LSU ACCT 4235 EXAM WITH
CORRECT ANSWERS
What is one way to determine if a Website is secure or not? - Answer- Look for an "s"
after the "http" in the URL of the website
Which of the following is an indicator of possible hiding of assets in a divorce? - Answer-
All of these are indicators of possible hiding of assets
The two basic fraudulent register disbursement schemes are false refunds and false
voids - Answer- True
The retention of a fraud investigator in a bankruptcy proceeding must be approved by
the bankruptcy judge unless: - Answer- An individual creditor or shareholder pays the
investigator
Which federal statute that credit reports can only be obtained for legitimate business
needs? - Answer- Title 15 U.S. Code S 1681
Which of the following is not a fraud risk unique to e-business transactions? - Answer-
Selling new products
Consumers should provide credit card number or bank account information over the
telephone only when: - Answer- They initiated the call and are purchasing a legitimate
product
If you become a victim identity theft, you should first: - Answer- Contact the Federal
Trade Commission for assistance and advice
Which of the following is not a type of tax fraud? - Answer- Overstating income
If an audit reveals that an individual has underpaid his or her taxes, the auditor: -
Answer- An auditor can refer to the CI division, assess civil fines, and assess penalties
Which of the following types of controls is least often used to protect IT processing
equipment? - Answer- Documents and records
Statistics show that fraud losses are directly proportional to age and inversely
proportional to education - Answer- False
, Which of the following human features is generally not used in biometrics? - Answer-
Weight
Asset misappropriations are divided into two categories: theft of cash and theft of
inventory - Answer- True
Phishing is the method of: - Answer- Using e-mail or other Internet applications to
deceive people into disclosing valuable personal information
Which of the following is not one of the common stages of a criminal case? - Answer-
Filing a Complaint
When deposing an expert witness, the opposing attorneys try to achieve all of the
following goals except: - Answer- Seeking admission of guilt
During a trial or deposition, expert witnesses should: - Answer- Answer questions
convincingly, without hedging their answers
What is/are the distinguishing factor(s) between the lower and higher state trial courts? -
Answer- Both the mount of monetary damage and the seriousness of the crime
Which of the following is a popular program used to index and store evidence? -
Answer- CaseMap
Which of the following statements regarding documents versus eyewitnesses is not
accurate? - Answer- When faced with a choice between an eyewitness and a good
document as evidence, most fraud experts choose the witness
In a civil trial, settlements may be negotiated" - Answer- At any time during the litigation
An audit is part of which type of investigative method? - Answer- Concealment
Which statistical sampling allows an auditor to generalize and make inferences from the
sample to the population? - Answer- Discovering Sampling
To be convicted in a criminal case, the standard of evidence is: - Answer- Beyond a
reasonable doubt
The least reliable method of obtaining documentary evidence is: - Answer- By accident
Which of the following items is not included on a subpoena? - Answer- The location of
the documents being requested
The Fourth Amendment requires that probable cause exist before a defendant is
arrested or searched. Which of the following levels of evidence is necessary to show
probable cause? - Answer- Less than certainty, but more than speculation or suspicion
CORRECT ANSWERS
What is one way to determine if a Website is secure or not? - Answer- Look for an "s"
after the "http" in the URL of the website
Which of the following is an indicator of possible hiding of assets in a divorce? - Answer-
All of these are indicators of possible hiding of assets
The two basic fraudulent register disbursement schemes are false refunds and false
voids - Answer- True
The retention of a fraud investigator in a bankruptcy proceeding must be approved by
the bankruptcy judge unless: - Answer- An individual creditor or shareholder pays the
investigator
Which federal statute that credit reports can only be obtained for legitimate business
needs? - Answer- Title 15 U.S. Code S 1681
Which of the following is not a fraud risk unique to e-business transactions? - Answer-
Selling new products
Consumers should provide credit card number or bank account information over the
telephone only when: - Answer- They initiated the call and are purchasing a legitimate
product
If you become a victim identity theft, you should first: - Answer- Contact the Federal
Trade Commission for assistance and advice
Which of the following is not a type of tax fraud? - Answer- Overstating income
If an audit reveals that an individual has underpaid his or her taxes, the auditor: -
Answer- An auditor can refer to the CI division, assess civil fines, and assess penalties
Which of the following types of controls is least often used to protect IT processing
equipment? - Answer- Documents and records
Statistics show that fraud losses are directly proportional to age and inversely
proportional to education - Answer- False
, Which of the following human features is generally not used in biometrics? - Answer-
Weight
Asset misappropriations are divided into two categories: theft of cash and theft of
inventory - Answer- True
Phishing is the method of: - Answer- Using e-mail or other Internet applications to
deceive people into disclosing valuable personal information
Which of the following is not one of the common stages of a criminal case? - Answer-
Filing a Complaint
When deposing an expert witness, the opposing attorneys try to achieve all of the
following goals except: - Answer- Seeking admission of guilt
During a trial or deposition, expert witnesses should: - Answer- Answer questions
convincingly, without hedging their answers
What is/are the distinguishing factor(s) between the lower and higher state trial courts? -
Answer- Both the mount of monetary damage and the seriousness of the crime
Which of the following is a popular program used to index and store evidence? -
Answer- CaseMap
Which of the following statements regarding documents versus eyewitnesses is not
accurate? - Answer- When faced with a choice between an eyewitness and a good
document as evidence, most fraud experts choose the witness
In a civil trial, settlements may be negotiated" - Answer- At any time during the litigation
An audit is part of which type of investigative method? - Answer- Concealment
Which statistical sampling allows an auditor to generalize and make inferences from the
sample to the population? - Answer- Discovering Sampling
To be convicted in a criminal case, the standard of evidence is: - Answer- Beyond a
reasonable doubt
The least reliable method of obtaining documentary evidence is: - Answer- By accident
Which of the following items is not included on a subpoena? - Answer- The location of
the documents being requested
The Fourth Amendment requires that probable cause exist before a defendant is
arrested or searched. Which of the following levels of evidence is necessary to show
probable cause? - Answer- Less than certainty, but more than speculation or suspicion
