Fraud examination
1. Which of the following statements regarding fraud on behalf of an
organization is true?: This type of fraud benefits top executives as it generally increases stock price.
2. Management fraud is often referred to as:: financial statement fraud.
3. How is the confidence element established in a Ponzi scheme?: By paying
returns to investors initially
4. The burden of proof in a criminal case: beyond a reasonable doubt
5. Which of the following is NOT a primary reason for increased size and
number of frauds: Increased centralization of businesses
6. Which of the following frauds is usually the most expensive?: Management
(financial statement) fraud
7. The ACFE does NOT include which of the following major categories of
occupational fraud?: Pension fraud
8. Which of the following observations concerning occupational fraud is
NOT true?: It usually involves two or more employees.
9. Which of the following is NOT a characteristic of management fraud?:
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, Kickbacks or bribes
10. Which of the following statements is true?: Fraud always involves deception,
confidence, and trickery
11. A company is a victim of a $414 million fraud. At that time its
profit margin is 10%. How much additional revenue should the company
generate in order to recover the effect on net income?: $4.14 billion
12. Which individual listed is most likely to commit financial statement
fraud in order to benefit an organization?: An executive
13. The victim is a company or organization in all of the following
EXCEPT:: investment scams.
14. Civil claims begin when one party files a complaint against another,
usually for the purpose of: being awarded financial restitution
15. Which of the following is NOT an element of a Ponzi scheme?:
Collected money is invested
16. Which of the following is the most common type of occupational fraud:
Employee embezzlement
17. Which of the following statements about criminal and civil cases is
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1. Which of the following statements regarding fraud on behalf of an
organization is true?: This type of fraud benefits top executives as it generally increases stock price.
2. Management fraud is often referred to as:: financial statement fraud.
3. How is the confidence element established in a Ponzi scheme?: By paying
returns to investors initially
4. The burden of proof in a criminal case: beyond a reasonable doubt
5. Which of the following is NOT a primary reason for increased size and
number of frauds: Increased centralization of businesses
6. Which of the following frauds is usually the most expensive?: Management
(financial statement) fraud
7. The ACFE does NOT include which of the following major categories of
occupational fraud?: Pension fraud
8. Which of the following observations concerning occupational fraud is
NOT true?: It usually involves two or more employees.
9. Which of the following is NOT a characteristic of management fraud?:
1/
13
, Kickbacks or bribes
10. Which of the following statements is true?: Fraud always involves deception,
confidence, and trickery
11. A company is a victim of a $414 million fraud. At that time its
profit margin is 10%. How much additional revenue should the company
generate in order to recover the effect on net income?: $4.14 billion
12. Which individual listed is most likely to commit financial statement
fraud in order to benefit an organization?: An executive
13. The victim is a company or organization in all of the following
EXCEPT:: investment scams.
14. Civil claims begin when one party files a complaint against another,
usually for the purpose of: being awarded financial restitution
15. Which of the following is NOT an element of a Ponzi scheme?:
Collected money is invested
16. Which of the following is the most common type of occupational fraud:
Employee embezzlement
17. Which of the following statements about criminal and civil cases is
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