Question 8To improve the effectiveness of the fraud triangle, Wolfe and Hermanson suggests which characteristic as an addition to the fraud triangle?1 pointCapabilityCapacity to steal IntegrityEgo or entitlement.9.Question 9With regard to segregation of duties, which of the following is not oneof the four major functions1 pointauthorizingcorrectingrecordingsafeguarding10.Question 10

Which of the following is not one of the components of the fraud triangle?Multiple choice question.DishonestyRationalizationOpportunityPressure

Question 3With regard to predatory fraudsters, which of thefollowing statements is correct?1 pointThe fundamental premise of the Fraud Triangle suggests that when an ordinaryperson, or predatory fraudster, commits fraud, all three of the legs of thetriangle must be present.Predators spend their time and energy looking for opportunities tocommit fraud.The fundamental premise of the Fraud Triangle suggeststhat when an ordinary person, or accidental fraudster, commits fraud, all threeof the legs of the triangle must be present.Predatory fraudsters are good at creating elaborate excuses orrationalizations for their conduct.

Question 9Which of the following is correct with regard to internal controls.1 pointThe fraud triangle inherently assumes no internalcontrolsThe fraud scale inherently assumes no internalcontrolsThe triangle of fraud action inherently assumes nointernal controlsSegregation of duties is most likely the most important internalcontrol

Question 1One major difference between fraud and a mistake is:1 pointConcealmentCover-upThe actConversion (benefit to the perpetrator)

Question 6From an investigatory perspective, the shortcoming ofthe fraud triangle is as follows:1 pointThe fraud triangle doesn’t help the investigatorunderstand the motivations of the fraudster.The fraud triangle doesn’t help the investigator understand why thefraudster committed fraud.Pressure and rationalization are generally notobservable.The fraud triangle is as important to an investigation as any othertool