1.Question 1One major difference between fraud and a mistake is:1 point

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

Question 1One major difference between fraud and a mistake is:1 pointConcealmentCover-upThe actConversion (benefit to the perpetrator)2.Question 2With regard to the length of an employee’s time with an organization,which of the following statements is correct. Most occupational fraud byemployees takes place:1 pointin the first year of work at the organization.after the first year of work at the organization.in the last years of work at the organization, justbefore retirement.after ten or more years of work at the organization,because they have the most authority and access to company funds such as bankaccounts.

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

Opportunity, Financial Pressure, and Rationalization are the three main factors contribute to fraud activity. In your view, discuss the factor that you believe is the most crucial to creating a fraud. Provide examples to support your conclusion and defend your choice in the discussion.

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.4.Question 4Large fraud perpetrators are more likely to use the money for all of the following except:1 pointto purchase new homes.to pay for expensive vacations.to support extramarital affairs.to pay taxes.5.Question 5Overall, management must design, implement, and maintain:1 pointan internal controls program to protect entity assets, liabilities, and owners’ equity.internal controls to support effective and efficiency of operations, reliability of reporting, and compliance with laws and regulations.an automated accounting system that implements each component of U.S. GAAP accounting principles.All of the choices are correct.6.Question 6Based on a number of theories, people obey laws for all of the following reasons except:1 pointThe fear of punishment.The desire for rewards.In order to act in a just and moral manner according to society’s standards.Due to a duty to act7.Question 7With regard to internal controls, which of thefollowing would generally not be considered an internal control for payroll.1 pointUse of time cardsPasswords to log into computersIdentification cards to record when employees start and end a job taskCameras to record activities at the workplace.8.Question 8Fraud deterrence begins:1 pointwith the employer’s internal controls.in the employee’s mind.with the fraud examination.with regulatory and legal actions such as PCAOB Auditing Standard No. 5, AICPA Statement on Auditing Standards (SAS) No. 99, and the Sarbanes–Oxley Act.9.Question 9When describing the characteristics of a crime, the Triangle of Fraud Action contains which of the following components?1 pointThe ActRationalizationConversionFinancial Pressure10.Question 10Three of the various objectives of an internal control program are:1 pointfraud prevention, fraud deterrence, and fraud mitigation.fraud prevention, fraud deterrence, and fraud detection.fraud deterrence, fraud detection, and fraud prosecution.fraud elimination, fraud deterrence, and fraud mitigation.