Term
| Recording an expense is a possible way to conceal the theft of cash: |
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Definition
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Term
| Analytical Anomalies are present in every fraud |
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Definition
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Term
| A check is an example of a source document: |
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Definition
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Term
| Internal Control weaknesses give employees opportunities to commit fraud |
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Definition
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Term
| Internal control is composed of the control environment, the accounting system, and control procedures (activities). |
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Definition
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Term
| Analytical Fraud Symptoms are the least effective way to detect fraud |
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Definition
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Term
| Most people who commit fraud used the embezzled funds for retirement |
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Definition
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Term
| As fraud perpetrators become more confident in their fraud schemes, they steal and spend increasingly larger amounts |
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Definition
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Term
| First-time offenders usually exhibit no psychological changes |
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Definition
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Term
| Psychopaths feel no guilt because they have no conscience |
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Definition
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Term
| It is safe to assume that fraud has not occurred if one or more elements of the fraud triangle cannot be observed |
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Definition
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Term
| The fraud elements consist of concealment, conversion, and completion |
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Definition
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Term
| Auditors can best help detect fraud in conversion |
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Definition
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Term
| Auditors can best help detect fraud in conversion |
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Definition
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Term
| Some complaints and tips turn out to be unjustified |
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Definition
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Term
| Fraud is a crime that is seldom observed |
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Definition
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Term
| Because of the nature of fraud, auditors are often in the best position to detect its occurence |
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Definition
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Term
| Most people who commit fraud are under financial pressure |
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Definition
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Term
| Studies have found that the most common internal control problem when frauds occur is having a lack of proper authorizations |
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Definition
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Term
| Fraud perpetrators who manipulate accounting records to conceal embezzlements often attempt to balance the accounting equation by recording expenses |
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Definition
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Term
| Employee transfers, audits, and mandatory vacations are all ways to provide independent checks on employees |
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Definition
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Term
| New whistle-blowing laws have helped make tips and complaints more effective |
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Definition
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Term
| Coworkers are usually in the best position to detect fraud |
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Definition
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Term
| Fraud perpetrators often live beyond their means since their income does not support their lifestyle |
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Definition
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Term
| Nearly all individuals and organizations are subject to pressures and can rationalize |
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Definition
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Term
| Which of the following is true regarding fraud? |
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Definition
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Term
| Which of the following is NOT a fraud symptom related to source documents? |
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Definition
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Term
| Which of the following is a fraud symptom related to an internal control weakness? |
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Definition
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Term
| In the three elements of fraud (theft act, concealment, conversion), who is usually in the best position to detect the fraud? |
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Definition
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Term
| When a person commits a crime: |
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Definition
| He or she usually becomes engulfed by emotions of fear and guilt. |
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Term
| Most people who commit fraud: |
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Definition
| Use the embezzled funds to improve their lifestyle |
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Term
| Which of the following is NOT a reason people are hesitant to come forward with knowledge or suspicions of fraud? |
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Definition
| People who report fraud are often rewarded monetarily. |
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Term
| Which of the following is NOT one of the categories of employee fraud symptoms? |
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Definition
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Term
| Embezzlement of assets reduces the left side of the accounting equation. To conceal the theft the embezzler must find a way to reduce the right side of the accounting equation. A perpetrator would most likely reduce the right side of the equation by: |
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Definition
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Term
| Which of the following is NOT a fraud symptom related to journal entries? |
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Definition
| Journal entries made near the beginning of accounting periods |
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Term
| Which os the following is NOT a common internal control fraud symptom or problem? |
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Definition
| Unexplained adjustments to receivables, payables, revenues, or expenses. |
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Term
| Once in a while, someone commits fraud or another crime and does not feel stress. Such people are referred to as: |
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Definition
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Term
| Fraud is usually detected by recognizing and pursuing |
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Definition
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Term
| If a perpetrator has stolen assets, which of the following is the easiest method for concealing the theft? |
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Definition
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Term
| Which of the following is a common fraud symptom relating to ledgers? |
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Definition
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Term
| Which element is NOT a common element of fraud? |
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Definition
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