QUESTION NO: 1
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:
Correct Answer: B
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QUESTION NO: 2
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
Correct Answer: D
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QUESTION NO: 3
Fill in blank
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Fill in blank
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Correct Answer:
Embezzling
QUESTION NO: 4
Most of the shell company schemes involve the purchase of goods rather than services.
Most of the shell company schemes involve the purchase of goods rather than services.
Correct Answer: A
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QUESTION NO: 5
Financial statement fraud is committed by:
Financial statement fraud is committed by:
Correct Answer: D
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QUESTION NO: 6
When employees avoid detection in a refund scheme to keep the sizes of the disbursement law, is referred to:
When employees avoid detection in a refund scheme to keep the sizes of the disbursement law, is referred to:
Correct Answer: A
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QUESTION NO: 7
Which of the following is not the skimming scheme?
Which of the following is not the skimming scheme?
Correct Answer: A
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QUESTION NO: 8
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
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: C
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QUESTION NO: 10
Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:
Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:
Correct Answer: A
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QUESTION NO: 11
A variation between the physical inventory and the perpetual inventory totals is called:
A variation between the physical inventory and the perpetual inventory totals is called:
Correct Answer: D
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QUESTION NO: 12
The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:
The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:
Correct Answer: A
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QUESTION NO: 14
__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.
__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.
Correct Answer: C
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