FRAUD EXAMINATION (CHAPTER 1-18)
FINAL EXAM NEWEST ACTUAL EXAM
WITH COMPLETE QUESTIONS AND
DETAILED VERIFIED ANSWERS GRADED
A+ | 100% VERIFIED
Which of the following is NOT a way that management can
establish a good internal control environment?
a) Having a clear organizational structure
b) Proper training
c) Communicating openly
d) Appropriate Hiring Procedures
e) All of the above are ways that management can establish a
good internal control environment - ✔✔✔ Correct Answer > (E)
All of the above are ways that management can establish a
good internal control environment
The single most effective tool in preventing and detecting fraud
is usually:
,a) monitoring employees
b) having a good system of internal controls
c) having a well-written company code of ethics
d) following strict hiring procedures - ✔✔✔ Correct Answer >
(B) having a good system of internal controls
The most effective way to reduce losses from fraud:
a) Detecting fraud early
b) Implementing proactive fraud detection programs.
c) Preventing fraud from occurring
d) Severely punishing fraud perpetrators - ✔✔✔ Correct
Answer > (C) Preventing fraud from occurring
To successfully prevent fraud, an organization must:
a) identify and remedy internal control weaknesses
b) explicitly consider fraud risks
c) take proactive steps to create the right kind of environment
d) all of the above - ✔✔✔ Correct Answer > (D) All of the Above
,The best way for management to model appropriate behavior is
to:
a) Enforce a strict code of ethics
b) Set an example of appropriate behavior
c) Train employees about appropriate behavior
d) Make employees read and sign a code of conduct - ✔✔✔
Correct Answer > (B) Set an example of appropriate behavior
A company's control environment includes:
a) the tone that management establishes toward what is
honest and acceptable behavior
b) corporate hiring practices
c) having an internal audit department
d) All of the Above - ✔✔✔ Correct Answer > (D) All of the
Above
Which of the following factors generally results in a high-fraud
environment?
, a) Hiring Honest People
b) Providing an EAP
c) Autocratic Management
d) Both A and B - ✔✔✔ Correct Answer > (C) Autocratic
Management
Which of the following aspects of fraud usually results in the
largest savings?
a) Fraud prevention
b) Fraud detection
c) Fraud investigation
d) It is impossible to tell - ✔✔✔ Correct Answer > (A) Fraud
Prevention
Which of the following is usually the most effective tool in
preventing and detecting fraud?
a) Discouraging collusion between employees and customers or
vendors
FINAL EXAM NEWEST ACTUAL EXAM
WITH COMPLETE QUESTIONS AND
DETAILED VERIFIED ANSWERS GRADED
A+ | 100% VERIFIED
Which of the following is NOT a way that management can
establish a good internal control environment?
a) Having a clear organizational structure
b) Proper training
c) Communicating openly
d) Appropriate Hiring Procedures
e) All of the above are ways that management can establish a
good internal control environment - ✔✔✔ Correct Answer > (E)
All of the above are ways that management can establish a
good internal control environment
The single most effective tool in preventing and detecting fraud
is usually:
,a) monitoring employees
b) having a good system of internal controls
c) having a well-written company code of ethics
d) following strict hiring procedures - ✔✔✔ Correct Answer >
(B) having a good system of internal controls
The most effective way to reduce losses from fraud:
a) Detecting fraud early
b) Implementing proactive fraud detection programs.
c) Preventing fraud from occurring
d) Severely punishing fraud perpetrators - ✔✔✔ Correct
Answer > (C) Preventing fraud from occurring
To successfully prevent fraud, an organization must:
a) identify and remedy internal control weaknesses
b) explicitly consider fraud risks
c) take proactive steps to create the right kind of environment
d) all of the above - ✔✔✔ Correct Answer > (D) All of the Above
,The best way for management to model appropriate behavior is
to:
a) Enforce a strict code of ethics
b) Set an example of appropriate behavior
c) Train employees about appropriate behavior
d) Make employees read and sign a code of conduct - ✔✔✔
Correct Answer > (B) Set an example of appropriate behavior
A company's control environment includes:
a) the tone that management establishes toward what is
honest and acceptable behavior
b) corporate hiring practices
c) having an internal audit department
d) All of the Above - ✔✔✔ Correct Answer > (D) All of the
Above
Which of the following factors generally results in a high-fraud
environment?
, a) Hiring Honest People
b) Providing an EAP
c) Autocratic Management
d) Both A and B - ✔✔✔ Correct Answer > (C) Autocratic
Management
Which of the following aspects of fraud usually results in the
largest savings?
a) Fraud prevention
b) Fraud detection
c) Fraud investigation
d) It is impossible to tell - ✔✔✔ Correct Answer > (A) Fraud
Prevention
Which of the following is usually the most effective tool in
preventing and detecting fraud?
a) Discouraging collusion between employees and customers or
vendors
