Question
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
- 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 |
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