Question 1

What do you mean by opting out?

Accepted Answer

A) Serving a written notice,denying the bank the right to sell personal information. 
B) Withdrawing from a fraud being perpetrated by a colleague. 
C) A bidder denying to pay the proceeds of the bid on becoming bankrupt 
D) Whistle-blowing by a person who was part of a fraud earlier.. 
A) Serving a written notice,denying the bank the right to sell personal information. 
B) Withdrawing from a fraud being perpetrated by a colleague. 
C) A bidder denying to pay the proceeds of the bid on becoming bankrupt 
D) Whistle-blowing by a person who was part of a fraud earlier..

Question 2

Which of the following is a primary reason for conducting conversion searches?

Accepted Answer

A) To determine the extent of embezzlement. 
B) To identify how perpetrators conceal frauds. 
C) To develop a vulnerability chart. 
D) To understand the suspect's reaction to crisis. 
A) To determine the extent of embezzlement. 
B) To identify how perpetrators conceal frauds. 
C) To develop a vulnerability chart. 
D) To understand the suspect's reaction to crisis.

Question 3

Name the government agency whose information is valuable in tracing assets,establishing conflicts of interest,identifying dummy companies,and determining changes in financial status.

Accepted Answer

A) Department of Business Regulation 
B) Permit Department 
C) Secretary of State 
D) County clerk 
A) Department of Business Regulation 
B) Permit Department 
C) Secretary of State 
D) County clerk

Question 4

Which of the following does NOT constitute a federal source of information?

Accepted Answer

A) County clerk 
B) CIA 
C) Secret service 
D) FBI 
A) County clerk 
B) CIA 
C) Secret service 
D) FBI

Question 5

Identify the usual order of net worth calculations used to determine stolen funds.

Accepted Answer

A) Find net worth,find the net worth increase,find income,find the funds from unknown sources 
B) Find net worth,find income,find the funds from known sources,find the net worth increase 
C) Find income,find net worth,find the net worth increase,find the funds from unknown sources 
D) Find net worth,find the net worth increase,find the funds from known sources,find income 
A) Find net worth,find the net worth increase,find income,find the funds from unknown sources 
B) Find net worth,find income,find the funds from known sources,find the net worth increase 
C) Find income,find net worth,find the net worth increase,find the funds from unknown sources 
D) Find net worth,find the net worth increase,find the funds from known sources,find income

Question 6

Net Worth Increase + Living Expenses =

Accepted Answer

A) Income 
B) Funds from known sources 
C) Liabilities 
D) Assets 
A) Income 
B) Funds from known sources 
C) Liabilities 
D) Assets

Question 7

Identify the state agency that maintains licensing information about various professionals.

Accepted Answer

A) Department of Vital Statistics 
B) Department of Business Regulation 
C) Permit Department 
D) County clerk 
A) Department of Vital Statistics 
B) Department of Business Regulation 
C) Permit Department 
D) County clerk

Question 8

Using the data given below,calculate the income from unknown sources for years 2 and 3 respectively.

Accepted Answer

A) (i)-3,200;-26,200 
B) (i)65,800;47,800 
C) (i)76,600;56,600 
D) (i)69,000;74,000 
A) (i)-3,200;-26,200 
B) (i)65,800;47,800 
C) (i)76,600;56,600 
D) (i)69,000;74,000

Question 9

To find marital and voting record,one would need to look at the records maintained by:

Accepted Answer

A) county sheriff and other officers 
B) Social Security Administration 
C) county clerk 
D) local courts 
A) county sheriff and other officers 
B) Social Security Administration 
C) county clerk 
D) local courts

Question 10

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter.She obtains account history and orders newspaper for six month.Has Mandy committed a fraud? If yes,under which act?

Accepted Answer

A) No,the newspaper has not yet been delivered or paid. 
B) Yes,she is in violation of the Gramm-Leach Bliley Act of 1999. 
C) No,as the neighbor has not served any written notice to keep the information private. 
D) Yes,she is in violation of Fair Credit Reporting Act of 1971. 
A) No,the newspaper has not yet been delivered or paid. 
B) Yes,she is in violation of the Gramm-Leach Bliley Act of 1999. 
C) No,as the neighbor has not served any written notice to keep the information private. 
D) Yes,she is in violation of Fair Credit Reporting Act of 1971.

Question 11

Which of the following is classified as a state source of information?

Accepted Answer

A) Social Security Administration 
B) Utility records 
C) Department of Motor Vehicles 
D) Permit departments 
A) Social Security Administration 
B) Utility records 
C) Department of Motor Vehicles 
D) Permit departments

Question 12

What of the following makes the net worth method ineffective in some situations?

