QUESTION 16

Which one of the following individuals would be considered a government official under the FCPA?

	a.	an officer, employee or representative of a government.
	b.	a person acting in an official capacity for and on behalf of a public international organization
	c.	consultants who hold government positions.
	d.	All of the above.

2 points

QUESTION 17

The UK Bribery Act differs from the FCPA in that it

	a.	applies to both public and private sector bribery
	b.	applies to private sector bribery only
	c.	punishes the recipient of the bribe only
	d.	has an exception for facilitation payments

QUESTION 8

Billing schemes generally fall into one of three categories: shell company schemes, nonaccomplice vendor schemes, and _______________.

	a.	Personal purchases schemes
	b.	Check writing schemes
	c.	Skimming schemes
	d.	False documentation schemes

2 points

QUESTION 9

Accordinng to accouning rules, companies must record investments (stocks, bonds etc.) at:

	a.	fair value
	b.	cost
	c.	the lower of cost or net realizable value
	d.	which ever method they deem most approrpriate

2 points

QUESTION 10

______________ is one of the workhorses of federal white-collar prosecutions and is available, among other statutes, to investigate and prosecute complex frauds and financial crimes.

	a.	The DOJ
	b.	Mail fraud
	c.	Wire fraud
	d.	The Bank Secrecy Act (1970)

2 points

QUESTION 11

Companies may commit fraud by failing to approrpriately account for loss contingencies (e.g., expected payments related to litigation or tax disputes). Accounting rules require that losses be accrued for such contingencies when which of the following conditions exist?

	a.	There is a probable loss only
	b.	The loss can be reaosnable estimated
	c.	There is a probable loss and the amount of the loss can be reasonably estimated.
	d.	None of the above

2 points

QUESTION 12

One common red flag useful in detecting fraudulent invoices is.

	a.	The often poor printing/formatting quality used
	b.	A lack of detail
	c.	A disproportionate cost relative to the services rendered
	d.	An unanticipated/inexplicable vendor discount

2 points

QUESTION 13

Generally accpeted accounting principles require recognition of revenue:

	a.	only when it is realized
	b.	only when it is eatned
	c.	when it is realizable
	d.	when it is realizable and earned