Question 1

Despite the use of SAS 99, not all fraud is detected.

Accepted Answer

A) True 
 B)False

Question 2

A false negative is:

Accepted Answer

A)  When a detective control signals a possible fraud that upon investigation turns up a reasonable explanation. 
B)  When a detective control fails to signal possible fraud when one exists. 
C)  When a preventative control signals a possible fraud that upon investigation turns up a reasonable explanation.. 
D)  When a preventative control fails to signal possible fraud when one exists.. 
A)  When a detective control signals a possible fraud that upon investigation turns up a reasonable explanation. 
B)  When a detective control fails to signal possible fraud when one exists. 
C)  When a preventative control signals a possible fraud that upon investigation turns up a reasonable explanation.. 
D)  When a preventative control fails to signal possible fraud when one exists..

Question 3

Why are tip hotlines or other tip reporting mechanisms important to formally have in place in a business?

Accepted Answer

A)  Nearly 50% of all fraud detection occurs through tip hotlines. 
B)  Forensic accounting methods lack the ability to detect most fraud. 
C)  Civil court rules of evidence do not allow charges to be brought against someone unless it is reported first. 
D)  .Over 75% of all fraud detection occurs through tip hotlines. 
A)  Nearly 50% of all fraud detection occurs through tip hotlines. 
B)  Forensic accounting methods lack the ability to detect most fraud. 
C)  Civil court rules of evidence do not allow charges to be brought against someone unless it is reported first. 
D)  .Over 75% of all fraud detection occurs through tip hotlines.

Question 4

Which of the following is not a source of data for data-driven fraud detection?

Accepted Answer

A)  Internal Control data. 
B)  Security Breach data. 
C)  United States Census data. 
D)  Pattern data. 
A)  Internal Control data. 
B)  Security Breach data. 
C)  United States Census data. 
D)  Pattern data.

Question 5

If an investigator cannot contact the tipster for more information, then this information was gathered:

Accepted Answer

A)  With Confidentially and Anonymity not requested. 
B)  Confidentially. 
C)  Publicly. 
D)  Anonymously 
A)  With Confidentially and Anonymity not requested. 
B)  Confidentially. 
C)  Publicly. 
D)  Anonymously

Question 6

Within the U.S. Federal Government, how do Inspector General's operate?

Accepted Answer

A)  They investigate possible fraud, independently of internal auditors. 
B)  They investigate possible fraud in conjunction with internal auditors. 
C)  They investigate only fraudulent situations that involve sexual harassment claims. 
D)  Inspector Generals have no authority or jurisdiction to investigate fraud. 
A)  They investigate possible fraud, independently of internal auditors. 
B)  They investigate possible fraud in conjunction with internal auditors. 
C)  They investigate only fraudulent situations that involve sexual harassment claims. 
D)  Inspector Generals have no authority or jurisdiction to investigate fraud.

Question 7

Explain Benford's Analysis and how you might use it to detect fraud.

Accepted Answer

Benford Analysis presents another intere

Question 8

Within the organization, the internal auditor has the responsibility of actively monitoring compliance with policies and behavior relating to internal control.
TRUE

Accepted Answer

A) True 
 B)False

Question 9

The fraud detection process involves:

Accepted Answer

A)  Determining the level of crime involved as criminal or civil. 
B)  Identifying indicators of fraud that suggest a need for further investigation. 
C)  Identifying the GAAP that have been violated. 
D)  Assessing a loss value to the fraud. 
A)  Determining the level of crime involved as criminal or civil. 
B)  Identifying indicators of fraud that suggest a need for further investigation. 
C)  Identifying the GAAP that have been violated. 
D)  Assessing a loss value to the fraud.

Question 10

Describe a data-driven fraud detection model.

Accepted Answer

Data-driven fraud detection involves the

Despite the use of SAS 99, not all fraud is detected.

A false negative is:

Why are tip hotlines or other tip reporting mechanisms important to formally have in place in a business?

Which of the following is not a source of data for data-driven fraud detection?

If an investigator cannot contact the tipster for more information, then this information was gathered:

Within the U.S. Federal Government, how do Inspector General's operate?

Explain Benford's Analysis and how you might use it to detect fraud.

Within the organization, the internal auditor has the responsibility of actively monitoring compliance with policies and behavior relating to internal control. TRUE

The fraud detection process involves:

Describe a data-driven fraud detection model.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters

Exam 6: Fraud Detection

Despite the use of SAS 99, not all fraud is detected.

A false negative is:

Why are tip hotlines or other tip reporting mechanisms important to formally have in place in a business?

Which of the following is not a source of data for data-driven fraud detection?

If an investigator cannot contact the tipster for more information, then this information was gathered:

Within the U.S. Federal Government, how do Inspector General's operate?

Explain Benford's Analysis and how you might use it to detect fraud.

Within the organization, the internal auditor has the responsibility of actively monitoring compliance with policies and behavior relating to internal control. TRUE

The fraud detection process involves:

Describe a data-driven fraud detection model.

Introduction to Forensic Accounting and Fraud Examination

The Forensic Accounting Legal Environment

Fundamentals I: Accounting Information Systems

Fundamentals II: The Auditing Environment

Fraud Prevention and Risk Management

The Fraud Investigation and Engagement Processes

The Evidence Collection Process

Fraud Examination Evidence I: Physical, Documentary, and Observational Evidence

Fraud Examination Evidence II: Interview and Interrogation Methods

Fraud Examination Evidence III: Forensic Science and Computer Forensics

The Fraud Report, Litigation, and the Recovery Process

Employee, Vendor, and Other Frauds Against the Organization

Financial Statement Fraud

Fraud and Sox Compliance

Tax Fraud

Bankruptcy, Divorce, Identity Theft

Organized Crime, Counterterrorism, and Anti-Money Laundering

Business Valuation

Dispute Resolution Services

Filters