TEST Bank for Fraud Examination 6th Edition By W. Steve Albrecht LATEST.pdf

FRAUD EXAMINATION (CHAPTER 1-18) b b b




FINAL EXAM NEWEST ACTUAL EXAM WIb b b b b




TH COMPLETE QUESTIONS AND DETAIL
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ED VERIFIED ANSWERS GRADED A+ | 10
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0% VERIFIED b




Which of the following is NOT a way that management can establish
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a good internal control environment?
b b b b




a) Having a clear organizational structure
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b) Proper training b




c) Communicating openly b




d) Appropriate Hiring Procedures b b




e) All of the above are ways that management can establish a goo
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d internal control environment -
b b b b




✔✔✔ Correct Answer > (E) All of the above are ways that manag
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ement can establish a good internal control environment
b b b b b b b




The single most effective tool in preventing and detecting fraud is
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usually:

,a) monitoring employees b




b) having a good system of internal controls
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c) having a well-written company code of ethics
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d) following strict hiring procedures - ✔✔✔ Correct Answer >
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(B) having a good system of internal controls
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The most effective way to reduce losses from fraud:
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a) Detecting fraud early b b




b) Implementing proactive fraud detection programs. b b b b




c) Preventing fraud from occurring b b b




d) Severely punishing fraud perpetrators -
b b b b




✔✔✔ Correct Answer > (C) Preventing fraud from occurr
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ing


To successfully prevent fraud, an organization must:
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a) identify and remedy internal control weaknesses
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b) explicitly consider fraud risks b b b




c) take proactive steps to create the right kind of environment
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d) all of the above - ✔✔✔ Correct Answer > (D) All of the Above
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,The best way for management to model appropriate behavior is t
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o:


a) Enforce a strict code of ethics b b b b b




b) Set an example of appropriate behavior
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c) Train employees about appropriate behavior
b b b b




d) Make employees read and sign a code of conduct - ✔✔✔
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Correct Answer > (B) Set an example of appropriate behavior A
b b b b b b b b b b b




company's control environment includes: b b b




a) the tone that management establishes toward what is h
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onest and acceptable behavior
b b b




b) corporate hiring practices b b




c) having an internal audit department
b b b b




d) All of the Above -
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✔✔✔ Correct Answer > (D) All of the Above
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Which of the following factors generally results in a high-
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fraud environment?
b

, a) Hiring Honest People b b




b) Providing an EAP b b




c) Autocratic Management b




d) Both A and B - b b b b




✔✔✔ Correct Answer > (C) Autocratic Management
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Which of the following aspects of fraud usually results in the large
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st savings?
b




a) Fraud prevention b




b) Fraud detection b




c) Fraud investigation b




d) It is impossible to tell -
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✔✔✔ Correct Answer > (A) Fraud Prevention
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Which of the following is usually the most effective tool in preventin
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g and detecting fraud?
b b b




a) Discouraging collusion between employees and customers or v
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endors