FRAUD FORENSIC ACCOUNTING D551 WGU
| 2025/2026 UPDATE | QUESTIONS AND
ANSWERS | WITH COMPLETE SOLUTION
,1 of 91
Term
A company's CIO is developing a hacker detection program. What
must the CIO do to ensure that the program is effective?
1- Generate usernames & passwords using a digital system's
randomizer function
2- Enable wiretapping to read the info being transmitted
between devices.
3- Provide multiple remote access options to identify data security
breaches.
4- Have internal or external auditors frequently
review telecommunications security.
Give this one a try later!
4- Have internal or external 2-A training assignment on
auditors frequently review acceptable & nonacceptable gifts
telecommunications from its clients
security.
3-Ensuring multiple people are
3-Write-protecting systems &
involved in decision-making during
program disks
the competitive bidding process.
Don't know?
2 of 91
Definition
Concealed expenses can take several forms: misrepresenting
legitimate business expenses as personal, or fabricating expenses
, altogether to inflate profits or assets,
failing to record liabilities or understating them,
Give this one a try later!
Fictitious assets Concealed expenses
Fraudulent disbursements Improper disclosures
Don't know?
3 of 91
Term
A company received a contract to supply goods on April 1. However,
as very few sales were reported in the 1st qrtr., the management
decided to record this sale on March 31. This way, the company's
performance would appear stronger in Q1. Which financial statement
fraud scheme did the management perform?
1- Improper asset
valuation 2-Fictitious
revenue
3- TIming difference
4- Concealed expenses
Give this one a try later!
3-Timing difference 3-Fear of punishment
, 1-Mischaracterized expense
2-Lapping reimbursements
Don't know?
4 of 91
Term
A fraud examiner is conducting an introductory interview of a
crucial witness in a large embezzlement scheme. Which emotive
word used by the fraud examiner will put the interviewee in a
defensive mode? 1-Review
2- Ask a few
questions 3-
Investigate
4-Paperwork Problems
Give this one a try later!
3- Independently verify the info
& develop documentary evidence 3-Timing difference
& other witnesses based on the
info.
3-I know that you are a hardworking
employee. You would have never
done that if you did not have
3-Investigate
financial pressure at home. Isn't that
right?
Don't know?
5 of 91
| 2025/2026 UPDATE | QUESTIONS AND
ANSWERS | WITH COMPLETE SOLUTION
,1 of 91
Term
A company's CIO is developing a hacker detection program. What
must the CIO do to ensure that the program is effective?
1- Generate usernames & passwords using a digital system's
randomizer function
2- Enable wiretapping to read the info being transmitted
between devices.
3- Provide multiple remote access options to identify data security
breaches.
4- Have internal or external auditors frequently
review telecommunications security.
Give this one a try later!
4- Have internal or external 2-A training assignment on
auditors frequently review acceptable & nonacceptable gifts
telecommunications from its clients
security.
3-Ensuring multiple people are
3-Write-protecting systems &
involved in decision-making during
program disks
the competitive bidding process.
Don't know?
2 of 91
Definition
Concealed expenses can take several forms: misrepresenting
legitimate business expenses as personal, or fabricating expenses
, altogether to inflate profits or assets,
failing to record liabilities or understating them,
Give this one a try later!
Fictitious assets Concealed expenses
Fraudulent disbursements Improper disclosures
Don't know?
3 of 91
Term
A company received a contract to supply goods on April 1. However,
as very few sales were reported in the 1st qrtr., the management
decided to record this sale on March 31. This way, the company's
performance would appear stronger in Q1. Which financial statement
fraud scheme did the management perform?
1- Improper asset
valuation 2-Fictitious
revenue
3- TIming difference
4- Concealed expenses
Give this one a try later!
3-Timing difference 3-Fear of punishment
, 1-Mischaracterized expense
2-Lapping reimbursements
Don't know?
4 of 91
Term
A fraud examiner is conducting an introductory interview of a
crucial witness in a large embezzlement scheme. Which emotive
word used by the fraud examiner will put the interviewee in a
defensive mode? 1-Review
2- Ask a few
questions 3-
Investigate
4-Paperwork Problems
Give this one a try later!
3- Independently verify the info
& develop documentary evidence 3-Timing difference
& other witnesses based on the
info.
3-I know that you are a hardworking
employee. You would have never
done that if you did not have
3-Investigate
financial pressure at home. Isn't that
right?
Don't know?
5 of 91