Accepted Answer

A) It gives a conservative estimate of stolen funds which are not readily accepted as evidence by courts. 
B) It rarely facilitates obtaining confessions from the suspects. 
C) When people have income,they either purchase additional assets,pay off liabilities,or improve their lifestyle,thus increasing living expenses. 
D) Embezzlers typically spend their money on food,jewelery,vacation,and other luxuries that are difficult to track. 
A) It gives a conservative estimate of stolen funds which are not readily accepted as evidence by courts. 
B) It rarely facilitates obtaining confessions from the suspects. 
C) When people have income,they either purchase additional assets,pay off liabilities,or improve their lifestyle,thus increasing living expenses. 
D) Embezzlers typically spend their money on food,jewelery,vacation,and other luxuries that are difficult to track.

Question 13

Name the major database maintained by the FBI.

Accepted Answer

A) CIA 
B) UCC filings 
C) DEA 
D) NCIC 
A) CIA 
B) UCC filings 
C) DEA 
D) NCIC

Question 14

Income from known sources subtracted from the total income gives a reasonable estimate of:

Accepted Answer

A) Unknown funds 
B) Liabilities 
C) Living expenses 
D) Net worth 
A) Unknown funds 
B) Liabilities 
C) Living expenses 
D) Net worth

Question 15

Which of the following is a primary reason for conducting conversion searches?

Accepted Answer

A) To find out suspect's feelings about the organization. 
B) To understand the suspect's reaction to crisis. 
C) To check the extent of sudden changes in lifestyle. 
D) To gather evidence that can be used in interrogations to obtain a confession. 
A) To find out suspect's feelings about the organization. 
B) To understand the suspect's reaction to crisis. 
C) To check the extent of sudden changes in lifestyle. 
D) To gather evidence that can be used in interrogations to obtain a confession.

Question 16

The Gramm-Leach Bliley Act prohibits:

Accepted Answer

A) telemarketers from selling information to corporations. 
B) the use of false pretenses to access the personal information of others. 
C) public from accessing the criminal database of FBI. 
D) customers to opt out of information sharing. 
A) telemarketers from selling information to corporations. 
B) the use of false pretenses to access the personal information of others. 
C) public from accessing the criminal database of FBI. 
D) customers to opt out of information sharing.

What do you mean by opting out?

Which of the following is a primary reason for conducting conversion searches?

Name the government agency whose information is valuable in tracing assets,establishing conflicts of interest,identifying dummy companies,and determining changes in financial status.

Which of the following does NOT constitute a federal source of information?

Identify the usual order of net worth calculations used to determine stolen funds.

Net Worth Increase + Living Expenses =

Identify the state agency that maintains licensing information about various professionals.

Using the data given below,calculate the income from unknown sources for years 2 and 3 respectively.

To find marital and voting record,one would need to look at the records maintained by:

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter.She obtains account history and orders newspaper for six month.Has Mandy committed a fraud? If yes,under which act?

Which of the following is classified as a state source of information?

What of the following makes the net worth method ineffective in some situations?

Name the major database maintained by the FBI.

Income from known sources subtracted from the total income gives a reasonable estimate of:

Which of the following is a primary reason for conducting conversion searches?

The Gramm-Leach Bliley Act prohibits:

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

Investigating Concealment

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 9: Conversion Investigation Methods

What do you mean by opting out?

Which of the following is a primary reason for conducting conversion searches?

Name the government agency whose information is valuable in tracing assets,establishing conflicts of interest,identifying dummy companies,and determining changes in financial status.

Which of the following does NOT constitute a federal source of information?

Identify the usual order of net worth calculations used to determine stolen funds.

Net Worth Increase + Living Expenses =

Identify the state agency that maintains licensing information about various professionals.

Using the data given below,calculate the income from unknown sources for years 2 and 3 respectively.

To find marital and voting record,one would need to look at the records maintained by:

Mandy calls a local newspaper and pretends to be a neighbor who is away for the winter.She obtains account history and orders newspaper for six month.Has Mandy committed a fraud? If yes,under which act?

Which of the following is classified as a state source of information?

What of the following makes the net worth method ineffective in some situations?

Name the major database maintained by the FBI.

Income from known sources subtracted from the total income gives a reasonable estimate of:

Which of the following is a primary reason for conducting conversion searches?

The Gramm-Leach Bliley Act prohibits:

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

Investigating Concealment

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