Exam 9: Conversion Investigation Methods

Under the "Net Worth Method", a person who has an increase in net worth of $100,000, known income of $80,000, and a salary of $60,000, would have unknown income of

What will perpetrators of fraud almost universally do with their stolen funds?

Which of the following statements is false regarding the net worth method?

Searching through someone's garbage is considered a legal activity when:

Using the data below the income from unknown sources for year 2 and 3 respectively are:

You are investigating a fraud in which you suspect that one of your suppliers from another state has been giving bribes and kickbacks to your purchasing agent in exchange for a lucrative, exclusive contract. Which of the following agencies/individuals would be the most helpful in investigating this fraud?

The CIA is responsible to investigate matters:

To effectively conduct conversion investigations, a fraud examiner must thoroughly understand all of the following except:

Which of the following would provide the best information regarding the FBI?

The net worth method for determining amounts embezzled is not regularly used by:

Which of the following is not a needed component for computing a person's Net Worth?

Which of the following agencies is generally the least productive in a records search?

The ____________ contains information on individuals who may be a threat to national security.

Which of the following is the correct method of applying the net worth method

Which of the following statements are true: I. The amounts determined to be stolen using the net worth method ar usually readily accepted as evidence by courts. II.Net worth calculations tend to give a conservative estimate of stolen funds.

The Net-Worth Method:

Why is the net worth method advantageous?

During an interview with Heidi Royce, she confessed to accepting $64,500 in kickbacks from a key supplier over the last 6 months. Heidi's income for the year was $48,000 and her living expenses totaled $94,500 due mainly to medical costs of $40,000. She has a current net worth of $20,000. What was her (increase/decrease) in net worth?

True or false: A net worth calculation usually yields a conservative estimate of stolen funds that is readily accepted as evidence in court.

Which government agency would provide information that is most useful detecting "dummy doctors"?