Forensic Accounting Exam 1 with answers 2023 graded A+ 100% verified

Which of the following is NOT an esential element of fraud? - evidence that the statement was false Select from the following situations the one that should NOT be defined as abuse: - 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? - 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? - 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? - 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? - Middle aged men and women tend to steal the most frequently Which of the following is a true statement about the detection of fraud? - 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? - 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? - the concealment Which of the following is a true statement about fraud examination methodology? - 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 - increase Employement opportunities for fraud examination and financial forensics specialists and other related professions include all but which of the following: - engineering Which is true of fraud examination and financial forensic skills? - fraud examiners and forensic accountants need to have some understanding of a broad range of knowledge, skills and abilities including such fields as psychology, law and information systems Which of the following is true concerning professional organizations that support fraud examination and financial forensics professionals and their certifications? - the Association of Certified Fraud Examiners created and administers the Certified Fraud Examiners credential The Chartered Accountant (CA) title is the international equivalent of: - Certified Public Accountant (CPA) In fraud examination and financial forensics, which prerequisite knowledge, skills, and abilities are required? - basic accounting such as tracing money through a checking account Which of the following describes the role of research in the fraud examination and financial forensics profession? - research drives innovation and is then refined based on a feedback loop from education and practice Select the best descriptor of the forensic accounting and fraud examination disciplines? - the fields ecompass a wide variety of knowledge skills and abilities Fraud examination and financial forensics include the discipline(s) of: - law, psychology, sociology (all the above) add more -ones not mentioned on hw are, criminology, intelligence, information systems, computer forensics, fraud examination, forensic accounting with a focus on antifraud efforts and best practices, the grea