Aems can be uses used with data o policic results of operations and 2. Which of the followi of fraud resulting from significant challenge for A. Internal contro unting u presentation of financial performance, of operations and the financial condition of the company. e following is not a reason that the prevention and detection ulting from management override and collusion presents a Scant challenge for the antifraud community? Jernal controls are generally designed to prevent a single fraudster acting alone. B. Internal controls are best at as we of these Iis also of or an over threshold Co success must have erstanding usly listed r financial A. I Internal controls are best at assisting in the detection of fraud acts 8. Which arising from collusion and management override. of non of Directors maintains little direct supervisory oversight of executive operational actions and decisions. 1. Collusive and executive perpetrators tend to be better prepared to deal with oversight mechanisms such as internal and external auditors. Which of the following is not an inherent part of Statement on Auditing Standards, No. 99/113? A Greater scrutiny of the chief executive and chief financial officers personal financial condition D. B. Enhanced professional skepticism C. Emphasis on pre-audit discussions such as brainstorming 9. Whic D. Emphasis on interviews with key personnel throughout the asses: organization, including supervisors, managers, and executives 4. Select the statement that is most accurate with regard to materiality. A. Materiality does not create discretionary choices for managers, executives, and auditors. B. Earnings management is not sufficiently material to constitute fraud. C. Materiality is based on a percentage of net sales. D. Materiality includes both quantitative and qualitative factors. 5. According to the ACFE 2016 Report to the Nations, which of the 10. Cons following is the most frequent source of initial fraud detection? follo A. A call to the police A. B. Tips C. Accidental discovery 9. The combined discovery of fraud by internal and external auditors 6. Which of the following is ch of the following is not considered a red flag (indicator) of fraud? A. Accounting anomalies B. Analytical inconsistencies C. Nonfinancial numbers D. Behavioral anomalies Temax 7. Which of the followings flags for fraud? A. Red flan he following statements is most accurate with regard to red hoe occurred. Chapter 8 questions All multiple choice 2-16 please, thanks