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Which of the following depicts the correct progression of a case through the federal court system?
- 1. US district court
- 2. Circuit court of appeals
- 3. Supreme court
- b. name Schedule Fidelity Bond.
- c. blanket Position Bond.
- d. primary Commercial Blanket Bond.
true of both civil and criminal law
Plaintiffs and defendants may call expert witnesses.
The discovery stage of a civil case includes:
depositions and subpoenas
an interragatory is
a series of written questions that specifically identify information needed from the opposing party.
the 5th amendment of the constitution
Precludes a person from being tried twice for the same crime
at the arraignment
charges against the defendant are read
likely financial repoprting fraud symptoms
- grey directors
- size of the firm
- family relationships between directors or officers
most financial statement frauds occur in smaller organizations with simple management structures because
fraud is more difficult to commit when there is a more formal organizational structure
backdating stock options
the improper issuance of stock options to corporate executives
management fraud is usually committed on behalf of the organization rather than against it. types of management fraud motivators...
- -a highly competitive industry
- -pressure to meet expected earnings
- -restructure debt covenants that cant be met
during an audit, an auditor considers the conditions of the auditee and plans the audit accordingly. This is an example of..
first order reasoning
most likely to be the perpetrator of fraud
CEO, executives, and managers
the most common account manipulated when perpetrating financial statement fraud
why might a company want to understate net income?
to increase profits
reported revenue and sales account balances that appear too high are examples of
examines changes in account balances from period to period
comparing recorded amounts in the financials with the real world assets they are supposed to represent would be most effective in detecting
revenue related frauds
lifestyle symptoms are most effective with
inventory related financial stmnt frauds
when looking for inventory related fraud, these are important questions
- -what is the nature of the inventory?
- - what is the age of inventory?
- -what is the salability of inventory
- last minute revenue adjustments
- umsupported balance sheet amounts
- improperly recorded revenues
years where the percentage changes a lot signals possible fraud and needs further testing