NEW QUESTION 31
A typical issue involving material and fraud would be:

NEW QUESTION 32
The essential elements of a ________ are an actual or constructive taking away of the goods or property of another with the without the consent and against the will of the owner and with a felonious intent.

NEW QUESTION 33
The fraudsters’ interest lies with an employer other than a company.

NEW QUESTION 34
Which of the following is a recommended method for safeguarding an organization’s proprietary information?

NEW QUESTION 35
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

NEW QUESTION 36
The most common method of detection in corruption cases is:

NEW QUESTION 37
Employees with the authority to grant discounts in order to skim revenues may use which authority?

NEW QUESTION 38
Which of the following is NOT the type of billing scheme?

NEW QUESTION 39
All of the following measures would help prevent the theft of company inventory EXCEPT:

NEW QUESTION 40
The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.

NEW QUESTION 41
One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

NEW QUESTION 42
In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.

NEW QUESTION 43
Blue borrowed her employer’s snowplow for her own snow removal business, which she operates on the side.
Blue only used the snowplow on the weekends or after hours, when her employer was not open for business.
Blue falsified the mileage and usage logs for the snowplow so that no one would know she had been using it.
The snowplow was returned unharmed. Which of the following statements is MOST ACCURATE?

NEW QUESTION 44
To detect health care provider fraud, a fraud examiner should be alert for which of the following red flags?

NEW QUESTION 45
Which of the following is true for Red flags associated with fictitious revenues?

NEW QUESTION 46
Which sale occurs when the accomplice of the employee-fraudster “buys” merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?

NEW QUESTION 47
Which of the following is TRUE regarding financial reporting practices and accounting frameworks, such as
U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS)?

NEW QUESTION 48
A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

NEW QUESTION 49
Which of the following is NOT a justifiable reason to depart from generally accepted accounting principles (GAAP)?

NEW QUESTION 50
A travel agency offered to provide free travel and entertainment to Rosa, the purchasing agent of Frame Scene, a retail company. In return, Rosa agreed to book all of Frame Scene’s corporate trips through the travel agency.
Which of the following best describes the type of corruption scheme in which Rosa engaged?

NEW QUESTION 51
Financial statement fraud is committed by:

NEW QUESTION 52
Which of the following is NOT a method of identity theft prevention recommended for businesses?

NEW QUESTION 53
Which of the following is the amount of money that would be realized upon the sale of the asset at some point in the future, less the costs associated with owing, operating and selling it?

NEW QUESTION 54
Schemes in which an employee physically misappropriates cash that has already appeared on the victim organization’s books are known as: