Question 1

Which of the following statements is true?

Accepted Answer

A) Fraud usually results from unintentional errors. 
B) Fraud is more violent and traumatic than robbery. 
C) Fraud always involves deception, confidence and trickery. 
D) Losses from fraud are less than losses from robbery. 
A) Fraud usually results from unintentional errors. 
B) Fraud is more violent and traumatic than robbery. 
C) Fraud always involves deception, confidence and trickery. 
D) Losses from fraud are less than losses from robbery.

Question 2

Which legal code makes the bribing of public officials illegal?

Accepted Answer

A) Title 18, U.S.Code Section 201 
B) Title 41, U.S.Code Section 51 to 58 
C) Title 18, U.S.Code Section 1341 
D) Title 18, U.S.Code Section 1344 
A) Title 18, U.S.Code Section 201 
B) Title 41, U.S.Code Section 51 to 58 
C) Title 18, U.S.Code Section 1341 
D) Title 18, U.S.Code Section 1344

Question 3

The GDP in the economy of Ponziland was $5 billion in the year prior to the frauds (year 1).The economy were growing at 4 percent.Frauds during the year reduce aggregate income by $200 million.During the year,the economy has:

Accepted Answer

A) shrunk by 1 percent. 
B) grown by only 1 percent. 
C) remained flat. 
D) grown by 4 percent. 
A) shrunk by 1 percent. 
B) grown by only 1 percent. 
C) remained flat. 
D) grown by 4 percent.

Question 4

​Which of the following statements regarding fraud on behalf of an organization is true?

Accepted Answer

A) ​Middle management is usually the perpetrator. 
B) ​This type of fraud benefits top executives as it generally increases stock price. 
C) ​This type of fraud includes inflating expenses in order to save of corporate income taxes. 
D) ​Financial statement fraud is common among publically-traded companies who must meet the public's expectations. 
A) ​Middle management is usually the perpetrator. 
B) ​This type of fraud benefits top executives as it generally increases stock price. 
C) ​This type of fraud includes inflating expenses in order to save of corporate income taxes. 
D) ​Financial statement fraud is common among publically-traded companies who must meet the public's expectations.

Question 5

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?​

Accepted Answer

A) ​sales experience 
B) ​auto mechanic 
C) ​data entry clerk 
D) ​journalist 
A) ​sales experience 
B) ​auto mechanic 
C) ​data entry clerk 
D) ​journalist

Question 6

What is required to prove fraud,as opposed to negligence?

Accepted Answer

A) Gross error 
B) Intent 
C) Preponderance of the evidence 
D) Confession from the perpetrator 
A) Gross error 
B) Intent 
C) Preponderance of the evidence 
D) Confession from the perpetrator

Question 7

Which of the following frauds is usually the most expensive?

Accepted Answer

A) Vendor fraud 
B) Customer fraud 
C) Occupational fraud 
D) Financial statement fraud 
A) Vendor fraud 
B) Customer fraud 
C) Occupational fraud 
D) Financial statement fraud

Question 8

The ACFE does NOT include which of the major categories of occupational fraud listed below?

Accepted Answer

A) asset misappropriations. 
B) corruption. 
C) fraudulent statements. 
D) pension fraud. 
A) asset misappropriations. 
B) corruption. 
C) fraudulent statements. 
D) pension fraud.

Question 9

Which of the following is NOT one of the major types of fraud classification schemes?

Accepted Answer

A) Employee embezzlement 
B) Government fraud 
C) Investment scams 
D) Customer fraud 
A) Employee embezzlement 
B) Government fraud 
C) Investment scams 
D) Customer fraud

Question 10

Which among the following frauds is most likely to be a civil charge?

Accepted Answer

A) Racketeering 
B) Mail fraud 
C) Defamation 
D) Perjury 
A) Racketeering 
B) Mail fraud 
C) Defamation 
D) Perjury

Which of the following statements is true?

Which legal code makes the bribing of public officials illegal?

The GDP in the economy of Ponziland was $5 billion in the year prior to the frauds (year 1).The economy were growing at 4 percent.Frauds during the year reduce aggregate income by $200 million.During the year,the economy has:

Which of the following statements regarding fraud on behalf of an organization is true?

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?

What is required to prove fraud,as opposed to negligence?

Which of the following frauds is usually the most expensive?

The ACFE does NOT include which of the major categories of occupational fraud listed below?

Which of the following is NOT one of the major types of fraud classification schemes?

Which among the following frauds is most likely to be a civil charge?

Who Commits Fraud and Why

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

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

E-Commerce Fraud

Legal Follow-Up

Filters

Exam 1: The Nature of Fraud

Which of the following statements is true?

Which legal code makes the bribing of public officials illegal?

The GDP in the economy of Ponziland was $5 billion in the year prior to the frauds (year 1).The economy were growing at 4 percent.Frauds during the year reduce aggregate income by $200 million.During the year,the economy has:

​Which of the following statements regarding fraud on behalf of an organization is true?

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?​

What is required to prove fraud,as opposed to negligence?

Which of the following frauds is usually the most expensive?

The ACFE does NOT include which of the major categories of occupational fraud listed below?

Which of the following is NOT one of the major types of fraud classification schemes?

Which among the following frauds is most likely to be a civil charge?

Who Commits Fraud and Why

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

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

E-Commerce Fraud

Legal Follow-Up

Filters

Which of the following statements regarding fraud on behalf of an organization is true?

Which of the following skills would be least beneficial in a career as a fraud-fighting professional?