer

A)  Overstated revenues 
B)  Understated revenues 
C)  Stealing company money 
D)  Early revenue recognition 
A)  Overstated revenues 
B)  Understated revenues 
C)  Stealing company money 
D)  Early revenue recognition

Question 6

Which of the following does not appear on a check, which has been cashed?

Accepted Answer

A)  Teller number 
B)  Date 
C)  Transaction number 
D)  Time of the transaction 
A)  Teller number 
B)  Date 
C)  Transaction number 
D)  Time of the transaction

Question 7

Documents presented in court are often disputed. The following are questions that arise from disputed documents except:

Accepted Answer

A)  Was the signature written before the rest of the document? 
B)  Is the signature genuine? 
C)  Was the writing disguised? 
D)  How old are the paper, printing and ink used? 
E)  All of the above are questions that arise from disputed documents 
A)  Was the signature written before the rest of the document? 
B)  Is the signature genuine? 
C)  Was the writing disguised? 
D)  How old are the paper, printing and ink used? 
E)  All of the above are questions that arise from disputed documents

Question 8

The risk that an auditor examines a fraudulent check and does not recognize it as being fraudulent is called:

Accepted Answer

A)  Sampling Risk 
B)  Non-Sampling Risk 
C)  Discovery Sampling Risk 
D)  Population Sampling Risk 
A)  Sampling Risk 
B)  Non-Sampling Risk 
C)  Discovery Sampling Risk 
D)  Population Sampling Risk

Question 9

Each of the following is true about concealment investigation EXCEPT:

Accepted Answer

A)  Concealment investigation includes document investigation, physical asset counts, and computer searches. 
B)  Many concealment investigation techniques focus on obtaining documentary evidence 
C)  Audits are considered a concealment investigation technique. 
D)  Invigilation (tightening controls to establish a fraud-free baseline and closely supervising the suspects during an examination period) is considered a concealment investigation technique. 
A)  Concealment investigation includes document investigation, physical asset counts, and computer searches. 
B)  Many concealment investigation techniques focus on obtaining documentary evidence 
C)  Audits are considered a concealment investigation technique. 
D)  Invigilation (tightening controls to establish a fraud-free baseline and closely supervising the suspects during an examination period) is considered a concealment investigation technique.

Question 10

Computer searches and physical asset counts usually focus on which element of a fraud?

Accepted Answer

A)  Theft act 
B)  Concealment 
C)  Conversion 
D)  Inquiry investigation 
A)  Theft act 
B)  Concealment 
C)  Conversion 
D)  Inquiry investigation

Question 11

Three most common ways to obtain documentary evidence that is usually difficult to get are _____________.

Accepted Answer

A)  By subpoena, voluntary consent, and invigilation 
B)  By subpoena, search warrant, and voluntary consent 
C)  Search warrant, invigilation, and surveillance 
D)  Voluntary consent, surveillance, and invigilation 
A)  By subpoena, voluntary consent, and invigilation 
B)  By subpoena, search warrant, and voluntary consent 
C)  Search warrant, invigilation, and surveillance 
D)  Voluntary consent, surveillance, and invigilation

Question 12

Documents are often the incriminating evidence for fraud. Which of the following should be used when ensuring that the documents are legitimate and accessible for trial?

Accepted Answer

A)  Photograph the evidence 
B)  Digitally enhance the evidence 
C)  Mark the evidence 
D)  Preserve the evidence in a non-transparent container 
A)  Photograph the evidence 
B)  Digitally enhance the evidence 
C)  Mark the evidence 
D)  Preserve the evidence in a non-transparent container

Question 13

__________ are commonly used by attorneys involved in litigation to track documents

Accepted Answer

A)  RFID tags 
B)  Bates numbers 
C)  Bar codes 
D)  All of the above 
A)  RFID tags 
B)  Bates numbers 
C)  Bar codes 
D)  All of the above

Question 14

Which of the following is not a common way to obtain hard-to-get documentary evidence?

Accepted Answer

A)  Subpoena 
B)  Search Warrant 
C)  Voluntary Consent 
D)  Force 
A)  Subpoena 
B)  Search Warrant 
C)  Voluntary Consent 
D)  Force

Question 15

Case Management software

Accepted Answer

A)  Helps organize large cases with many investigators 
B)  Shows link analysis charts to help connect people, places, and events 
C)  Is inexpensive and available on the Internet 
D)  All of the above 
E)  A & B 
A)  Helps organize large cases with many investigators 
B)  Shows link analysis charts to help connect people, places, and events 
C)  Is inexpensive and available on the Internet 
D)  All of the above 
E)  A & B

Question 16

An audit is a method of what investigation?

