NO.12 Entering a sales total lower than the amount actually paid by the customer is called:

NO.13 Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

NO.14 The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:

NO.15 What is sometimes used to overcome well-designed internal controls of a victim company?

NO.16 Larceny by Fraud or deception means that:

NO.17 If an analytical review reveals that a company’s cost of goods sold has increased by a disproportionate amount relative to its sales, and no changes have occurred in the purchase prices, quantities purchased, or quality of products purchased, what does this most likely indicate?

NO.18 _________ normally are carried on an organization’s books as expenses because they tend to be consumed by the organization within a year of purchase.

NO.19 In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?

NO.20 Which of the following statements regarding financial statement disclosures is FALSE?

NO.21 ________ decrease assets and expenses and/or increase liabilities and/or equity

NO.22 All of the following are basic methods used to prove corrupt payments in corruption schemes EXCEPT:

NO.23 __________ are the amounts which are owned to other entities:

NO.24 Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

NO.25 _____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

NO.26 Natalie, a Certified Fraud Examiner (CFE), is tasked with overseeing cybersecurity protocols for her employer, including identifying potential indicators of intrusion, or unauthorized access, to the organization’s computer network. Which of the following could potentially indicate that the organization’s network has been accessed or compromised?

NO.27 When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called: