Exam 11: Financial Statement Fraud

The study done by the Committee of Sponsoring Organizations (COSO)on financial statement frauds that occurred during the period from 1987-1997 had many key findings.Which of the following is NOT one among them?

(Multiple Choice)

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Question 21

Your audit team working with a newly acquired client,discovers that there has been fraudulent financial reporting for the past 5 years.Who is most likely to have been involved in the fraud?

(Multiple Choice)

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Question 22

What are special purpose entities (SPEs)?

(Multiple Choice)

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Question 23

Which of the following is an example of a perceived opportunity that can lead to financial statement fraud?

(Multiple Choice)

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Question 24

Should nonfinancial indicators be used for assessing fraud risk? Why or why not?

(Multiple Choice)

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Question 25

Examining a company's relationships with other individuals and entities can reveal important information about financial statement fraud.Identify the piece of information that is correctly linked to its source.

(Multiple Choice)

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Question 26

Which of the following organizational characteristics is an indicator of a possible fraud?

(Multiple Choice)

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Question 27

According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO),the average fraud lasts for how many months?

(Multiple Choice)

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Question 28

What is the meaning of "short sell"?

(Multiple Choice)

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Question 29

According to the study done by the Securities and Exchange Commission,greatest number of enforcement actions was in the area of ________.

(Multiple Choice)

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Question 30

An auditor adjusts the audit plan by introducing unexpected audit procedures in response to what the auditor believes management may be doing to conceal a fraud based on management's strategic reasoning.Which order of reasoning is occurring here?

(Multiple Choice)

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Question 31

Understanding a company's relationships with financial institutions and bondholders is important because:

(Multiple Choice)

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Question 32

_______ is a performance evaluation method that focuses on both financial and nonfinancial indicators of performance such as customer satisfaction.

(Multiple Choice)

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Question 33

According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO),who is the most common perpetrator of financial statement fraud?

(Multiple Choice)

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Question 34

While generally accepted accounting principles do allow flexibility,standards of _,,and must always prevail in the financial statements.

(Multiple Choice)

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Question 35

Identify an example of a perceived pressure that can motivate financial statement fraud.

(Multiple Choice)

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Question 36

Many financial statement frauds have been perpetrated because:

(Multiple Choice)

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Question 37

______ is a practice where the effective dates on stock options are deliberately changed for the purpose of securing extra pay for management.

(Multiple Choice)

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Question 38

Which of the following is NOT a kind of questions that should be asked in order to understand the exposure to management fraud?

(Multiple Choice)

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Question 39

Which legislation led to the establishment of the Public Company Accounting Oversight Board?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 40

The study done by the Committee of Sponsoring Organizations (COSO)on financial statement frauds that occurred during the period from 1987-1997 had many key findings.Which of the following is NOT one among them?

Your audit team working with a newly acquired client,discovers that there has been fraudulent financial reporting for the past 5 years.Who is most likely to have been involved in the fraud?

What are special purpose entities (SPEs)?

Which of the following is an example of a perceived opportunity that can lead to financial statement fraud?

Should nonfinancial indicators be used for assessing fraud risk? Why or why not?

Examining a company's relationships with other individuals and entities can reveal important information about financial statement fraud.Identify the piece of information that is correctly linked to its source.

Which of the following organizational characteristics is an indicator of a possible fraud?

According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO),the average fraud lasts for how many months?

What is the meaning of "short sell"?

According to the study done by the Securities and Exchange Commission,greatest number of enforcement actions was in the area of ________.

An auditor adjusts the audit plan by introducing unexpected audit procedures in response to what the auditor believes management may be doing to conceal a fraud based on management's strategic reasoning.Which order of reasoning is occurring here?

Understanding a company's relationships with financial institutions and bondholders is important because:

_______ is a performance evaluation method that focuses on both financial and nonfinancial indicators of performance such as customer satisfaction.

According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO),who is the most common perpetrator of financial statement fraud?

While generally accepted accounting principles do allow flexibility,standards of _,,and must always prevail in the financial statements.

Identify an example of a perceived pressure that can motivate financial statement fraud.

Many financial statement frauds have been perpetrated because:

______ is a practice where the effective dates on stock options are deliberately changed for the purpose of securing extra pay for management.

Which of the following is NOT a kind of questions that should be asked in order to understand the exposure to management fraud?

Which legislation led to the establishment of the Public Company Accounting Oversight Board?

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

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

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 11: Financial Statement Fraud

The study done by the Committee of Sponsoring Organizations (COSO)on financial statement frauds that occurred during the period from 1987-1997 had many key findings.Which of the following is NOT one among them?

Your audit team working with a newly acquired client,discovers that there has been fraudulent financial reporting for the past 5 years.Who is most likely to have been involved in the fraud?

What are special purpose entities (SPEs)?

Which of the following is an example of a perceived opportunity that can lead to financial statement fraud?

Should nonfinancial indicators be used for assessing fraud risk? Why or why not?

Examining a company's relationships with other individuals and entities can reveal important information about financial statement fraud.Identify the piece of information that is correctly linked to its source.

Which of the following organizational characteristics is an indicator of a possible fraud?

According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO),the average fraud lasts for how many months?

What is the meaning of "short sell"?

According to the study done by the Securities and Exchange Commission,greatest number of enforcement actions was in the area of ________.

An auditor adjusts the audit plan by introducing unexpected audit procedures in response to what the auditor believes management may be doing to conceal a fraud based on management's strategic reasoning.Which order of reasoning is occurring here?

Understanding a company's relationships with financial institutions and bondholders is important because:

_______ is a performance evaluation method that focuses on both financial and nonfinancial indicators of performance such as customer satisfaction.

According to study of financial statement frauds by the Committee of Sponsoring Organizations (COSO),who is the most common perpetrator of financial statement fraud?

While generally accepted accounting principles do allow flexibility,standards of _________,________,and ________ must always prevail in the financial statements.

Identify an example of a perceived pressure that can motivate financial statement fraud.

Many financial statement frauds have been perpetrated because:

______ is a practice where the effective dates on stock options are deliberately changed for the purpose of securing extra pay for management.

Which of the following is NOT a kind of questions that should be asked in order to understand the exposure to management fraud?

Which legislation led to the establishment of the Public Company Accounting Oversight Board?

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

Conversion Investigation Methods

Inquiry Methods and Fraud Reports

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

While generally accepted accounting principles do allow flexibility,standards of _,,and must always prevail in the financial statements.