Question 1

Identify the statement that does NOT represent one of the four types of corruption.

Accepted Answer

A) Offering, giving, receiving, or soliciting anything of value in order to influence an official act. 
B) Overbilling the company for travel and other related business expenses, such as business lunches, hotel bills, and air travel. 
C) The employee demands a payment from a vendor in order to make a decision in that vendor's favor. 
D) The exertion of an employee's influence to the detriment of his or her company. 
A) Offering, giving, receiving, or soliciting anything of value in order to influence an official act. 
B) Overbilling the company for travel and other related business expenses, such as business lunches, hotel bills, and air travel. 
C) The employee demands a payment from a vendor in order to make a decision in that vendor's favor. 
D) The exertion of an employee's influence to the detriment of his or her company.

Question 2

Identify the unlawful trading schemes engaged in through mutual funds.

Accepted Answer

A) Leveraging and layering 
B) Commission fraud and speculative trading 
C) Market timing and late trading 
D) Circular trading and NAV manipulation 
A) Leveraging and layering 
B) Commission fraud and speculative trading 
C) Market timing and late trading 
D) Circular trading and NAV manipulation

Question 3

Identify the most common conflict of interest schemes.

Accepted Answer

A) purchase schemes and sales schemes 
B) bid-rigging schemes and kickbacks 
C) ghost employees and commission schemes 
D) false refunds and false voids. 
A) purchase schemes and sales schemes 
B) bid-rigging schemes and kickbacks 
C) ghost employees and commission schemes 
D) false refunds and false voids.

Question 4

Which of the following is NOT an example of a commission-based payroll fraud?

Accepted Answer

A) Creating fictitious sales. 
B) Manipulating the number of hours worked and the rate of pay. 
C) Falsifying the value of sales made by altering prices listed on sales documents. 
D) Overstating sales by claiming sales made by another employee or in another period. 
A) Creating fictitious sales. 
B) Manipulating the number of hours worked and the rate of pay. 
C) Falsifying the value of sales made by altering prices listed on sales documents. 
D) Overstating sales by claiming sales made by another employee or in another period.

Question 5

Asset misappropriation is defined as:

Accepted Answer

A) a scheme that involves offering, giving, receiving, or soliciting anything of value to influence an official act. 
B) demanding payment from a vendor in order to make or influence a decision in a vendor's favor. 
C) deceiving individuals in putting their money into a fake investment. 
D) a scheme that involves an employee prepares a fraudulent check for his or her own benefit. 
A) a scheme that involves offering, giving, receiving, or soliciting anything of value to influence an official act. 
B) demanding payment from a vendor in order to make or influence a decision in a vendor's favor. 
C) deceiving individuals in putting their money into a fake investment. 
D) a scheme that involves an employee prepares a fraudulent check for his or her own benefit.

Question 6

Which fraud is committed by an employee who doesn't record customer sales and pockets the payment?

Accepted Answer

A) Larceny 
B) Disbursement 
C) Skimming 
D) Illegal gratuities 
A) Larceny 
B) Disbursement 
C) Skimming 
D) Illegal gratuities

Question 7

Which of the following statements with reference to extortion is true?

Accepted Answer

A) It is a crime even if the extortion message is only sent but not received. 
B) The words "pay up or else" are insufficient to constitute extortion. 
C) It is a crime even if the extortion message is sent either unwillingly or without the knowledge of the sender. 
D) An extortionate threat made to another in jest is not extortion. 
A) It is a crime even if the extortion message is only sent but not received. 
B) The words "pay up or else" are insufficient to constitute extortion. 
C) It is a crime even if the extortion message is sent either unwillingly or without the knowledge of the sender. 
D) An extortionate threat made to another in jest is not extortion.

Question 8

Which of the payroll fraud scheme listed below tend to generate the largest losses?

Accepted Answer

A) commission 
B) falsified hours and salary 
C) ghost employee 
D) false worker compensation 
A) commission 
B) falsified hours and salary 
C) ghost employee 
D) false worker compensation

Question 9

Larceny is easier to detect than skimming because:

Accepted Answer

A) larceny involves stealing cash after it has already been recorded in the company's accounting system. 
B) larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash. 
C) larceny involves stealing cash as it is paid by a customer. 
D) larcenies can take place in any circumstance in which an employee has access to cash. 
A) larceny involves stealing cash after it has already been recorded in the company's accounting system. 
B) larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash. 
C) larceny involves stealing cash as it is paid by a customer. 
D) larcenies can take place in any circumstance in which an employee has access to cash.

Question 10

Which of the following statements regarding larceny is NOT true?

Accepted Answer

A) Larceny is easier to detect than skimming and is less common. 
B) Larceny occurs when employees steal cash before the amounts have been recorded in the accounting system. 
C) Smaller occurrences of larceny are often written off as "shorts" or "miscounts." 
D) Perpetrators of larcenies must have direct access to inventory or other assets. 
A) Larceny is easier to detect than skimming and is less common. 
B) Larceny occurs when employees steal cash before the amounts have been recorded in the accounting system. 
C) Smaller occurrences of larceny are often written off as "shorts" or "miscounts." 
D) Perpetrators of larcenies must have direct access to inventory or other assets.

Identify the statement that does NOT represent one of the four types of corruption.

Identify the unlawful trading schemes engaged in through mutual funds.

Identify the most common conflict of interest schemes.

Which of the following is NOT an example of a commission-based payroll fraud?

Asset misappropriation is defined as:

Which fraud is committed by an employee who doesn't record customer sales and pockets the payment?

Which of the following statements with reference to extortion is true?

Which of the payroll fraud scheme listed below tend to generate the largest losses?

Larceny is easier to detect than skimming because:

Which of the following statements regarding larceny is NOT true?

The Nature of Fraud

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

Consumer Fraud

Bankruptcy, divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters

Exam 14: Fraud Against Organizations

Identify the statement that does NOT represent one of the four types of corruption.

Identify the unlawful trading schemes engaged in through mutual funds.

Identify the most common conflict of interest schemes.

Which of the following is NOT an example of a commission-based payroll fraud?

Asset misappropriation is defined as:

Which fraud is committed by an employee who doesn't record customer sales and pockets the payment?

Which of the following statements with reference to extortion is true?

Which of the payroll fraud scheme listed below tend to generate the largest losses?

Larceny is easier to detect than skimming because:

Which of the following statements regarding larceny is NOT true?

The Nature of Fraud

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

Consumer Fraud

Bankruptcy, divorce, and Tax Fraud

E-Commerce Fraud

Legal Follow-Up

Filters