QUESTION 33
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

QUESTION 34
Most of the shell company schemes involve the purchase of goods rather than services.

QUESTION 35
Linda, an assistant bank manager, purchases a new car that she cannot afford on her salary. To make her car payments, she takes money from a customer’s account and then adjusts the bank’s general ledger to cover the missing amount. Which of the following BEST describes Linda’s scheme?

QUESTION 36
______________ can be detected by closely examining the documentation submitted with the cash receipts.

QUESTION 37
Which of the following statements describes a best practice for preventing contract and procurement fraud?

QUESTION 38
Which of the following statements regarding financial statement disclosures is FALSE?

QUESTION 39
____________ is a process by which a bookkeeper records all transactions and can adjust the books.

QUESTION 40
Bayan finds a residential property with an owner who lives far away. She forges the owner’s signature on property transfer documents that purport to give Bayan full ownership of the property. Bayan then takes the falsified documents to the bank and obtains a loan using the property as collateral. Which of the following BEST describes this scheme?

QUESTION 41
Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.

QUESTION 42
Blue borrowed her employer’s snowplow for her own snow removal business, which she operates on the side.
Blue only used the snowplow on the weekends or after hours, when her employer was not open for business.
Blue falsified the mileage and usage logs for the snowplow so that no one would know she had been using it.
The snowplow was returned unharmed. Which of the following statements is MOST ACCURATE?

QUESTION 43
Which of the following would NOT be considered a conflict of interest?

QUESTION 44
One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

QUESTION 45
Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

QUESTION 46
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

QUESTION 47
Employees with the authority to grant discounts in order to skim revenues may use which authority?

QUESTION 48
Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

QUESTION 49
To help prevent fraudulent billing schemes, it is recommended that companies combine the purchasing and payment functions.

QUESTION 50
Which of the following is NOT an indicator of insider cyberfraud?

QUESTION 51
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

QUESTION 52
_________ normally are carried on an organization’s books as expenses because they tend to be consumed by the organization within a year of purchase.

QUESTION 53
Which of the following is a method that might be used to fraudulently overstate the accounts receivable balance?

QUESTION 54
If a construction developer submitted a draw request to a bank, which of the following would be most indicative of loan fraud?