Accepted Answer

A)  Theft Investigation 
B)  Conversion Investigation 
C)  Concealment investigation 
D)  Inquiry Investigation 
A)  Theft Investigation 
B)  Conversion Investigation 
C)  Concealment investigation 
D)  Inquiry Investigation

Question 17

Computer searches and physical asset counts are methods for ___________.

Accepted Answer

A)  Theft investigation 
B)  Concealment investigation 
C)  Conversion investigation 
D)  Inquiry investigation 
A)  Theft investigation 
B)  Concealment investigation 
C)  Conversion investigation 
D)  Inquiry investigation

Question 18

Moe owns a 24-hour convenience store. He has noticed that the amounts of liquor inventory purchases have gotten bigger and frequent lately. Nevertheless, sales provided by this particular item haven't increased. He is concerned that the two night-shift employees might be involved. The best method to use for this investigation is:

Accepted Answer

A)  Theft investigation 
B)  Conversion investigation 
C)  Embezzlement investigation 
D)  Concealment investigation 
A)  Theft investigation 
B)  Conversion investigation 
C)  Embezzlement investigation 
D)  Concealment investigation

Question 19

DocLab is a division of which organization?

Accepted Answer

A)  US Marshals 
B)  FBI 
C)  CIA 
D)  ACFE 
A)  US Marshals 
B)  FBI 
C)  CIA 
D)  ACFE

Question 20

Methods for concealment investigation include all but which of the following?

Accepted Answer

A)  Document examination 
B)  Honesty testing 
C)  Audits 
D)  Computer searches 
A)  Document examination 
B)  Honesty testing 
C)  Audits 
D)  Computer searches

Which of the following terms describes the risk that the sample is not representative of the population?

Three most common ways to obtain documentary evidence are _____________.

You are completely sure of which variable to examine in a concealment fraud case. The most efficient investigation method would be:

Secondary evidence may be used in all of the following instances except:

Which of the following is not a type of Financial Statement Fraud?

Which of the following does not appear on a check, which has been cashed?

Documents presented in court are often disputed. The following are questions that arise from disputed documents except:

The risk that an auditor examines a fraudulent check and does not recognize it as being fraudulent is called:

Each of the following is true about concealment investigation EXCEPT:

Computer searches and physical asset counts usually focus on which element of a fraud?

Three most common ways to obtain documentary evidence that is usually difficult to get are _____________.

Documents are often the incriminating evidence for fraud. Which of the following should be used when ensuring that the documents are legitimate and accessible for trial?

__________ are commonly used by attorneys involved in litigation to track documents

Which of the following is not a common way to obtain hard-to-get documentary evidence?

Case Management software

An audit is a method of what investigation?

Computer searches and physical asset counts are methods for ___________.

DocLab is a division of which organization?

Methods for concealment investigation include all but which of the following?

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

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 8: Investigating Concealment

Which of the following terms describes the risk that the sample is not representative of the population?

Three most common ways to obtain documentary evidence are _____________.

You are completely sure of which variable to examine in a concealment fraud case. The most efficient investigation method would be:

Secondary evidence may be used in all of the following instances except:

Which of the following is not a type of Financial Statement Fraud?

Which of the following does not appear on a check, which has been cashed?

Documents presented in court are often disputed. The following are questions that arise from disputed documents except:

The risk that an auditor examines a fraudulent check and does not recognize it as being fraudulent is called:

Each of the following is true about concealment investigation EXCEPT:

Computer searches and physical asset counts usually focus on which element of a fraud?

Three most common ways to obtain documentary evidence that is usually difficult to get are _____________.

Documents are often the incriminating evidence for fraud. Which of the following should be used when ensuring that the documents are legitimate and accessible for trial?

__________ are commonly used by attorneys involved in litigation to track documents

Which of the following is not a common way to obtain hard-to-get documentary evidence?

Case Management software

An audit is a method of what investigation?

Computer searches and physical asset counts are methods for ___________.

DocLab is a division of which organization?

Methods for concealment investigation include all but which of the following?

The Nature of Fraud

Why People Commit Fraud

Fighting Fraud: An Overview

Preventing Fraud

Recognizing the Symptoms of Fraud

Data-Driven Fraud Detection

Investigating Theft Acts

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