4.Which of the following statements is (are) TRUE?

a)To prevent detection when an asset is stolen, the perpetrator must inflate liabilities or decrease assets.

b)Committing a fraud almost always takes more effort and time than concealing it.

c)Perpetrators can hide an asset theft by charging the stolen item to an expense account.

d)A lapping scheme is used to commit a fraud but not to conceal it.

e)An individual can hide the theft of cash using a check-kiting scheme

5.Which of the following statements is (are) TRUE?

a)Perpetrators who do not steal cash or use the stolen assets usually convert the assets to a spendable form.

b)The biggest fraud opportunity arises from a companys failure to design and enforce its internal control system.

c)A huge fraud opportunity arises when a company has clear policies and procedures and teaches and stresses honesty.

d)Strong, mutually beneficial personal relationships with suppliers is unlikely to result in fraud.

e)Fraud is highly unlikely to occur when a crisis arises and normal controls are suspended