Question 1

Which is not a type of fraudulent disbursement?

Accepted Answer

A)  Expense reimbursement Scheme 
B)  Check tampering 
C)  Payroll Schemes 
D)  Larceny 
A)  Expense reimbursement Scheme 
B)  Check tampering 
C)  Payroll Schemes 
D)  Larceny D

Question 2

Removal of cash from a victim organization prior to its entry in an accounting system would be considered:

Accepted Answer

A)  Extortion 
B)  Disbursement Fraud 
C)  Skimming 
D)  Larceny 
E)  Check tampering 
A)  Extortion 
B)  Disbursement Fraud 
C)  Skimming 
D)  Larceny 
E)  Check tampering C

Question 3

The term Larceny means:

Accepted Answer

A)  Intentionally taking an employer's cash or other assets without the consent and against the will of the employer, before it has been recorded in the company's accounting system. 
B)  Creating ghost employees and overpaying wages 
C)  Intentionally taking an employer's cash or other assets without the consent and against the will of the employer, after it has been recorded in the company's accounting system. 
D)  Both A and C are correct 
A)  Intentionally taking an employer's cash or other assets without the consent and against the will of the employer, before it has been recorded in the company's accounting system. 
B)  Creating ghost employees and overpaying wages 
C)  Intentionally taking an employer's cash or other assets without the consent and against the will of the employer, after it has been recorded in the company's accounting system. 
D)  Both A and C are correct C

Question 4

Which of the following is the BEST example of a register-disbursement scheme?

Accepted Answer

A)  A perpetrator who processes transactions as if a customer were returning merchandise, even though there is no actual return. 
B)  A perpetrator uses the expense register to falsely record expenses that are then paid out by the A/P department. 
C)  A perpetrator physically prepares a check from the check register claiming it is a legitimate expense when it is not. 
D)  A perpetrator slowly takes money from the register drawer after making regular sales - often showing that a discount was given to a customer on the receipt. 
A)  A perpetrator who processes transactions as if a customer were returning merchandise, even though there is no actual return. 
B)  A perpetrator uses the expense register to falsely record expenses that are then paid out by the A/P department. 
C)  A perpetrator physically prepares a check from the check register claiming it is a legitimate expense when it is not. 
D)  A perpetrator slowly takes money from the register drawer after making regular sales - often showing that a discount was given to a customer on the receipt.

Question 5

A conflict of interest exists when

Accepted Answer

A)  An employer knows of an employees interest in a business deal or negotiation 
B)  An employee's interest in a transaction is undisclosed 
C)  Employees offer, give, receive or solicit anything of value in order to influence an official act 
D)  Employees demand payments from vendors for deciding in the vendors' favor 
A)  An employer knows of an employees interest in a business deal or negotiation 
B)  An employee's interest in a transaction is undisclosed 
C)  Employees offer, give, receive or solicit anything of value in order to influence an official act 
D)  Employees demand payments from vendors for deciding in the vendors' favor

Question 6

Which of the following is representative of a conflict of interest?

Accepted Answer

A)  The owner of the company is aware of an employee's relationship with a vendor 
B)  The owner of the company is unaware of the employee's relationship with a vendor 
C)  When the employee accepts kickbacks from a vendor 
D)  When the employee makes fraudulent disbursements to him or herself though a fictitious vendor 
A)  The owner of the company is aware of an employee's relationship with a vendor 
B)  The owner of the company is unaware of the employee's relationship with a vendor 
C)  When the employee accepts kickbacks from a vendor 
D)  When the employee makes fraudulent disbursements to him or herself though a fictitious vendor

Question 7

Bid-rigging is a form of a:

Accepted Answer

A)  Conflict of interest 
B)  Bribery 
C)  Extortion 
D)  Illegal gratuity 
A)  Conflict of interest 
B)  Bribery 
C)  Extortion 
D)  Illegal gratuity

Question 8

Which of the following disbursement fraud schemes occurs most frequently?

Accepted Answer

A)  Billing schemes. 
B)  Check tampering. 
C)  Payroll schemes. 
D)  Expense reimbursement schemes. 
A)  Billing schemes. 
B)  Check tampering. 
C)  Payroll schemes. 
D)  Expense reimbursement schemes.

Question 9

Tyco's former CEO sold his house to Tyco with a price three times fair market value. What type of fraud it this?

Accepted Answer

A)  Economic extortion and illegal gratuities 
B)  Conflicts of interest 
C)  Cash skimming 
D)  Bribery 
A)  Economic extortion and illegal gratuities 
B)  Conflicts of interest 
C)  Cash skimming 
D)  Bribery

Question 10

Skimming exhibits which of the following fraudulent characteristics:

Accepted Answer

A)  Intentionally taking an organization's cash without the organization's consent 
B)  Removing cash prior to its entry into the accounting system 
C)  Stealing a payment and then crediting that account with a subsequent customers payment 
D)  Submission of a false or altered invoice that causes an employer to willingly issue a check 
A)  Intentionally taking an organization's cash without the organization's consent 
B)  Removing cash prior to its entry into the accounting system 
C)  Stealing a payment and then crediting that account with a subsequent customers payment 
D)  Submission of a false or altered invoice that causes an employer to willingly issue a check

Question 11

Thefts of inventory and other assets can be broken into the subcategories of:

Accepted Answer

A)  Larceny 
B)  Fraudulent disbursements 
C)  Misuse 
D)  Both A and C 
A)  Larceny 
B)  Fraudulent disbursements 
C)  Misuse 
D)  Both A and C

Question 12

Corruption involves which of the following schemes:

Accepted Answer

A)  Bribery 
B)  Conflicts of interest 
C)  Economic extortion 
D)  Illegal gratuities 
E)  All of the above 
A)  Bribery 
B)  Conflicts of interest 
C)  Economic extortion 
D)  Illegal gratuities 
E)  All of the above

Question 13

What are the four types of corruption?

