Test Bank for Fraud Examination, 7th Edition by W. Albrecht, Chad Albrecht, Conan Albrecht, and Mark Zimbelman

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TESTBANK s




FraudExamination7thEditionb y
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AlbrechtAllChapters1to18s s s s s

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s INTRODUCTION TO FRAUD. ss ss
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1. The Nature of Fraud.
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2. Who Commits Fraud and Why.
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3. Fighting Fraud: An Overview. Part II:
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FRAUD PREVENTION. ss




4. Preventing Fraud. ss




Part III: FRAUD DETECTION.
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5. Recognizing the Symptoms of Fraud. ss ss ss ss




6. Data-Driven Fraud Detection ss ss




Part IV: FRAUD INVESTIGATION.
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7. Investigating Theft Acts. ss ss




8. Investigating Concealment. ss




9. Conversion Investigation Methods. ss ss




10. Inquiry Methods and Fraud Reports. ss ss ss ss




Part V: MANAGEMENT FRAUD.
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11. Financial Statement Fraud. ss ss




12. Revenue- and Inventory-Related Financial Statement Frauds.
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13. Liability, Asset, and Inadequate Disclosure Frauds.
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Part VI: OTHER TYPES OF FRAUD.
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14. Fraud Against Organizations. ss ss




15. Consumer Fraud. ss




16. Bankruptcy, Divorce, and Tax Fraud. ss ss ss ss




17. e-Commerce Fraud. ss




Part VII: RESOLUTION OF FRAUD.
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18. Legal Follow-Up. ss

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Chapter 01 - ss ss




1. One way that criminal law differs from civil law is that it:
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a. provides remedies for violations of private rights.
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b. must yield a unanimous verdict.
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c. can have a jury of fewer than 12 persons.
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d. allows for various claims in one action.
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ANSWER: b

FEEDBACK:
a. Incorrect. The requirement to provide remedies for violations of private rights i
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characteristic of civil law; criminal law deals with crimes against society as awh ss ss ss ss ss ss ss ss ss ss ss ss




ole.

b. Correct. Criminal trials must result in a unanimous verdict.
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c. Incorrect. The requirement forHa unanimous vote characteri ss ss ss ss ss ss




stic of civil la w; criminal trial juries must have 12 persons.
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d. Incorrect. In inclusion of various claims in one action is a characteris
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tic of civill aw; criminal law permits only one claim at a time.
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POINTS: 1

DIFFICULTY: easy

REFERENCES: Criminal and Civil Prosecution of Fraud ss ss ss ss ss




QUESTION TYPE: ss Multiple Choice ss




HAS VARIABLES:
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LEARNING OBJECTIVES: FRAU.ALBR.25.1.5 - Understand the differences between criminal and civil fraud laws.
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OTHER: Source: 6e revised ss ss




DATE CREATED:
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DATE MODIFIED:
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2. Which of the following is NOT an common element of a Ponzi scheme?
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a. Gaining other's confidence ss ss




b. Promising abnormally high returns ss ss ss




c. Investing collected money ss ss

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d. Using part of the investment
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Buypay
and previous
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Material
investors ss ss ss ss




ANSWER: c
FEEDBACK:
a. Incorrect. Gaining other’s confidence is one of the most important elements of
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s the
“con.”

b. Incorrect. Promising abnormally high returns is how fraudsters lure in investors.
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c. Correct. Investing collected money is very unlikely.
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d. Incorrect. In Ponzi schemes, the original principle is often used to
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make inter est payments.
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POINTS: 1

DIFFICULTY: moderate

REFERENCES: Types of Fraud
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QUESTION TYPE: ss Multiple Choice ss




HAS VARIABLES:
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LEARNING OBJECTIVES: FRAU.ALBR.25.1.3 - Understand Different Types of Fraud.
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OTHER: Source: 6e , revised
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DATE CREATED: ss 2/9/2024 5:11 AM ss ss




DATE MODIFIED: ss 2/9/2024 5:32 AM ss ss




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