The investigation of Adelphia Communications Corporation, found that the executives had looted the company of more than what amount?(Points : 7)

$10 billion $1 billion $18.6 billion $5 billion

Question 2.2.(TCO 1) The Sarbanes-Oxley Act was signed into law by President George W. Bush on what date?(Points : 7)

June 30, 2002 July 30, 2002 July 31, 2002 January 1, 2002

Question 3.3.(TCO 1) In what corporate fraud case was it revealed that the defendants maintained two sets of books to conceal the fraud?(Points : 7)

Adelphia Enron WorldCom Imclone

Question 4.4.(TCO 1) The Mail Fraud Statute was enacted by Congress due to a proliferation of what kind of fraud schemes?(Points : 7)

Corporate frauds Health care frauds Consumer mail-order frauds Embezzlement by postal employees

Question 5.5.(TCO 2) Corruption schemes usually involve which of the following?(Points : 7)

Bid-rigging Conflicts of interest Kickbacks All of the above

Question 6.6.(TCO 2) The existence of a thorough control system and the potential of being caught are key elements in which of the following?(Points : 7)

Fraud prevention The Fraud Triangle The Tip of the Iceberg Theory of Fraud None of the above

Question 7.7.(TCO 2) Two of the three elements of Dr. Donald Cresseys Fraud Triangle are Opportunity and Rationalization. What is the third element?(Points : 7)

Greed Addiction Motive Denial

Question 8.8.(TCO 2) Edwin Sutherland is best known for coining what term?(Points : 7)

Occupational Fraud White-Collar Crime Feeding Frenzy of Fraud Organized Crime

Question 9.9.(TCO 3) A whistleblower who believes he or she has been retaliated against, can seek relief through which government agency?(Points : 7)

Department of Justice Securities and Exchange Commission Department of Labor Federal Bureau of Investigation

Question 10.10.(TCO 3) In the timeline of corporate compliance initiatives and milestones, what was the first one that helped set the standards for future compliance?(Points : 7)

Federal Sentencing Guidelines for Organizational Crime Committee of Sponsoring Organizations SAS 99 Sarbanes-Oxley Act

Question 11.11.(TCO 3) A __________ framework of internal controls and corporate governance is standard for many organizations in the United States.(Points : 7)

COSO principled integrated compliance

Question 12.12.(TCO 3) The requirement to reimburse a company for any bonuses or other compensation received during the 12-month period following the restatement of financials as a result of misconduct, is called:(Points : 7)

Disgorgement Executive penalty Insider trading Corporate accountability

Question 13.13.(TCO 4) Which fraud theory is incorporated in SAS 99?(Points : 7)

Potato Chip Theory of Fraud Cresseys Fraud Triangle Albrechts Fraud Scale Tip of the Iceberg Theory of Fraud

Question 14.14.(TCO 4) What section of the Sarbanes-Oxley Act requires an annual evaluation and report on the internal controls of a public company?(Points : 7)

Section 202 Section 302 Section 404 Section 407

Question 15.15.(TCO 4) What is the Thompson Memo?(Points : 7)

The SECs guidelines for corporate responsibility An internal corporate memo detailing financial reporting irregularities that resulted in a corporate prosecution of that company The FBIs marching orders to investigative corporate fraud Roadmap for federal prosecutors in the investigation and prosecution of corporate fraud

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