2. A person who has been arrested for committing fraud has repaid the victims for all losses they incurred. This is the persons first offense. What type of action would you predict the prosecutor will bring against this person?

Indictment Diversion Information Complaint

3. Who is the plaintiff in a criminal case?

The government The victim of the crime The arresting officer The fraud investigator

4. In a civil action, the plaintiffs attorney and the defendants attorney meet to settle the case. Which type of negotiated settlement may result from this meeting?

Out of court settlement Arbitration Plea agreement Indictment

5. After opening arguments, the defendants attorney asks the judge to decide the case without presentation to the jury. What is this motion called?

Motion to make case definite Motion for continuance Motion for dismissal Motion for summary judgment

6. Which standard below must be followed by law enforcement when making an arrest or conducting a search?

Certain cause Reasonable suspicion Probable cause Fourth Amendment clause

7. What is the first step in the discovery process?

Produce documents Perform interrogatories Admit evidence to case Take depositions

8. How often must an audit firm rotate the lead auditor of a public company?

Every six months Every other year Every five years Every ten years

9. Auditor responsibility for taking due professional care and exercising professional skepticism requires basing decisions on which of the following?

Management representations Evidence Auditor assumptions Auditor suspicion

10. Which of the following is a requirement of SAS No. 99?

Make inquiries of management Conduct surprise audits Rotation of lead auditor Detect fraud in financial statements

11. Which organization is responsible for oversight of public company audits?

SEC PCAOB AICPA FASB

12. What topic is covered in Section 404 of the SOX Act?

The fraud triangle Management certifications Audit committee requirements Internal controls

13. Which area of accounting poses the biggest problem for accounting regulators?

Management estimates Timing discrepancies Revenue recognition Depreciation

14. What is the topic of Section 302 of SOX?

Audit requirements Officer certifications Insider trading Penalties

15. Who is responsible for appointing and overseeing the work of public company auditors?

The audit committee Management The internal auditors The AICPA