Forensic Accounting Midterm Exam
Questions and Accurate Answers
Four essential elements of fraud - ✔✔-Material false statement
-Knowledge statement was false when communicated
-Relience on false statement by victim
-Damages / finanial loss**
Difference between fraud and attempted fraud - ✔✔Financial loss
What are the three pieces of the fraud triangle - ✔✔-Perceived opportunity
-Perceived pressure
-Rationalization
AICPA is the international professional organization for all CPA's, name the organization that is
the worlds premier provider of anti fraud training and education - ✔✔ACFE- the Association of
certified fraud examiners
Name six potential work places for fraud examiners and forensic accountants - ✔✔-Professional
services firms
-Law firms
-Regulatory agencies
-Government and nonprofits
-Law enforcement agencies
-Public & private companies
True or false: The amount of money that you earn, your income, is the primary indicator that
you will steal from your employer - ✔✔False (the primary is living beyond your means)
Questions and Accurate Answers
Four essential elements of fraud - ✔✔-Material false statement
-Knowledge statement was false when communicated
-Relience on false statement by victim
-Damages / finanial loss**
Difference between fraud and attempted fraud - ✔✔Financial loss
What are the three pieces of the fraud triangle - ✔✔-Perceived opportunity
-Perceived pressure
-Rationalization
AICPA is the international professional organization for all CPA's, name the organization that is
the worlds premier provider of anti fraud training and education - ✔✔ACFE- the Association of
certified fraud examiners
Name six potential work places for fraud examiners and forensic accountants - ✔✔-Professional
services firms
-Law firms
-Regulatory agencies
-Government and nonprofits
-Law enforcement agencies
-Public & private companies
True or false: The amount of money that you earn, your income, is the primary indicator that
you will steal from your employer - ✔✔False (the primary is living beyond your means)
