ACCT 562 Study guides, Class notes & Summaries

ACCT 562 WEEK 3 QUIZ ANSWERS.

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 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 Corp....

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 forged ...

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 statement f...

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? Questio...