Question 7. 7. Which of the following would be acting in a fiduciary capacity? (Points : 2) An investment broker conducting transactions

A bookkeeper recording transactions

A salesman attempting to get his customer the best price

A cashier accepting payments Question 8. 8. Where does the perception of fraud deterrence originate? (Points : 2) In the company culture

In the fraud examiners recommendations

In an employees mind

In managements implementation of internal controls Question 9. 9. What is a source of pressure to commit financial statement fraud? (Points : 2) To meet analysts predictions

To recover losses from investments

To maintain organizational structure

To maintain an extravagent lifestyle Question 10. 10. What function is an auditor responsible for? (Points : 2) Internal controls

Fraud detection

Risk assessment

Calculation of damages Question 11. 11. Why is higher employee compensation of a fraud perpetrator associated with higher fraud losses? (Points : 2) This fraud perpetrator has more access to assets

This fraud perpetrator uses collusion

This fraud perpetrator must maintain a good reputation

This fraud perpetrator has a higher lifestyle to maintain