1. Which of the following is not part of the fraud risk assessment process?

Question 1 options:

	Design internal controls to prevent or detect the risks
	Address the likelihood of each risk
	Identify the risks
	Respond to likely risks

Question 2 (3 points)

Which of the following statements is true of fraud prevention best practices

Question 2 options:

	Public oversight organizations apply only to public companies
	External auditors design and review the internal controls over fraud
	The board of directors should be mostly insiders because they know how the company operates
	A strong internal audit department can prevent and detect fraud

Question 3 (3 points)

What is a criminal defendant's initial appearance in court called

Question 3 options:

	Arraignment
	None of the available options
	Preliminary hearing
	Pleading

Question 4 (3 points)

Which of the following is not an advantage of alternative dispute resolution over traditional litigation

Question 4 options:

	Provides a clear winner
	Tends to build rather than destroy relationships
	Private
	Less costly

Question 5 (3 points)

Which of the following could lead to a misstatement of assets on the balance sheet

Question 5 options:

	Kiting
	Embezzlement
	All of the available options
	Ponzi schemes

Question 6 (3 points)

Alternative dispute resolution methods do not include

Question 6 options:

	Mediation and arbitration
	Negotiation, mediation, and arbitration
	Negotiation and arbitration
	Litigation

Question 7 (3 points)

Which of the following investigative techniques is least likely to be used by a forensic accountant

Question 7 options:

	Vertical and horizontal analysis
	Undercover operations
	Interviews
	Ratio analysis