Accepted Answer

A)  Bribery, conflicts of interest, extortion, and illegal gratuities 
B)  Bribery, larceny, extortion, and conflicts of interest 
C)  Skimming, larceny, extortion, and conflicts of interest 
D)  Conflicts of interest, check tampering, skimming, and illegal gratuities 
A)  Bribery, conflicts of interest, extortion, and illegal gratuities 
B)  Bribery, larceny, extortion, and conflicts of interest 
C)  Skimming, larceny, extortion, and conflicts of interest 
D)  Conflicts of interest, check tampering, skimming, and illegal gratuities

Question 14

Which of the following is one of the three main categories of occupational fraud and abuse?

Accepted Answer

A)  Corruption 
B)  Bid-rigging 
C)  Check tampering 
D)  Lapping 
A)  Corruption 
B)  Bid-rigging 
C)  Check tampering 
D)  Lapping

Question 15

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 or others 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 or others 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

Question 16

All of the following are possible ways to commit fraud by using a payroll scheme except:

Accepted Answer

A)  Overstating expenses that will be reimbursed 
B)  Falsify hours worked 
C)  Creating ghost employees 
D)  Commission scheme 
A)  Overstating expenses that will be reimbursed 
B)  Falsify hours worked 
C)  Creating ghost employees 
D)  Commission scheme

Question 17

When suppliers are engaged in bid-rigging, they vie for contracts in cutthroat environments, and usually only gain an advantage over competitors through bribing an employee with inside influence.

Accepted Answer

A)  True 
B)  False 
A)  True 
B)  False

Question 18

Asset Misappropriations occur in which way

Accepted Answer

A)  Stealing receipts 
B)  Stealing Assets on hand 
C)  Stealing through disbursements 
D)  All of the above 
A)  Stealing receipts 
B)  Stealing Assets on hand 
C)  Stealing through disbursements 
D)  All of the above

Question 19

An employee who doesn't record customer sales and pockets the customer payments is perpetrating which kind of fraud?

Accepted Answer

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

Question 20

Claiming personal travel as a business expense, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipts is an example of a:

Accepted Answer

A)  Billing scheme 
B)  Check tampering 
C)  Register-disbursement scheme 
D)  None of the above 
A)  Billing scheme 
B)  Check tampering 
C)  Register-disbursement scheme 
D)  None of the above

Which is not a type of fraudulent disbursement?

Removal of cash from a victim organization prior to its entry in an accounting system would be considered:

The term Larceny means:

Which of the following is the BEST example of a register-disbursement scheme?

A conflict of interest exists when

Which of the following is representative of a conflict of interest?

Bid-rigging is a form of a:

Which of the following disbursement fraud schemes occurs most frequently?

Tyco's former CEO sold his house to Tyco with a price three times fair market value. What type of fraud it this?

Skimming exhibits which of the following fraudulent characteristics:

Thefts of inventory and other assets can be broken into the subcategories of:

Corruption involves which of the following schemes:

What are the four types of corruption?

Which of the following is one of the three main categories of occupational fraud and abuse?

Which of the following statements regarding larceny is NOT true?

All of the following are possible ways to commit fraud by using a payroll scheme except:

When suppliers are engaged in bid-rigging, they vie for contracts in cutthroat environments, and usually only gain an advantage over competitors through bribing an employee with inside influence.

Asset Misappropriations occur in which way

An employee who doesn't record customer sales and pockets the customer payments is perpetrating which kind of fraud?

Claiming personal travel as a business expense, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipts is an example of a:

The Nature of Fraud

Why People Commit Fraud

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

Fraud in E-Commerce

Legal Follow-Up

Filters

Exam 14: Fraud Against Organizations

Which is not a type of fraudulent disbursement?

Removal of cash from a victim organization prior to its entry in an accounting system would be considered:

The term Larceny means:

Which of the following is the BEST example of a register-disbursement scheme?

A conflict of interest exists when

Which of the following is representative of a conflict of interest?

Bid-rigging is a form of a:

Which of the following disbursement fraud schemes occurs most frequently?

Tyco's former CEO sold his house to Tyco with a price three times fair market value. What type of fraud it this?

Skimming exhibits which of the following fraudulent characteristics:

Thefts of inventory and other assets can be broken into the subcategories of:

Corruption involves which of the following schemes:

What are the four types of corruption?

Which of the following is one of the three main categories of occupational fraud and abuse?

Which of the following statements regarding larceny is NOT true?

All of the following are possible ways to commit fraud by using a payroll scheme except:

When suppliers are engaged in bid-rigging, they vie for contracts in cutthroat environments, and usually only gain an advantage over competitors through bribing an employee with inside influence.

Asset Misappropriations occur in which way

An employee who doesn't record customer sales and pockets the customer payments is perpetrating which kind of fraud?

Claiming personal travel as a business expense, altering a receipt to reflect a higher amount than was actually paid, or submitting fictitious receipts is an example of a:

The Nature of Fraud

Why People Commit Fraud

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

Fraud in E-Commerce

Legal Follow-Up

Filters