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CORRECT TEXT
CORRECT TEXT ___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.View AnswerAnswer: Statistical sampling
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.A . TrueB . FalseView AnswerAnswer: A
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:A . Forced BalanceB . Out-of-balanceC . False balanceD . None of allView AnswerAnswer: A
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:A . High-resolution spraysB . Holographic safety inksC . Watermark backersD . Chrome coloringView AnswerAnswer: C
One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.
One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.A . TrueB . FalseView AnswerAnswer: B
__________ may be defined as the offering, giving, receiving or soliciting anything of value
__________ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.A . CorruptionB . Diverting business to vendorsC . BriberyD . Lacking approval authorityView AnswerAnswer: C
Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:
Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:A . Fraudulent statement schemeB . Asset misappropriation schemeC . Larceny schemeD . Register disbursement schemeView AnswerAnswer: D
A typical issue involving material and fraud would be:
A typical issue involving material and fraud would be:A . Fraudulent statementB . MisappropriationsC . Civil lawsuitD . Quality controlView AnswerAnswer: B
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:A . Tangible AssetsB . Intangible AssetsC . Forced AssetsD . None of aboveView AnswerAnswer: B
A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:
A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:A . Bid openingB . Fictitious BiddingC . Bid poolingD . Bid logView AnswerAnswer: C
