MULTIPLE CHOICE QUESTIONS 1. Which of the following is not an essential element of fraud? A. A material false statement B. Knowledge that the statement was false when it was spoken C. Evidence that the statement was false 1. Damages revolting from the victim's reliance on the false statement 2. Select from the following situations the one that should not be defined as abuse: A. A human resources employee surf the Internet, including searching for college friends on social media during working hours. B. A human resources employee calls in sick and then spends the day getting a car repaired, going to the DMV and shopping at a local retail outlet C. A human resources employee surfs the Internet, including social media during working hours for information about prospective employees D. A human resources employee takes their laptop home for the weekend to search for college friends on social media 3. Which of the following is true with regard to the relative importance of interviewing? A. Auditors never interview clients and interviewing plays little role & The following evidence might help antifraud professionals understand and possibly identify which of the following types of fraud perpetrators? A. The perpetrator who has stolen from and been fired by two previous employers in the last 4 years. B. Two perpetrators who collude to steal hundreds of thousands of dollars and split the stolen cash. C. A financially well-off perpetrator who has been stealing from his House of Worship every week for the last 15 years D. The perpetrator whose spouse is diagnosed with a rare cancer that is not covered by the employee's health insurance but whose treatment will be very expensive and cost more than the employee eurs and the employees was the only one with access to bank accounts and accounting records. 6. Which of the following is a true statement about frwd statisties? A. Position tends to have only a minor impact on the frequency of fraud but higher level personnelles, managers) tend to steal lower dollar amounts. B. Men tend to weal more frequently than women. c. Large corporations tend to be the biggest victims of fraudsters in terms of frequency and dollar losses D. Men and women tend to steal at the same frequency and at approximately the same dollar values. 7. Which of the following is a true statement about the detection of freed? A. The combined frequency of tips docidents in discovering fraud exceeds the combined frequency of internal and external audits E. Law enforcement plays a significa role in the detection of white collar comie) crimes C, Internal controls when properly designed we almost hulletproof in terms of preventing fraud. D. For the purposes of understanding how fraud is discovered whistleblower hotlines are the only method proven to detect fred. & Which of the following would likely be characters for accounting investigation rather than a red examination A. An employeesmitsupported damage claims als empler provides false documents and statements, and deposit the insurance proceeds in his bank account in waiting B. In a civil litigation setting, very little interviewing is performed by torneys through the deposition process. c. Interviewing is an internautenttine fraud examination, and forensic accounting and all such professionals should develop and refine interviewing skills. D. In general, auditors are provided exceptional training in inter viewing skills and techniques 4. Which scenario is an example of larceny? A. Brook borrowed a company computer and didn't intend to return it B, Larry took cash from the rester and replaced it with an IOU. C. Mary used a company vehicle without her supervisor's permission D. Daniel Accepted a new car from a vendor to influence his current company to purchase additional merchandise from this vendor Duftiate between fraud and abuse Describe the services that a forensic accountant might provide t 1872 1. Identify common troue h em es of nord forensie and pation Advisory engagements e fra mine forensie accountant's approach to investigations 10. Explain fraud examination methodology explain the differences between an audit, fram forme contingement Explain the theory of the fraud triangle ULTIPLE CHOICE QUESTIONS which the followings of sential element fra A Amatoriale statement B. Knowledge that the statement was false when it was spoken vidence that the statement was the Damages resulting from the victim's reliance on the false statement Select from the following situations the one that should nor be defined as abuse A. A human resources employee surfs the Internet, including searching for college friends on social media during working hours R A human resources employee calls in sick and then spends the day attint a car repaired, going to the DMV and shopping at a local C. A human resources employee warfs the Internet, including social U media during working hours for information about prospective employees D. A human resources employee takes their laptop home for the weekend to search for college friends on social media Which of the following is true with regard to the relative importance of interviewing! Audisons never interview clients and interviewing plays lite role in waiting In a civil litigation setting, very little interviewing is performed by amorneys through the deposition process. c. Interviewing is an integral part of auditing, fraud examination, and forensic accounting and all such professionals should develop and refine interviewing skills D. In general, auditors are provided exceptional training in inter viewing skills and techniques 5. The following evidence might help antifraud professionals understand and possibly identify which of the following types of fraud perpetrators? A. The perpetrator who has stolen from and been fired by two previous employers in the last 4 years 3. Two perpetrators who collude to steal hundreds of thousands of dollars and split the stolen cash. C. A financially well-off perpetrator who has been stealing from his House of Worship every week for the last 15 years - D. The perpetrator whose spouse is diagnosed with a rare cancer that is not covered by the employee's health insurance but whose treatment will be very expensive and cost more than the employee cars and the employees was the only one with access to bank accounts and accounting records. Which of the following is a true statement about fraud statistics? A. Position tends to have only a minor impact on the frequency of fraud but higher level personnel managers) tend to steal lower dollar amounts B. Men tend to steal more frequently than women C. Large corporations tend to be the biggest victims of fraudsters in terms of frequency and dollar losses. D. Men and women tend to steal at the same frequency and at approximately the same dollar values. 