1 Which of the following statements is one of the reasons why fraud schemes that initially go undetected are eventually discovered? A B C D Perpetrators never become overconfident in their schemes and get careless. Perpetrators rarely become greedy and take increasingly Larger amounts of money at more frequent intervals. The sheer magnitude of the amount of the fraud eventually leads to its detection. When perpetrators quit taking money, their actions catch up with them. 2 Financial statement fraud is usually committed by: A shipping or payroll clerks. B management consultants brought in to help the company. C B D C D a customer or supplier of the company. those high enough in an organization to override internal controls. 3 Internal frauds are more frequent than external frauds because: A most organizations have safequards over corporate assets that make it difficult for an outsider to steal. employees have more motive for fraud than those external to the organization. companies usually have more employees than they do external parties such as customers and suppliers. customers have a knowledge and understanding of the company's policies and procedures for safeguarding assets