Question 1

What is a "fiduciary duty" and give examples.

Accepted Answer

A fiduciary duty is a very high standard

Question 2

The most common anti-fraud measure used by respondents to the ACFE's National Fraud Survey was:

Accepted Answer

A)  the external audit of financial statements. 
B)  a formal code of conduct. 
C)  surprise audits. 
D)  job rotation/mandatory vacation policies. 
A)  the external audit of financial statements. 
B)  a formal code of conduct. 
C)  surprise audits. 
D)  job rotation/mandatory vacation policies.

Question 3

Which of the following acts would not be considered an abuse or abusive?

Accepted Answer

A)  Surf the Internet while at work. 
B)  Remove small amounts of cash from the cash register till. 
C)  Taking a long lunch or break. 
D)  Using sick leave to see a child's play at school. 
A)  Surf the Internet while at work. 
B)  Remove small amounts of cash from the cash register till. 
C)  Taking a long lunch or break. 
D)  Using sick leave to see a child's play at school.

Question 4

Which of the following is not a fraud risk factor?

Accepted Answer

A)  Is there adequate reward for fraud? 
B)  Is there ample opportunity for fraud? 
C)  Is there a company culture for a high tolerance of risk? 
D)  Is management focused on short-term results or personal gain? 
A)  Is there adequate reward for fraud? 
B)  Is there ample opportunity for fraud? 
C)  Is there a company culture for a high tolerance of risk? 
D)  Is management focused on short-term results or personal gain?

Question 5

From the list below, create the typical fraud perpetrator profile.

Accepted Answer

A)  Male, high school education, young, general labor, and with the company for years. 
B)  Female, high school education, young, general labor, and relatively new to the company. 
C)  Male, post secondary education, middle aged, professional, and with the company for years. 
D)  Female, post secondary education, middle aged, professional, and relatively new to the company. 
A)  Male, high school education, young, general labor, and with the company for years. 
B)  Female, high school education, young, general labor, and relatively new to the company. 
C)  Male, post secondary education, middle aged, professional, and with the company for years. 
D)  Female, post secondary education, middle aged, professional, and relatively new to the company.

Question 6

The dichotomy of fraud is it cannot occur without trust, but commerce can occur without trust.

Accepted Answer

A) True 
 B)False

Question 7

The issues addressed by a forensic accountant during litigation must be central to the allegations made by the plaintiff's or defense attorneys.

Accepted Answer

A) True 
 B)False

Question 8

Define fraud and identify a potentially fraudulent situation.

Accepted Answer

Fraud is an intentional deception, wheth

Question 9

Under generally accepted auditing standards GAAS auditors are not currently responsible for planning and performing auditing procedures to detect immaterial misstatements, regardless of whether they are caused by error or fraud.

Accepted Answer

A) True 
 B)False

Question 10

Explain what is meant by the term "financial forensics."

Accepted Answer

Financial forensics is the application o

Question 11

Practically speaking, the law generally recognizes a fiduciary duty:

Accepted Answer

A)  for cashiers and accountants. 
B)  for ordinary employees handling cash and valuables. 
C)  for officers and directors of a company. 
D)  All of the above are recognized as having a fiduciary duty. 
A)  for cashiers and accountants. 
B)  for ordinary employees handling cash and valuables. 
C)  for officers and directors of a company. 
D)  All of the above are recognized as having a fiduciary duty.

What is a "fiduciary duty" and give examples.

The most common anti-fraud measure used by respondents to the ACFE's National Fraud Survey was:

Which of the following acts would not be considered an abuse or abusive?

Which of the following is not a fraud risk factor?

From the list below, create the typical fraud perpetrator profile.

The dichotomy of fraud is it cannot occur without trust, but commerce can occur without trust.

The issues addressed by a forensic accountant during litigation must be central to the allegations made by the plaintiff's or defense attorneys.

Define fraud and identify a potentially fraudulent situation.

Under generally accepted auditing standards GAAS auditors are not currently responsible for planning and performing auditing procedures to detect immaterial misstatements, regardless of whether they are caused by error or fraud.

Explain what is meant by the term "financial forensics."

Practically speaking, the law generally recognizes a fiduciary duty:

Careers in Fraud Examination and Financial Forensics

Who Commits Fraud and Why: Criminology and Ethics

Complex Frauds and Financial Crimes

Cybercrime: Computer and Internet Fraud

Legal, Regulatory, and Professional Environment

Fraud Detection: Red Flags and Targeted Risk Assessment

Detection and Investigations

Effective Interviewing and Interrogation

Using Information Technology for Fraud Examination and Financial Forensics

Cash Receipt Schemes and Other Asset Misappropriations

Cash Disbursement Schemes

Corruption and the Human Factor

Financial Statement Fraud

Consulting, Litigation Support, and Expert Witnesses: Damages, Valuations, and Other Engagements

Remediation and Litigation Advisory Services

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Exam 1: Core Foundation Related to Fraud Examination and Financial Forensics

What is a "fiduciary duty" and give examples.

The most common anti-fraud measure used by respondents to the ACFE's National Fraud Survey was:

Which of the following acts would not be considered an abuse or abusive?

Which of the following is not a fraud risk factor?

From the list below, create the typical fraud perpetrator profile.

The dichotomy of fraud is it cannot occur without trust, but commerce can occur without trust.

The issues addressed by a forensic accountant during litigation must be central to the allegations made by the plaintiff's or defense attorneys.

Define fraud and identify a potentially fraudulent situation.

Under generally accepted auditing standards GAAS auditors are not currently responsible for planning and performing auditing procedures to detect immaterial misstatements, regardless of whether they are caused by error or fraud.

Explain what is meant by the term "financial forensics."

Practically speaking, the law generally recognizes a fiduciary duty:

Careers in Fraud Examination and Financial Forensics

Who Commits Fraud and Why: Criminology and Ethics

Complex Frauds and Financial Crimes

Cybercrime: Computer and Internet Fraud

Legal, Regulatory, and Professional Environment

Fraud Detection: Red Flags and Targeted Risk Assessment

Detection and Investigations

Effective Interviewing and Interrogation

Using Information Technology for Fraud Examination and Financial Forensics

Cash Receipt Schemes and Other Asset Misappropriations

Cash Disbursement Schemes

Corruption and the Human Factor

Financial Statement Fraud

Consulting, Litigation Support, and Expert Witnesses: Damages, Valuations, and Other Engagements

Remediation and Litigation Advisory Services

Filters