One of the most important contributions of criminology to the study of fraud is:

the fraud triangle……..

the M.I.C.E. concept.

the relationship of punishment to remediation.

none of the other answers are correct.

1 point

2.Question 2

In terms of frequency of occurrence, the largest category of fraud is which of the following:

Asset misappropriation…………

Corruption

Financial reporting fraud, also known as financial statement fraud

Ponzi schemes such as the $60 billion Madoff fraud

1 point

3.Question 3
Which of the following is not recognized by the ACFE as a behavioral warning sign?

Complained about inadequate pay

Addiction problems

Need for money

Excessive pressure to perform within the organization ….

1 point

4.Question 4

Fraud can be committed by:

intentional misapplication of accounting principles that guide the disclosure of financial

information.

omission of events, transactions, or other significant information in the notes related to the
financial statements.

alteration of the underlying accounting data.

All of the choices are correct……..

1 point
5.Question 5

Which of the following with regard to fraud losses is NOT correct.

Fraud losses may include employee layoffs.

Fraud losses are seldom fatal to small businesses………

Financial statement fraud losses may include losses to employee pension funds.

Fraud losses may result in investment losses.

1 point

6.Question 6

With regard to the fraud triangle, which of the following is correct with respect to the attribute
“pressure”

“Pressure” is NOT an attribute of the fraud triangle.

“Pressure” is real and most citizens would commit fraud if under the same duress……….

“Pressure” is not considered an attribute of motive.

“Pressure” is a perception, seemingly real to the fraud perpetrator, even if the same pressure
might be considered insignificant by others.
1 point

7.Question 7

The interrelationship among auditing, fraud examination, and financial forensics is:

dynamic and changes over time………..

based on the SOX Act and SAS 99.

established and maintained by legal structures and justice processes.

constant even while social and cultural pressures are exerted on it.

1 point

8.Question 8

Thomas Coughlin was presented as a fraud example. Which of the following is the correct
statement?

Mr. Coughlin as an alleged fraudster is a bad person who made a bad decision.

Mr. Coughlin, as a low level Wal-Mart employees risked little by allegedly committing a fraud

Mr. Coughlin is a great example of the accidental fraudster…….

Mr. Coughlin’s alleged fraud was the fourth in a long string of fraud acts.

1 point

9.Question 9

Thomas Coughlin was presented as a fraud example. Which of the following is the correct
statement?

Once the evidence is examined, fraud and related financial crimes usually make sense.

Do not inflict your value system when trying to understand what others might do.

Fraud examiners should make sure that the facts, circumstances and evidence confirm their fraud
theory of the case……….

The evidence is not as important as the underlying assumptions.

1 point

10)

Which of the following statements is correct with regard to collusion?

Collusion is seldom responsible for management’s ability to override the system of internal
control

Frauds involving collusion are difficult to detect……….

Collusion is involved in almost all frauds

Collusion is not an aspect of opportunity.

1 point

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