7. Which of the following is a true statement about the detection of fraud? A. The combined frequency of tips and accidents in discovering fraud exceeds the combined frequency of internal and external audits. B. Law enforcement plays a significant role in the detection of white collar (economic) crimes. C Internal controls when properly designed are almost bulletproof in terms of preventing fraud. D. For the purposes of understanding how fraud is discovered. whistleblower hotlines are the only method proven to detect fraud. 4 Which scenario is an example of larceny! A Brook borrowed a company computer and didn't intend to return it. B. Larry took cash from the register and replaced it with an IOU. C. Mary used a company vehicle without her supervisor's permission D. Daniel accepted a new car from a vendor to influence his current company to purchase additional merchandise from this vendor. Which of the following would likely be characterized as a forensic accounting investigation rather than a fraud examination? A. An employee submits supported damage claims to his employer, provides false documents and statements, and deposits the insurance proceeds in his bank account Sta Viev 2 PC CORE FOUNDATION RELATED TO FORENSIC ACCOUNTING AND FRAUD EXAMINATION B. A husband submits altered bank account statements to his wife's attorney during their divorce case. C. A plaintiff claims that a breach of contract by a vendor resulted in a loss of business and ultimate bankruptcy. D. The state taxing agency has accused a state resident of filing a false tax return, claiming that income appears in their bank account but does not appear as income on their tax filings. Given the clements of fraud, which element is most often associated with evidence of intent by the perpetrator? A. The conversion B. The concealment C. The act - D. All three elements are indicative of intent 10. Which of the following is a true statement about fraud examinat methodology? A Remediation requires a critical examination of internal com weaknesses B. Frand can always be prevented. C. Predication is almost always discovered near the end investigation D. Deterrence is most closely associated with making sure perpetrators spend time in jail for their crimes. RAUD CASEBOOK Bernie Madoff in articles or other related articles regarding the Bernie Ladoff case and then answer the questions below Sources: Jason Zweig. "How Bernie Madoff Made S t ok Dum Street Journal, December 13, 2008 Zachary Goldfarb, "SEC Broadens Its Prote of Failures in Made Washington Post, January 6, 2009. Matrix Short Answer Questions . What type of fraud scheme did Bernie Madoff commit? 2. What was Bernie Madoff's monthly average return to his clients 3. How long did this monthly average return last? 4. Describe the demographics of Bernie Madoff's customer 5. How was Madoff's scheme discovered? attempt to inform the results shout Made If so, who? Discussion Questions 1. In encral, would you define Bernie Madoff'sclists MULTIPLE CHOICE QUESTIONS 1. Which of the following is not an essential element of fraud? A. A material false statement B. Knowledge that the statement was false when it was spoken C. Evidence that the statement was false 1. Damages revolting from the victim's reliance on the false statement 2. Select from the following situations the one that should not be defined as abuse: A. A human resources employee surf the Internet, including searching for college friends on social media during working hours. B. A human resources employee calls in sick and then spends the day getting a car repaired, going to the DMV and shopping at a local retail outlet C. A human resources employee surfs the Internet, including social media during working hours for information about prospective employees D. A human resources employee takes their laptop home for the weekend to search for college friends on social media 3. Which of the following is true with regard to the relative importance of interviewing? A. Auditors never interview clients and interviewing plays little role & The following evidence might help antifraud professionals understand and possibly identify which of the following types of fraud perpetrators? A. The perpetrator who has stolen from and been fired by two previous employers in the last 4 years. B. Two perpetrators who collude to steal hundreds of thousands of dollars and split the stolen cash. C. A financially well-off perpetrator who has been stealing from his House of Worship every week for the last 15 years D. The perpetrator whose spouse is diagnosed with a rare cancer that is not covered by the employee's health insurance but whose treatment will be very expensive and cost more than the employee eurs and the employees was the only one with access to bank accounts and accounting records. 6. Which of the following is a true statement about frwd statisties? A. Position tends to have only a minor impact on the frequency of fraud but higher level personnelles, managers) tend to steal lower dollar amounts. B. Men tend to weal more frequently than women. c. Large corporations tend to be the biggest victims of fraudsters in terms of frequency and dollar losses D. Men and women tend to steal at the same frequency and at approximately the same dollar values. 7. Which of the following is a true statement about the detection of freed? A. The combined frequency of tips docidents in discovering fraud exceeds the combined frequency of internal and external audits E. Law enforcement plays a significa role in the detection of white collar comie) crimes C, Internal controls when properly designed we almost hulletproof in terms of preventing fraud. D. For the purposes of understanding how fraud is discovered whistleblower hotlines are the only method proven to detect fred. & Which of the following would likely be characters for accounting investigation rather than a red examination A. An employeesmitsupported damage claims als empler provides false documents and statements, and deposit the insurance proceeds in his bank account in waiting B. In a civil litigation setting, very little interviewing is performed by torneys through the deposition process. c. Interviewing is an internautenttine fraud examination, and forensic accounting and all such professionals should develop and refine interviewing skills. D. In general, auditors are provided exceptional training in inter viewing skills and techniques 4. Which scenario is an example of larceny? A. Brook borrowed a company computer and didn't intend to return it B, Larry took cash from the rester and replaced it with an IOU. C. Mary used a company vehicle without her supervisor's permission D. Daniel Accepted a new car from a vendor to influence his current company to purchase additional merchandise from this vendor Duftiate between fraud and abuse Describe the services that a forensic accountant might provide t 1872 1. Identify common troue h em es of nord forensie and pation Advisory engagements e fra mine forensie accountant's approach to investigations 10. Explain fraud examination methodology explain the differences between an audit, fram forme contingement Explain the theory of the fraud triangle ULTIPLE CHOICE QUESTIONS which the followings of sential element fra A Amatoriale statement B. Knowledge that the statement was false when it was spoken vidence that the statement was the Damages resulting from the victim's reliance on the false statement Select from the following situations the one that should nor be defined as abuse A. A human resources employee surfs the Internet, including searching for college friends on social media during working hours R A human resources employee calls in sick and then spends the day attint a car repaired, going to the DMV and shopping at a local C. A human resources employee warfs the Internet, including social U media during working hours for information about prospective employees D. A human resources employee takes their laptop home for the weekend to search for college friends on social media Which of the following is true with regard to the relative importance of interviewing! Audisons never interview clients and interviewing plays lite role in waiting In a civil litigation setting, very little interviewing is performed by amorneys through the deposition process. c. Interviewing is an integral part of auditing, fraud examination, and forensic accounting and all such professionals should develop and refine interviewing skills D. In general, auditors are provided exceptional training in inter viewing skills and techniques 5. The following evidence might help antifraud professionals understand and possibly identify which of the following types of fraud perpetrators? A. The perpetrator who has stolen from and been fired by two previous employers in the last 4 years 3. Two perpetrators who collude to steal hundreds of thousands of dollars and split the stolen cash. C. A financially well-off perpetrator who has been stealing from his House of Worship every week for the last 15 years - D. The perpetrator whose spouse is diagnosed with a rare cancer that is not covered by the employee's health insurance but whose treatment will be very expensive and cost more than the employee cars and the employees was the only one with access to bank accounts and accounting records. Which of the following is a true statement about fraud statistics? A. Position tends to have only a minor impact on the frequency of fraud but higher level personnel managers) tend to steal lower dollar amounts B. Men tend to steal more frequently than women C. Large corporations tend to be the biggest victims of fraudsters in terms of frequency and dollar losses. D. Men and women tend to steal at the same frequency and at approximately the same dollar values. 7. Which of the following is a true statement about the detection of fraud? A. The combined frequency of tips and accidents in discovering fraud exceeds the combined frequency of internal and external audits. B. Law enforcement plays a significant role in the detection of white collar (economic) crimes. C Internal controls when properly designed are almost bulletproof in terms of preventing fraud. D. For the purposes of understanding how fraud is discovered. whistleblower hotlines are the only method proven to detect fraud. 4 Which scenario is an example of larceny! A Brook borrowed a company computer and didn't intend to return it. B. Larry took cash from the register and replaced it with an IOU. C. Mary used a company vehicle without her supervisor's permission D. Daniel accepted a new car from a vendor to influence his current company to purchase additional merchandise from this vendor. Which of the following would likely be characterized as a forensic accounting investigation rather than a fraud examination? A. An employee submits supported damage claims to his employer, provides false documents and statements, and deposits the insurance proceeds in his bank account Sta Viev 2 PC CORE FOUNDATION RELATED TO FORENSIC ACCOUNTING AND FRAUD EXAMINATION B. A husband submits altered bank account statements to his wife's attorney during their divorce case. C. A plaintiff claims that a breach of contract by a vendor resulted in a loss of business and ultimate bankruptcy. D. The state taxing agency has accused a state resident of filing a false tax return, claiming that income appears in their bank account but does not appear as income on their tax filings. Given the clements of fraud, which element is most often associated with evidence of intent by the perpetrator? A. The conversion B. The concealment C. The act - D. All three elements are indicative of intent 10. Which of the following is a true statement about fraud examinat methodology? A Remediation requires a critical examination of internal com weaknesses B. Frand can always be prevented. C. Predication is almost always discovered near the end investigation D. Deterrence is most closely associated with making sure perpetrators spend time in jail for their crimes. RAUD CASEBOOK Bernie Madoff in articles or other related articles regarding the Bernie Ladoff case and then answer the questions below Sources: Jason Zweig. "How Bernie Madoff Made S t ok Dum Street Journal, December 13, 2008 Zachary Goldfarb, "SEC Broadens Its Prote of Failures in Made Washington Post, January 6, 2009. Matrix Short Answer Questions . What type of fraud scheme did Bernie Madoff commit? 2. What was Bernie Madoff's monthly average return to his clients 3. How long did this monthly average return last? 4. Describe the demographics of Bernie Madoff's customer 5. How was Madoff's scheme discovered? attempt to inform the results shout Made If so, who? Discussion Questions 1. In encral, would you define Bernie Madoff'sclists