ACC 362 Forensic Accounting Exam 4 (Ch. 1-9 & 14-16): Larceny and Conversion
Principles, Fiduciary Responsibilities, Fraud Triangle (Opportunity, Pressure,
Rationalization), Forensic Psychology and Sociology Applications, White-Collar
Crime Trends, Money Laundering, RICO Violations, Cybercrime and Information
Warfare, Sarbanes-Oxley Compliance, Auditing Standards (SAS Nos. 1 & 99),
Internal Controls, Materiality, Earnings Management, Predication Red Flags,
Evidence Authentication and Chain of Custody, Interviewing and Interrogation
Protocols, Miranda Rights, Fourth and Fifth Amendment Protections, Forensic
Valuation (DCF Method), Civil and Criminal Recovery Mechanisms, Daubert and
Frye Rules, Ethical Principles (Utilitarianism), Employee Theft Indicators,
Collusion Detection, and Legal Damages Estimation Exam Questions Verified and
Provided with Complete A+ Graded Rationales Latest Updated 2026
Which statement below correctly states the four elements required to prove larceny?
There was a taking or carrying away, of the money or property of another without the consent
of the owner, and with the intent to deprive the owner of its use or possession.
The tort, known as conversion is correctly stated as:
an unauthorized assumption and exercise of the right of ownership over goods or personal
chattels belonging to another, to the alteration of their condition or the exclusion of the owner's
rights.
,A person is said to act in a 'fiduciary capacity' when:
the business which he transacts, or the money or property which he handles, is not for his own
benefit.
The two primary functions of financial forensics are:
litigation advisory services and investigative services.
The interrelationship among auditing, fraud examination, and financial forensics is:
dynamic and changes over time.
From the list below, create the typical fraud perpetrator profile.
Male, post secondary education, middle aged, professional, and with the company for years.
The three legs of the fraud triangle are:
Opportunity, Perceived Pressure, and Rationalization.
Fraud deterrence begins:
in the employee's mind.
, The USA PATRIOT (Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism) Act is focused on:
white-collar crime, money laundering, and terrorist financing.
As part of legal and regulatory oversight to prevent misconduct, including fraud, professionals
are checking for compliance and doing risk analysis for:
All of the above are correct.
Select the incorrect sentence continuation. Professionals with financial forensic and fraud
examination skills may also work at federal government agencies such as the Government
Accountability Office (GAO). This work:
will not work with the creation of budgets.
White-collar criminals are losing their fear of the Federal Bureau of Investigation (FBI) primarily
because:
the agency's job has shifted its entire terrorism issues
The perpetrators of white-collar crime today:
are aware that the FBI is understaffed and inadequately trained for fraud investigations.
Select five actions most likely to be associated with forensic psychology.
1, 6, 10, 12, and 14.
Principles, Fiduciary Responsibilities, Fraud Triangle (Opportunity, Pressure,
Rationalization), Forensic Psychology and Sociology Applications, White-Collar
Crime Trends, Money Laundering, RICO Violations, Cybercrime and Information
Warfare, Sarbanes-Oxley Compliance, Auditing Standards (SAS Nos. 1 & 99),
Internal Controls, Materiality, Earnings Management, Predication Red Flags,
Evidence Authentication and Chain of Custody, Interviewing and Interrogation
Protocols, Miranda Rights, Fourth and Fifth Amendment Protections, Forensic
Valuation (DCF Method), Civil and Criminal Recovery Mechanisms, Daubert and
Frye Rules, Ethical Principles (Utilitarianism), Employee Theft Indicators,
Collusion Detection, and Legal Damages Estimation Exam Questions Verified and
Provided with Complete A+ Graded Rationales Latest Updated 2026
Which statement below correctly states the four elements required to prove larceny?
There was a taking or carrying away, of the money or property of another without the consent
of the owner, and with the intent to deprive the owner of its use or possession.
The tort, known as conversion is correctly stated as:
an unauthorized assumption and exercise of the right of ownership over goods or personal
chattels belonging to another, to the alteration of their condition or the exclusion of the owner's
rights.
,A person is said to act in a 'fiduciary capacity' when:
the business which he transacts, or the money or property which he handles, is not for his own
benefit.
The two primary functions of financial forensics are:
litigation advisory services and investigative services.
The interrelationship among auditing, fraud examination, and financial forensics is:
dynamic and changes over time.
From the list below, create the typical fraud perpetrator profile.
Male, post secondary education, middle aged, professional, and with the company for years.
The three legs of the fraud triangle are:
Opportunity, Perceived Pressure, and Rationalization.
Fraud deterrence begins:
in the employee's mind.
, The USA PATRIOT (Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism) Act is focused on:
white-collar crime, money laundering, and terrorist financing.
As part of legal and regulatory oversight to prevent misconduct, including fraud, professionals
are checking for compliance and doing risk analysis for:
All of the above are correct.
Select the incorrect sentence continuation. Professionals with financial forensic and fraud
examination skills may also work at federal government agencies such as the Government
Accountability Office (GAO). This work:
will not work with the creation of budgets.
White-collar criminals are losing their fear of the Federal Bureau of Investigation (FBI) primarily
because:
the agency's job has shifted its entire terrorism issues
The perpetrators of white-collar crime today:
are aware that the FBI is understaffed and inadequately trained for fraud investigations.
Select five actions most likely to be associated with forensic psychology.
1, 6, 10, 12, and 14.
