Forensic Accounting Exam 1
Questions and Answers 100%
Pass
Which of the following is NOT an esential element of fraud? - CORRECT
ANSWER-evidence that the statement was false
Select from the following situations the one that should NOT be defined as abuse:
- CORRECT ANSWER-a human resources employee surfs the internet, including
My Space and Facebook during working hours for information about prospective
employees
Which of the following is true with regard to the relative importance of
interviewing? - CORRECT ANSWER-interviewing is an integral part of auditing,
fraud examination and forensic accounting and all such professionals should
develop and refine interviewing skills
Which scenario is an example of larceny? - CORRECT ANSWER-Brook
borrowed a company computer and didn't inted to return it
The fraud traingle helps anti-fraud professionals understand and possibly identify
which of the following types of fraud perpetrators? - CORRECT ANSWER-The
, perpetrator whose spouse is diagnosed with a rare cancer that is not covered by the
employee's health insurance but whose treatment will be very expensive and cost
more than the employee earns
Which of the following is a true statement about fraud statistics? - CORRECT
ANSWER-Middle aged men and women tend to steal the most frequently
Which of the following is a true statement about the detection of fraud? -
CORRECT ANSWER-the combined frequency of tips and accidents in
discovering fraud exceeds the combined frequency of internal and external audits
Which of the following would likely be characterized as a forensic accounting
investigation rather than a fraud examination? - CORRECT ANSWER-a plaintiff
claims that a breach of contract by a vendor resulted in a loss of business and
ultimate bankruptcy
Given the elements of fraud, which element is most often associated with evidence
of intent by the perpetrator? - CORRECT ANSWER-the concealment
Which of the following is a true statement about fraud examination methodology?
- CORRECT ANSWER-remediation requires a critical examination of internal
control weaknesses
According to the anticipated future employement trend in fraud examination and
financial forensics, opportunities for students are expected to _______ in the
future - CORRECT ANSWER-increase
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
Questions and Answers 100%
Pass
Which of the following is NOT an esential element of fraud? - CORRECT
ANSWER-evidence that the statement was false
Select from the following situations the one that should NOT be defined as abuse:
- CORRECT ANSWER-a human resources employee surfs the internet, including
My Space and Facebook during working hours for information about prospective
employees
Which of the following is true with regard to the relative importance of
interviewing? - CORRECT ANSWER-interviewing is an integral part of auditing,
fraud examination and forensic accounting and all such professionals should
develop and refine interviewing skills
Which scenario is an example of larceny? - CORRECT ANSWER-Brook
borrowed a company computer and didn't inted to return it
The fraud traingle helps anti-fraud professionals understand and possibly identify
which of the following types of fraud perpetrators? - CORRECT ANSWER-The
, perpetrator whose spouse is diagnosed with a rare cancer that is not covered by the
employee's health insurance but whose treatment will be very expensive and cost
more than the employee earns
Which of the following is a true statement about fraud statistics? - CORRECT
ANSWER-Middle aged men and women tend to steal the most frequently
Which of the following is a true statement about the detection of fraud? -
CORRECT ANSWER-the combined frequency of tips and accidents in
discovering fraud exceeds the combined frequency of internal and external audits
Which of the following would likely be characterized as a forensic accounting
investigation rather than a fraud examination? - CORRECT ANSWER-a plaintiff
claims that a breach of contract by a vendor resulted in a loss of business and
ultimate bankruptcy
Given the elements of fraud, which element is most often associated with evidence
of intent by the perpetrator? - CORRECT ANSWER-the concealment
Which of the following is a true statement about fraud examination methodology?
- CORRECT ANSWER-remediation requires a critical examination of internal
control weaknesses
According to the anticipated future employement trend in fraud examination and
financial forensics, opportunities for students are expected to _______ in the
future - CORRECT ANSWER-increase
COPYRIGHT ALL RIGHTS RESERVED ©️ 2025
