QUESTION 18

1. A CPA wishes to mention the names of her most prominent clients on her website. The mere existence of a professional relationship between a CPA and a small business client

   	I.	Never may be disclosed due to the duty of confidentiality
   	II.	Generally may be disclosed by a CPA as long as the substance of the communications between them is not disclosed
   	III.	Always may be disclosed, but it is advisable to first request the clients permission to avoid jeopardizing the clients goodwill
   	IV.	Never may be disclosed unless the client gives it specific consent

3 points

QUESTION 19

1. The following most closely represents the fraud triangle:

   	I.	Opportunity, rationalization, pressure
   	II.	Pressure, rationalization, lack of pressures
   	III.	Opportunity, motivation, pressure
   	IV.	Pressure, motivation, process

3 points

QUESTION 20

1. The class video involving Walter Pavlo, what was the scheme that was used to defraud the organization?

   	I.	Collections being received were applied to a Fraudsters personal account
   	II.	Collection accounts were deleted
   	III.	Collections lapping scheme that worked by applying payments from a good customer to the accounts of those who had entered into the illegal arrangement with Fraudster.
   	IV.	Fraudster changed financial reports to reduce collection reported to SEC.

3 points

QUESTION 21

1. Which of the following is not a red flag of a fraud perpetrator:

   	I.	Living beyond their means
   	II.	Excessive organizational pressure
   	III.	Conducting excessive meetings with other departments
   	IV.	Experiencing financial difficulties

3 points

QUESTION 22

1. Complete the following statement below: Fraud is any _____ or _____ designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain.

   	I.	Omission, intentional error
   	II.	Intentional act, omission
   	III.	Unintentional act, omission
   	IV.	Act regardless of intention, omission