Fraud Detection Ch 5 Quiz Questions Answered Correctly Latest Update 2025-2026
Which of the following is not a type of altered payee scheme? - AnswersForged maker
Vicky Rogers works in the accounts payable department at HDU, Inc. When checks are returned to the
company for incorrect vendor addresses, she is supposed to research them, correct them, and then
forward them to the proper address. Instead, Rogers decided to convert some of the returned checks
for her own use. Based on the information provided, what type of check tampering scheme is this likely
to be? - AnswersForged endorsement
To prevent and detect forged maker schemes, an organization should: - AnswersSeparate the duties of
check preparation and check signing.
Rotate authorized check signers.
Maintain a usage log for the signature stamp.
The person who prepares and signs the check is known as the ______________ of the check -
AnswersMaker
Methods used to manipulate electronic payments include which of the following? - AnswersAbusing
legitimate access to the employer's payment system
Gaining access to the employer's payment system through social engineering
Exploiting weaknesses in the employer's internal control over its electronic payment system
Methods used to conceal check tampering schemes include all of the following except: - AnswersCheck
kiting
Melanie Diggers is an internal auditor for Atlantic Equipment Rental and Sales. While performing a
routine review of one of the company's bank accounts, she noticed an unusual "adjusting entry" to the
account on the general ledger. She also found that several checks that had cleared the bank in the last
few months were absent from the stack of canceled checks. She requested copies of these checks from
the bank and discovered that they were all made payable to the company's controller who has check
signing authority on the account. The controller is also responsible for performing the bank
reconciliation and recording month-end journal entries. Which of the following schemes do these signs
most likely indicate? - AnswersAuthorized maker scheme
Which of the following is not a type of altered payee scheme? - AnswersForged maker
Vicky Rogers works in the accounts payable department at HDU, Inc. When checks are returned to the
company for incorrect vendor addresses, she is supposed to research them, correct them, and then
forward them to the proper address. Instead, Rogers decided to convert some of the returned checks
for her own use. Based on the information provided, what type of check tampering scheme is this likely
to be? - AnswersForged endorsement
To prevent and detect forged maker schemes, an organization should: - AnswersSeparate the duties of
check preparation and check signing.
Rotate authorized check signers.
Maintain a usage log for the signature stamp.
The person who prepares and signs the check is known as the ______________ of the check -
AnswersMaker
Methods used to manipulate electronic payments include which of the following? - AnswersAbusing
legitimate access to the employer's payment system
Gaining access to the employer's payment system through social engineering
Exploiting weaknesses in the employer's internal control over its electronic payment system
Methods used to conceal check tampering schemes include all of the following except: - AnswersCheck
kiting
Melanie Diggers is an internal auditor for Atlantic Equipment Rental and Sales. While performing a
routine review of one of the company's bank accounts, she noticed an unusual "adjusting entry" to the
account on the general ledger. She also found that several checks that had cleared the bank in the last
few months were absent from the stack of canceled checks. She requested copies of these checks from
the bank and discovered that they were all made payable to the company's controller who has check
signing authority on the account. The controller is also responsible for performing the bank
reconciliation and recording month-end journal entries. Which of the following schemes do these signs
most likely indicate? - AnswersAuthorized maker scheme
