ACCT 562 Auditing; An Operational And Internal Perspective Including Fraud Examination

Question (TCO F) Which of the following factors should be considered when determining whether to employ outside consultants during a fraud examination engagement Question (TCO F) Which of the following statements about handling and storing documentary evidence is not true? Question (TCO F) Which of the following statements is true regarding the use of undercover operations as part of a fraud examination? Question (TCO F) Jackson, CFE, is investigating a suspected embezzlement by one of XYZ Co...

Question (TCO F) Claiming personal travel as a business expense is an example of what type of expense reimbursement scheme? Question (TCO F) An altered or forged receipt can indicate what type of expense reimbursement scheme? Question (TCO F) Remy Lewis has just started working as a marketing research analyst for Commercial Casting Company in New York City. He is relocating his family to New York from North Carolina, but they haven’t moved yet. Twice a month, the company pays for Lewis to tr...

Question (TCO E) Statement of condition looks at the following, except: Question (TCO E) Criteria standards for the operational auditor include internal standards for the organization, such as _____. Question (TCO E) When internal standards are lacking, the auditor must utilize a _____. Question (TCO E) One of the functions of the operational review report is to Question (TCO E) The ABC’s of effective reporting include all of the following except: Question (TCO F) To prevent and detect fo...

Question (TCO C) The work program is the key to: Question (TCO C) Management, process owners, and key users of the process should all be ____________ in the work program. Question (TCO F) What is the primary difference between cash larceny and skimming? Question (TCO F) Which of the following is a method for concealing larceny of receivables? Question (TCO F) All of the following are ways a fraudster might conceal cash larceny from the deposit except: Question (TCO F) Jeff Lewis is an accou...

Question (TCO B) One of the primary purposes of the planning phase is to: Question (TCO B) Information obtained during the course of planning includes: Question (TCO B) Sources of planning information comes from all of the following EXCEPT: Question (TCO B) Problem areas should be identified. The auditor is encouraged to chase the ___________, not the _________________. Question (TCO F) According to a study by COSO, which of the following groups is the most likely to commit financial stateme...

Question (TCO A) Successful operational auditors possess all the following attributes except: Question (TCO A) _____ and converting cash allows a business to survive. Question (TCO A) Operational review phases are conducted in the following order: Question (TCO A) The Three E’s of operational auditing include: Question (TCO F) Which of the following best describes the objective of a fraud examination? Question (TCO F) Which of the following is NOT one of the legs of the Fraud Triangle? Q...