Forensic Accounting

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  1. Which of the following is not an important element of fraud.
  2. Why does fraud seem to be increasing at such an alarming rate?
    computers, the internet, and technology make fraud easier to commit.
  3. Fraud is considered to be
    A serious problem that continues to grow
  4. People who commit fraud are usually
    trusted individuals
  5. the use of one's occupation for personal enrichment through the
    deliberate misuse or misapplication of the employing organization's
    resources or assets' is the definition of which of the following types
    of fraud?
    employee embezzlement or occupational fraud
  6. corporate employee fraud fighters
    prevent, detect and investigate fraud within a company
  7. civil fraud
    • usually begins when one party files a complaint.
    • -the purpose is to compensate for harm done to anotherOnly "
    • -the preponderance of the evidence" is needed for the plaintiff to be successful
  8. studying fraud will help you
    • a. learn evidence-gathering skills
    • b. avoid high-risk and fraudulent activities
    • c. learn valuable interviewing skills
  9. not a reliable resource for fraud statistics
    fraud perpetrators
  10. Which of the following is not an element of fraud
    accidental behavior
  11. What is the most important element in successful fraud schemes.
    confidence in the perpetrator
  12. which of the following characters is least likely to be involved in a fraud.
    a recent college grad
  13. Which of the following is not a form of vendor fraud
    not paying for goods purchased
  14. civil law performs which of the following functions
    remedy for violation of private rights
  15. management fraud
    Deceptive manipulation of financial statements"
  16. For every dollar lost from fraud a company:
    net income will decrease by an equal amount
  17. The formal definition of "fraud" includes all of the following except:
    b. acted upon by the perpetrator.
  18. The Association of Certified Fraud Examiners classifies fraud into which of the following categories?
    corruption and fraudulent statements
  19. V
  20. To become a Certified Fraud Examiner, a person must:
    be of high moral character
  21. three elements of fraud
    • a. Perceived pressure.
    • b. Perceived opportunity.
    • c. Rationalization.
  22. common perceived pressure
    a financial need
  23. If pressures and opportunities are high and personal integrity is low, the chance of fraud is:
    a. High.
  24. common types of fraud pressure
    a. Vices. b. Work-related pressures. c. Financial pressures.
  25. What are the three elements of the control system of an organization?
    • a. The control environment.
    • b. The accounting system.
    • d. Control activities or procedures.
  26. How frequently do most people rationalize?
    a. Often.
  27. pressures is often associated with fraud?
    a. Work-related pressure. b. Financial pressure. c. Vice pressure.
  28. On what element of the fraud triangle do most fraud-fighters usually focus all or most of their preventive efforts?
    b. Perceived opportunity.
  29. Fraud Triangle elements
    • b. Pressures
    • c. Opportunities
    • d. Rationalizations
  30. Components of the COSO internal control framework
    • a. the accounting function.
    • b. control activities.
    • c. the control environment.
  31. Every fraud has three elements including all of the following,
    • a. the theft act.
    • c. the concealment.
    • d. the conversion.
  32. types of power
    • referent
    • coersive
    • expert
Card Set:
Forensic Accounting
2015-11-05 02:01:32
forensic accounting

midterm for forensic accounting
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