Test Bank for Fraud Examination 7th Edition by W Albrecht,ISBN:9780357721759 COMPLETE GUIDE ALL CHAPTERS COVERED 100% VERIFIED A+ GRADE ASSURED!!!!!NEW LATEST UPDATE!!!!!

TESTBANK
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,TABLEOFCONTENTS
Part I:INTRODUCTION TO FRAUD.
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1. TheNatureof Fraud.
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2. WhoCommits Fraud and Why.
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3. FightingFraud:An Overview. ty yt yt yt




Part II:FRAUDPREVENTION.
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4. Preventing Fraud. yt




Part III:FRAUD DETECTION.
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5. Recognizing theSymptomsofFraud. Q ty yt yt




6. Data-Driven Fraud Detection yt yt




Part IV:FRAUD INVESTIGATION.
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7. InvestigatingTheft Acts. yt yt




8. Investigating Concealment. yt




9. Conversion Investigation Methods. yt yt




10. Inquiry Methods and Fraud Reports. yt yt yt yt




Part V:MANAGEMENT FRAUD.
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11. FinancialStatement Fraud. ty Q




12. Revenue- and Inventory-Related Financial Statement Frauds. yt yt yt yt yt




13. Liability, Asset, and InadequateDisclosureFrauds. yt yt yt yt yt




Part VI:OTHERTYPES OF FRAUD.
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14. Fraud Against Organizations. yt yt




15. Consumer Fraud. yt




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




17. e-Commerce Fraud. yt




Part VII:RESOLUTION OF FRAUD.
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18. LegalFollow-Up. ty




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,Chapter01 - The Nature of Fraud
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1. One way that criminal law differs fromcivil law is that it:
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a. provides remedies for violations of private rights. Q yt yt yt yt yt




b. must yield a unanimous verdict. yt yt yt yt




c. can have a jury of fewer than 12 persons.
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d. allows for various claims in one action. yt yt Q yt yt yt




ANSWER: b
FEEDBACK: a.Incorrect.The requirementto provideremedies forviolations of private rightsisa yt yt yt yt Q yt yt yt yt yt yt yt yt




characteristic of civillaw;criminal lawdeals withcrimes against societyas awhole. yt yt yt yt yt yt yt yt yt yt yt




b. Correct. Criminal trials must result in a unanimous verdict. yt yt yt Q yt Q Q yt




c. Incorrect. The requirement for a unanimous vote characteristic ofcivil law; cr yt y t Q yt Q yt yt yt yt yt yt




iminal trial juries must have 12 persons. yt yt yt Q yt yt




d. Incorrect. In inclusionof various claims in one actionis a characteristic of civillaw; c yt Q yt yt yt yt Q Q yt Q Q yt yt Qy t




riminal lawpermits only one claim at a time. yt yt yt yt Q Q Q




POINTS: 1
DIFFICULTY: easy
REFER EN CE S:
yt Criminal and Civil Prosecution ofFraud
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QUESTION TYPE: Multiple Choice yt yt




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




DATE CREATED:
yt 2/8/2024 7:10 AM yt yt




DATE MODIFIED:
yt 2/8/2024 7:14 AM yt yt




2. Which of the following is NOT an common element of a Ponzi scheme?
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a. Gaining other's confidence Q Q




b. Promising abnormallyhigh returns Q yt yt




c. Investing collected money Q Q




d. Using part of the investment principle to payprevious investors
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ANSWER: c
FEEDBACK: a. Incorrect.Gaining other’s confidenceisoneofthe most important elementsofthe yt yt Q yt yt yt yt yt yt yt yt yt yt




“con.”
b. Incorrect. Promisingabnormallyhigh returnsis howfraudsters lurein investors. yt yt yt Q yt Q yt yt Q



c. Correct. Investing collected money is very unlikely. yt Q Q yt Q yt




d. Incorrect. In Ponzi schemes, the original principle isoften used to make interest yt Q yt Q yt yt yt yt Q yt yt yt Q


payments.
POINTS: 1
DIFFICULTY: moderate
REFER EN CE S:
yt Types of Fraud
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QUESTION TYPE: Multiple Choice yt yt




HAS VARIABLES:
yt False
LEARNING OBJECTIVES: FRAU.ALBR.25.1.3 - Understand Different Types of Fraud.
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OTHER: Source:6e , revised yt yt yt




DATE CREATED:
yt 2/9/2024 5:11 AM yt yt




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




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, Chapter01 - The Nature of Fraud
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3. Thefollowing are allelements of Title 26, U.S. Code Section 7201 EXCEPT:
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a. not reporting bribe income may be grounds for beingcharged with tax evasion.
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b. a taxfiling that excludes income from fraud may be considered a false return.
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c. bribes maybe lawfullydeductedas businessexpenses. yt yt yt yt yt yt yt




d. failure to report income from fraud may be grounds for beingcharged with taxevasion.
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ANSWER: c
FEEDBACK: a. Incorrect. Not reporting bribe income maybe grounds for beingcharged with tax y t yt Q Q yt Q yt yt yt yt yt Q Q



evasion.
b. Incorrect. Filing income tax that excludes incomefrom fraud maybe consideredan i
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mproper tax filing. yt Q



c. Correct. Bribes cannotbe deducted as legitimate business expenses.
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d. Incorrect. Failureto report incomefrom fraud or bribes maybe prosecuted as taxevasion.
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POINTS: 1
DIFFICULTY: easy
REFER EN CE S:
yt Criminal Law
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QUESTION TYPE: Multiple Choice yt yt




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




DATE CREATED:
yt 2/9/2024 5:38 AM yt yt




DATE MODIFIED:
yt 2/9/2024 5:40 AM yt yt




4. Which one of the following is NOT a characteristic ofa criminalproceeding?
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a. Criminal proceedings deal with offenses against society. Q yt Q yt yt yt




b. Consequences of criminal proceedings include restitution and damage payments. yt yt Q yt yt yt yt yt




c. Criminal proceedings involve a juryof 12 individuals. Q yt yt yt yt yt yt




d. In criminal proceedings, only one claimmay be heard at a time.
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ANSWER: b
FEEDBACK: a. Incorrect.A crime isconsideredan offense against society. yt yt Q yt yt yt Q yt Q




b. Correct. In a criminal proceeding, the consequences arejail and/or fines.
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c. Incorrect. Acriminal juryconsists of 12 jurors. yt yt yt yt yt Q



d. Incorrect. Onlyone claimis heard at a time, whereas in a civil case manyclaimsmaybe j oin
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ed into a single case.
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POINTS: 1
DIFFICULTY: easy
REFER EN CE S:
yt Criminal Law
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QUESTION TYPE: Multiple Choice yt yt




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




DATE CREATED:
yt 2/9/2024 6:36 AM yt yt




DATE MODIFIED:
yt 2/9/2024 6:38 AM yt yt




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