QUESTION 31
Which of the following fraud schemes is MOST LIKELY to target a neighborhood of immigrants?

QUESTION 32
The difference between assets and liabilities is called:

QUESTION 33
Which of the following statements is MOST ACCURATE regarding the methods used for making corrupt payments in corruption schemes?

QUESTION 34
All of the following are common ways that a procuring employee might engage in a bid manipulation scheme EXCEPT:

QUESTION 35
___________ and __________ are used to increase (or decrease) the equity account.

QUESTION 36
Which of the following is the MOST LIKELY result of a financial statement fraud scheme?

QUESTION 37
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:

QUESTION 38
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

QUESTION 39
Which of the following is FALSE concerning methods corporate spies generally use to steal information from other organizations?

QUESTION 40
Asset misappropriation schemes were the “middle children” of the study; they were more common than fraudulent statements and more costly than corruption.

QUESTION 41
The fraudsters’ interest lies with an employer other than a company.

QUESTION 42
Which of the following situations MOST LIKELY constitutes health care fraud committed by an insurance company?

QUESTION 43
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

FRAGE 44
Because sales skimming is an off-book fraud scheme, it is unlikely to be detected by reconciling the sales records to the cash receipts.

FRAGE 45
If a construction developer submitted a draw request to a bank, which of the following would be most indicative of loan fraud?

FRAGE 46
___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

FRAGE 47
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

FRAGE 48
To help prevent fraudulent billing schemes, it is recommended that companies combine the purchasing and payment functions.

FRAGE 49
Which of the following are the classifications for the Corruption?

FRAGE 50
Which of the following is NOT a distinguishing feature of a Ponzi scheme?

FRAGE 51
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.