Test Bank for Fraud Examination 7th Edition by W Albrecht, All Chapters Complete ISBN 9780357721759 Newest Edition 2025

FRAUD EXAMINATION (CHAPTER 1-18) g g g




FINAL EXAM NEWEST ACTUAL EXAM WI g g g g g




TH COMPLETE QUESTIONS AND DETAILE
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D VERIFIED ANSWERS GRADED A+ | 100
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% VERIFIED g




Which of the following is NOT a way that management can establish
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a good internal control environment?
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a) Having a clear organizational structure
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b) Proper training g




c) Communicating openly g




d) Appropriate Hiring Procedures g g




e) All of the above are ways that management can establish a goo
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d internal control environment -
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✔✔✔ Correct Answer > (E) All of the above are ways that manage
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ment can establish a good internal control environment
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The single most effective tool in preventing and detecting fraud is
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usually:

,a) monitoring employees g




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 g g




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




c) Preventing fraud from occurring g g g




d) Severely punishing fraud perpetrators - g g g g




✔✔✔ Correct Answer > (C) Preventing fraud from occurri
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ng


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 g g g




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 to
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:


a) Enforce a strict code of ethics g g g g g




b) Set an example of appropriate behavior
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c) Train employees about appropriate behavior
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d) Make employees read and sign a code of conduct - ✔✔✔
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Correct Answer > (B) Set an example of appropriate behavior A c
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ompany's control environment includes:
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a) the tone that management establishes toward what is h
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onest and acceptable behavior
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b) corporate hiring practices g g




c) having an internal audit department
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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?
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, a) Hiring Honest People g g




b) Providing an EAP g g




c) Autocratic Management g




d) Both A and B - g g g g




✔✔✔ 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?
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a) Fraud prevention g




b) Fraud detection g




c) Fraud investigation g




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?
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a) Discouraging collusion between employees and customers or v g g g g g g g



endors