QUESTION NO: 1
Which of the following is a recommended method for safeguarding an organization's proprietary information?
Which of the following is a recommended method for safeguarding an organization's proprietary information?
Correct Answer: C
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QUESTION NO: 2
Ada uses her mother's government identification card to impersonate her mother and obtain health care for herself under her mother's insurance benefits. Which type of patient health care fraud scheme is Ada MOST LIKELY committing?
Ada uses her mother's government identification card to impersonate her mother and obtain health care for herself under her mother's insurance benefits. Which type of patient health care fraud scheme is Ada MOST LIKELY committing?
Correct Answer: D
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QUESTION NO: 3
Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:
Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:
Correct Answer: D
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QUESTION NO: 4
Georgina works for TAK Intelligence, a competitive intelligence firm. She is tasked with gathering intelligence about ERO Corp., a competitor of one of TAK's clients. To gather the intelligence, Georgina poses as a customer and contacts ERO. She then elicits sensitive information from an ERO employee.
Georgina's approach is an example of:
Georgina works for TAK Intelligence, a competitive intelligence firm. She is tasked with gathering intelligence about ERO Corp., a competitor of one of TAK's clients. To gather the intelligence, Georgina poses as a customer and contacts ERO. She then elicits sensitive information from an ERO employee.
Georgina's approach is an example of:
Correct Answer: D
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QUESTION NO: 5
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
Correct Answer: B
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QUESTION NO: 6
According to accounting principles, ________ and ________ should be recorded or matched in the same accounting period; failing to do so violates the matching principle of GAAP.
According to accounting principles, ________ and ________ should be recorded or matched in the same accounting period; failing to do so violates the matching principle of GAAP.
Correct Answer: D
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QUESTION NO: 7
The most common method of detection in corruption cases is:
The most common method of detection in corruption cases is:
Correct Answer: A
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QUESTION NO: 8
An analytical review reveals that XYZ Company's cost of goods sold has increased by 75% in the last year.
However, its sales revenues only increased by 25% during the same period. This situation MOST LIKELY indicates which of the following?
An analytical review reveals that XYZ Company's cost of goods sold has increased by 75% in the last year.
However, its sales revenues only increased by 25% during the same period. This situation MOST LIKELY indicates which of the following?
Correct Answer: A
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QUESTION NO: 9
___________ and __________ are used to increase (or decrease) the equity account.
___________ and __________ are used to increase (or decrease) the equity account.
Correct Answer: B
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QUESTION NO: 10
The prime targets for skimming schemes, which are hard to monitor and predict such as late fees and parking fees, are:
The prime targets for skimming schemes, which are hard to monitor and predict such as late fees and parking fees, are:
Correct Answer: A
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QUESTION NO: 11
When an incorrect total is carried from the journal to the ledger or from the ledger to the financial statements, this method is called:
When an incorrect total is carried from the journal to the ledger or from the ledger to the financial statements, this method is called:
Correct Answer: C
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QUESTION NO: 12
Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.
Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.
Correct Answer: B
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QUESTION NO: 13
Which of the following is an example of a corruption scheme?
Which of the following is an example of a corruption scheme?
Correct Answer: B
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QUESTION NO: 14
The difference between assets and liabilities is called:
The difference between assets and liabilities is called:
Correct Answer: A
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