Question 1

All of the following factors can be associated with high levels of fraud and detract from a positive work environment EXCEPT:

Accepted Answer

A) top management that does not pay attention to behavior of employees. 
B) lack of recognition of job performance. 
C) unrealistically low pay. 
D) low turnover. 
A) top management that does not pay attention to behavior of employees. 
B) lack of recognition of job performance. 
C) unrealistically low pay. 
D) low turnover.

Question 2

Which of the following elements listed is one of the three basic elements of the fraud motivation triangle?

Accepted Answer

A) Concealment 
B) Theft Act 
C) Opportunity 
D) Conversion 
A) Concealment 
B) Theft Act 
C) Opportunity 
D) Conversion

Question 3

Which of the following is a prerequisite for a fraud investigation?

Accepted Answer

A) Predication 
B) A specific allegation of fraud against another party 
C) Consistent bottom-line improvement 
D) Rationalization 
A) Predication 
B) A specific allegation of fraud against another party 
C) Consistent bottom-line improvement 
D) Rationalization

Question 4

In recent years,organizations have implemented a number of initiatives to more proactively detect fraud.The first and most common proactive fraud detection approach has been to:

Accepted Answer

A) install reporting hotlines. 
B) conduct undercover operations. 
C) install surveilance cameras. 
D) collect physical evidence. 
A) install reporting hotlines. 
B) conduct undercover operations. 
C) install surveilance cameras. 
D) collect physical evidence.

Question 5

Which of the following is true of the "swing group" of employees in organizations?

Accepted Answer

A) Individuals in this group have situational ethics. 
B) Individuals in this group are dishonest most of the time. 
C) Individuals in this group do not know how to translate their ethical values to the business world. 
D) Individuals in this group lack ethical courage. 
A) Individuals in this group have situational ethics. 
B) Individuals in this group are dishonest most of the time. 
C) Individuals in this group do not know how to translate their ethical values to the business world. 
D) Individuals in this group lack ethical courage.

Question 6

Which area of investigative method involves searching for ways in which perpetrators have spent or used their stolen assets?

Accepted Answer

A) Theft act 
B) Concealment 
C) Conversion 
D) Collusion 
A) Theft act 
B) Concealment 
C) Conversion 
D) Collusion

Question 7

Audits,public record searches,and net worth calculations are used to gather what type of evidence in fraud investigation?

Accepted Answer

A) Testimonial 
B) Forensic 
C) Documentary 
D) Observational 
A) Testimonial 
B) Forensic 
C) Documentary 
D) Observational

Question 8

Which legislation makes it compulsory for every public company to have a code of conduct to convey expectations about what is and is not appropriate for its directors and officers?

Accepted Answer

A) Sherman Act 
B) Glass-Steagall Act 
C) Sarbanes Oxley Act 
D) Gramm-Leach-Bliley Act 
A) Sherman Act 
B) Glass-Steagall Act 
C) Sarbanes Oxley Act 
D) Gramm-Leach-Bliley Act

Question 9

Which of the following key activities related to fraud,is the most important and cost-effective way to reduce losses from fraud?

Accepted Answer

A) Follow-up legal action 
B) Early fraud detection 
C) Fraud investigation 
D) Fraud prevention 
A) Follow-up legal action 
B) Early fraud detection 
C) Fraud investigation 
D) Fraud prevention

Question 10

A person may have very strong ethics in the way he or she treats family and friends,but not understand how failure to submit tax withholdings to the government affects peoples' lives or constitutes unethical or fraudulent behavior.This is an ethical issue encountered in which level of the ethical maturity model?

Accepted Answer

A) Personal ethical understanding 
B) Ethical courage 
C) Ethical leadership 
D) Application of ethics to business situations 
A) Personal ethical understanding 
B) Ethical courage 
C) Ethical leadership 
D) Application of ethics to business situations

Question 11

The most effective way to involve employees in the monitoring process is to provide a protocol for which of the following?

Accepted Answer

A) communication 
B) office etiquette 
C) administrative action 
D) management oversight 
A) communication 
B) office etiquette 
C) administrative action 
D) management oversight

Question 12

​Which of the following is a result of the presence of fraud prevention controls within an organization?

Accepted Answer

A) ​Employees are less likely to commit fraud. 
B) ​The organization bonding insurance company will reduce its rate based on the controls in place. 
C) ​The auditors will be less thorough during audits. 
D) ​Employees feel more trusted. 
A) ​Employees are less likely to commit fraud. 
B) ​The organization bonding insurance company will reduce its rate based on the controls in place. 
C) ​The auditors will be less thorough during audits. 
D) ​Employees feel more trusted.

Question 13

Although there are multiple approaches to fraud investigation,most investigators tend to rely heavily on ______.

Accepted Answer

A) invigilation 
B) surveillance 
C) interviews 
D) confrontation 
A) invigilation 
B) surveillance 
C) interviews 
D) confrontation

Question 14

Which of the following statements is TRUE?

Accepted Answer

A) External auditors are usually specifically trained to detect fraud. 
B) Audits of books and records rarely discover frauds. 
C) Less than 5 percent of all frauds are detected by auditors. 
D) The presence of auditors provides a major deterrent effect. 
A) External auditors are usually specifically trained to detect fraud. 
B) Audits of books and records rarely discover frauds. 
C) Less than 5 percent of all frauds are detected by auditors. 
D) The presence of auditors provides a major deterrent effect.

Question 15

Which is the highest level in the ethical maturity model?

Accepted Answer

A) Ethical leadership 
B) Ethical courage 
C) Personal ethical understanding 
D) Application of ethics to business situations 
A) Ethical leadership 
B) Ethical courage 
C) Personal ethical understanding 
D) Application of ethics to business situations

Question 16

Which of the following is NOT a part of the evidence square?

Accepted Answer

A) Management evidence 
B) Documentary evidence 
C) Testimonial evidence 
D) Physical evidence 
A) Management evidence 
B) Documentary evidence 
C) Testimonial evidence 
D) Physical evidence

All of the following factors can be associated with high levels of fraud and detract from a positive work environment EXCEPT:

Which of the following elements listed is one of the three basic elements of the fraud motivation triangle?

Which of the following is a prerequisite for a fraud investigation?

In recent years,organizations have implemented a number of initiatives to more proactively detect fraud.The first and most common proactive fraud detection approach has been to:

Which of the following is true of the "swing group" of employees in organizations?

Which area of investigative method involves searching for ways in which perpetrators have spent or used their stolen assets?

Audits,public record searches,and net worth calculations are used to gather what type of evidence in fraud investigation?

Which legislation makes it compulsory for every public company to have a code of conduct to convey expectations about what is and is not appropriate for its directors and officers?

Which of the following key activities related to fraud,is the most important and cost-effective way to reduce losses from fraud?

The most effective way to involve employees in the monitoring process is to provide a protocol for which of the following?

Which of the following is a result of the presence of fraud prevention controls within an organization?

Although there are multiple approaches to fraud investigation,most investigators tend to rely heavily on ______.

Which of the following statements is TRUE?

Which is the highest level in the ethical maturity model?

Which of the following is NOT a part of the evidence square?

The Nature of Fraud

Who Commits Fraud and Why

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 3: Fighting Fraud: an Overview

All of the following factors can be associated with high levels of fraud and detract from a positive work environment EXCEPT:

Which of the following elements listed is one of the three basic elements of the fraud motivation triangle?

Which of the following is a prerequisite for a fraud investigation?

In recent years,organizations have implemented a number of initiatives to more proactively detect fraud.The first and most common proactive fraud detection approach has been to:

Which of the following is true of the "swing group" of employees in organizations?

Which area of investigative method involves searching for ways in which perpetrators have spent or used their stolen assets?

Audits,public record searches,and net worth calculations are used to gather what type of evidence in fraud investigation?

Which legislation makes it compulsory for every public company to have a code of conduct to convey expectations about what is and is not appropriate for its directors and officers?

Which of the following key activities related to fraud,is the most important and cost-effective way to reduce losses from fraud?

The most effective way to involve employees in the monitoring process is to provide a protocol for which of the following?

​Which of the following is a result of the presence of fraud prevention controls within an organization?

Although there are multiple approaches to fraud investigation,most investigators tend to rely heavily on ______.

Which of the following statements is TRUE?

Which is the highest level in the ethical maturity model?

Which of the following is NOT a part of the evidence square?

The Nature of Fraud

Who Commits Fraud and Why

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 is a result of the presence of fraud prevention controls within an organization?