1.Which of the following is the most accurate statement about fraud response plans?

A.A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen.

B.A fraud response plan outlines how a fraud examination should be conducted.

C.A fraud response plan helps the organization manage its response and create an environment to maximize risk and minimize the potential for success.

D.Although organizations without a fraud response plan might not be able to respond to issues properly, it is not likely that they will expend more resources than those that have such a plan in place.

2.Which of the following is an element that should be included in a fraud response plan?

A.Preliminary response

B.Principles for documenting the response plan

C.Executive summary

D.All of the above

3.Which of the following is an element of a fraud response plan that is necessary to ensure that designated executives are notified immediately about potential fraud to enable a prompt response? A.Reporting protocols

B.Report log

C.Litigation hold procedures

D.Record retention procedures

4.In general, management should develop litigation hold procedures to achieve all of the following purposes EXCEPT:

A.Notify employees who might possess relevant documents.

B.Notify IT personnel and get their involvement if electronic data are at issue. C.Begin any deletion protocols.

D.Prohibit the destruction, loss, or alteration of any potentially relevant documents.

Lesson 3: Building the Fraud Examination Team

5.Which of the following is the most accurate statement about using outside expertise in fraud investigations?

A.Using outside experts will make it appear as though the examination lacks independence.

B.Generally, an organization should use an outside resource when the investigation involves high- level staff.

C.External specialists usually are viewed as having lower levels of expertise than internal ones. D.Outside experts are less equipped to preserve confidentiality than internal ones.

6.Certain communications between an attorney and client are privileged. Which of the following does

NOT have to be present to receive protection from the attorney-client privilege? A.The client communicated with the attorney on a confidential basis.

B.The communications are between an attorney and client.

C.The purpose of the communications was to provide or receive legal advice. D.A lawsuit has been filed.

7.Which of the following statements about the attorney work-product doctrine is NOT true?

A.It is designed to protect the thoughts and strategies of counsel.

B.It protects materials that are prepared in anticipation of litigation. C.It is part of the attorney-client privilege.

D.The protection afforded by the work-product doctrine may extend to information and documents prepared by consultants and experts hired by the attorney.

Lesson 4: Developing an Investigation Plan

8.Which of the following statements about a fraud investigation plan is NOT correct?

A.An investigation plan should establish the goals of the investigation. B.An investigation plan should establish the investigation's time frame.

C.An investigation plan should establish which employees violated the law.

D.An investigation plan should define the investigation team members' roles and tasks.

9.Which of the following should management consider when determining the scope of a fraud investigation?

A.Key issues raised in the initial assessment

B.The quality of the organization's anti-corruption program and policies

C.What the government expects

D.All of the above

10. Which of the following is something an investigation team should do to prepare an organization for an investigation?

A.Notify key decision-makers that the investigation is about to begin.

B.Issue an organization-wide communication that notifies employees about the investigation. C.Prepare all managers of employees who will be involved in the investigation, explaining the

investigation's purpose, why the investigation is happening, when it is happening, and who is

involved.

D.All of the above.

Lesson 5: Planning to Collect Evidence

11. All of the following are questions that should be addressed when scoping the collection process in an investigation EXCEPT:

A.Who are the custodians of relevant information? B.What are the dates of interest?

C.What form of production for data is least useful to potential opponents?

D.What technology options are available for searching, analyzing, and reviewing data.

12. In general, which of the following is an internal source of information that fraud examiners can use in a fraud investigation?

A.Court records

B.Travel and entertainment expenses reporting records

C.Uniform Commercial Code (UCC) filings

D.Credit agency reports

13. Evidence that tends to make some fact in issue more or less likely than it would be without the evidence is referred to as:

A.Authentic evidence B.Material evidence C.Relevant evidence D.None of the above.

14. The most commonly accepted method for authenticating evidence is to establish the item's

.

A.Chain of custody

B.Relevance

C.Originality

D.None of the above.