(True and fasle)
1. Fraud perpetrators are often those who are least suspected and most trusted.

2. Unintentional errors in financial statements are a form of fraud.

3. Occupational fraud is fraud committed on behalf of an organization.

4. Companies that commit financial statement fraud are often experiencing net losses or have profits less than expectations.

5. Indirect fraud occurs when a company’s assets go directly into the perpetrator’s pockets without the involvement of third parties.

6. In vendor fraud, customers don’t pay for goods purchased.

7. A negative outcome in a civil lawsuit usually results in jail time for the perpetrator.