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Employee anti-fraud education should:
Employee anti-fraud education should:A . Include examples of prior employee misconduct and how those situations were handledB . Include descriptions of the procedures that management uses to detect fraud.C . Be restricted to formal educational mechanisms to reinforce the importance of the messageD . Be presented by organizational executives or...
In a company with all of the following parties, who should have primary responsibility for the oversight of the organization s compliance program?
In a company with all of the following parties, who should have primary responsibility for the oversight of the organization s compliance program?A . The board of directorsB . General counselC . Internal auditD . The chief ethics officerView AnswerAnswer: A
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines_____________as "a process, effected by an entity s board of directors management. and other personnel designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines_____________as "a process, effected by an entity s board of directors management. and other personnel designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."A . Fraud risk managementB . Corporate complianceC . Internal...
Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?
Which of the following is NOT included in G20/OECD Principles of Corporate Governance (the Principles)?A . A request that governments have in place an appropriate framework to support good corporate governance practicesB . Recognition of the importance of the role of stakeholders in corporate governanceC . Support for establishing stronger...
As part of her audit of ABC Corp . Rachel, a CPA. is identifying the risks of material misstatement due to fraud As part of this task, she should evaluate any unexpected relationships that she identified in performing analytical procedures.
As part of her audit of ABC Corp . Rachel, a CPA. is identifying the risks of material misstatement due to fraud As part of this task, she should evaluate any unexpected relationships that she identified in performing analytical procedures. A. True B. FalseView AnswerAnswer: A
International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the prevention and detection of fraud within an organization
International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the prevention and detection of fraud within an organizationA . TrueB . FalseView AnswerAnswer: B
Professional auditing standards suggest that auditors incorporate an "element of predictability" in the selection of auditing procedures to be performed so that they ensure the same areas are tested in the same manner during each audit.
Professional auditing standards suggest that auditors incorporate an "element of predictability" in the selection of auditing procedures to be performed so that they ensure the same areas are tested in the same manner during each audit.A . TrueB . FalseView AnswerAnswer: A
Management at ABC Corp. is assessing the company s ethical tone and how it affects the organization s fraud risk. To most effectively reinforce an anti-fraud culture, management should
Management at ABC Corp. is assessing the company s ethical tone and how it affects the organization s fraud risk. To most effectively reinforce an anti-fraud culture, management shouldA . Create an environment in which employees feel safe challenging managements decisionsB . Use a checklist of initiatives to make sure...
According to G20/OECD Principles of Corporate Governance (the Principles):
According to G20/OECD Principles of Corporate Governance (the Principles):A . Governments should have in place a corporate governance framework that promotes transparent and fair marketsB . Companies should disclose all financial information to investors, regardless of the cost burden of the disclosureC . A corporate governance framework should focus on...
White, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. She did not find fraud, but. in White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud. Under the ACFE Code of Professional Ethics. White may include her opinion on the controls in her report to management
White, a Certified Fraud Examiner (CFE). was hired to conduct a fraud examination. She did not find fraud, but. in White's opinion, there were several internal control deficiencies that, if not remediated, could facilitate the occurrence of fraud. Under the ACFE Code of Professional Ethics. White may include her opinion...
