TRUE OR FALSE: Fraud examinitions should only be commenced upon a predication.
answer: TRUE
predication is the basis upon which fraud examination is done and each step taken during fraud examination should only be commenced after predication
TRUE OR FALSE: Fraud examinitions should only be commenced upon a predication.
es QUESTION 8 Fortunately, Enron's fraud only effected the employees and stareholders of True False QUESTION 9 The quick ratio is usually smaller than the curent ratio True False es QUESTION 8 Fortunately, Enron's fraud only effected the employees and stareholders of True False QUESTION 9 The quick ratio is usually smaller than the curent ratio True False
3. Per the Fraud Examiners Manual, what should a fraud examiner do if the examiner cannot articulate a factual basis or good reason for an investigative step? A. the fraud examiner should do a proactive search for red flags to establish predication. B. the fraud examiner should search for evidence that fraud has occurred, is occurring, or will occur. the fraud examiner should conduct an admission seeking interview. D. the fraud examiner should not do the investigative step.
True or False: Evaluation of evidence should be solely based upon study design.
Forensic accounting: True or false Fraud examiners and forensic accounting professionals need to think critically and creatively about what type of harm created by a computer crime in a particular situation constitute a loss and work with victims to document and measure the losses True or False The cost of installing completely new security measures that are unrelated to preventing further damage resulting from a malicious offender should be included in a loss total from a computer crime. True or...
Financial statement fraud is complex because it often involves collusion. True False High net worth individuals are likely to use private banks. True False The three legs of the fraud triangle are opportunity, perceived benefit, and rationalization. True False Money and ego are the two most commonly observed motivations for fraud and abuse. True False When discussing the costs of fraud and other litigations, by the time a formal investigation is launched and the allegations are addressed within the legal...
liability accounts should only be debited and never credited true or false
TRUE OR FALSE: Most fraud examinations involve taking various pieces of incomplete circumstantial evidence and assembling them into a solid cohesive structure that either proves or disproves the existence of fraud.
Outperformance versus the benchmark is the only measure one should consider. Select one: True False
Business Law True or False Mason commits fraud when he sells his desk to Alice. In some states, Alice can rescind the contract and sue for damages.
True or False: Viruses like influenza A virus are acted upon by a T cell subset that releases inflammatory cytokines. Select one: O True O False