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A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:
A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:A . Conflict of interest in saleB . Turnaround sale or flipC . Unauthorized saleD . Written sale of unique assetsView AnswerAnswer: B
__________ can be defined as conduct detrimental to the organization and to the
__________ can be defined as conduct detrimental to the organization and to the employee.A . Employee devianceB . Employee theftC . Employee fraudD . All of the aboveView AnswerAnswer: A
Delivery has not occurred or services have not been rendered when:
Delivery has not occurred or services have not been rendered when:A . Until installation and customer testing and acceptance has occurred.B . A written order exists but contains a right of return.C . Both A & BD . Neither A nor BView AnswerAnswer: B
Employees with the authority to grant discounts in order to skim revenues may use which authority?
Employees with the authority to grant discounts in order to skim revenues may use which authority?A . False discountsB . Recording a discount on sale procedureC . Internal discount sales auditsD . None of the aboveView AnswerAnswer: A
Which of the following method is NOT used to detect conflicts of interest?
Which of the following method is NOT used to detect conflicts of interest?A . Tips & ComplaintsB . Review of vendor ownership filesC . Underbillings of assetsD . Interviews with purchasing personnelView AnswerAnswer: C
The behavior profile of employees who are involved in bribery schemes may include:
The behavior profile of employees who are involved in bribery schemes may include:A . Gambling habitB . Extravagant lifestyleC . Drug and/or alcohol addictionD . All of the aboveView AnswerAnswer: D
number of categories on the financial statement?
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?A . OneB . At least twoC . More than twoD . None of aboveView AnswerAnswer: A
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:A . Inventory larceny schemeB . Asset receiving schemeC . Fraudulent purchaseD . Falsify shippingView AnswerAnswer: A
The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:
The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:A . Conflict of interestB . CorruptionC . BriberyD . OverbillingView AnswerAnswer: B
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:A . Check disbursementB . Bank confirmationC . Bank confirmationD . Cut-off statementsView AnswerAnswer: C
