Detecting fraud - Study guides, Revision notes & Summaries

BOD committees required for companies listed on NYSE - (Think NCA - nominating, compensation, audit) 1. Nominating/corp gov committee. 2. Compensation committee 3. Audit Committee T/F: NASDAQ companies require the same corporate governance rules as NYSE - False. They require audit committee and compensation committee but not nominating/corp gov committee T/F: the G20/OECD principles are binding for all international companies adapting the principles - False. Nonbinding since many compani...

C254 WGU PRACTICE REVIEW QUESTIONS WITH CORRECT ANSWERS In the past (early 20th century time-frame), what was the general consensus of the principal purpose of audits (including among auditors)? To detect fraud To certify for the public that management is qualified to run the entity To evaluate that companies, follow GAAP Investigative and analytical purposes CORRECT ANSWER To detect fraud Why has there been so much frustration between the general public and auditors regarding fr...

©BRAINBARTER 2024/2025 CFE Exam Questions With 100% Verified Answers Falsified Hours & Salary Schemes - answerThe most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage r...

NEW YORK AUTO EXAM 17-66 STUDY GUIDE WITH 100% CORRECT ANSWERS All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: - answer to produce notes that will support a fraudulent denial of claims. The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of the claims file, and to be used in future proceedings. The log notes are not intended to produce a fraudulent record to deny a claim.

CFCI Study Guide – Updated Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." Main types of fraud Internal Fraud Internal Fraud and External Fraud Activities that may be criminal, committed within an organization, typically by the employ...

Oracle Cloud Infrastructure 2023 AI Foundations Associate (1Z0-1122-23) Test || Questions & Answers (Rated A+) Oracle Cloud Infrastructure 2023 AI Foundations Associate (1Z0-1122-23) Test || Questions & Answers (Rated A+) What is artificial intelligence? - ANSWER - the simulation of intelligent behaviours by computers Main characteristics of AI - ANSWER - Collection of data and the rules for using that data Ability to reason Ability to learn and adapt Expert system - ANSWER - A co...

(Economic downturn 2008 to 2013) Most economists agree that __________ and _________ were the root causes of the economic downturn. - - sub-prime mortgages - other risky financial instruments Financial statements prepared by organizations play an important role in keeping America's markets efficient, what do financial statements provide? - - meaningful disclosures of: ---where a company has been ---where it is currently ---where it is going Financial statement fraud is also refer...

CHAA Review 01 Questions and Answers Already Passed Under the Title III of the Americans with Disabilities Act, hospitals are require to: a. provide info for restroom locations b. provide patients and families all docs for admissions c. provide resources to eliminate barriers in communication d. ensure all patients are accommodated for admission. Provide resources to eliminate barriers in communication What is NOT important when initiating a patient satisfaction survey? a. what data...

Certified Fraud Examiner (CFE) set 1 from ACFE Rated A+ According to The Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing, due professional care implies infallibility. A. True B. False ️False Which of the following is TRUE regarding organizational structure? A. Companies with departments that are isolated geographically have a reduced risk of fraud B. The existence of many specialized departments within a company genera...

CHAPTER 6-12 FOR MOCK MCQS SUMMARY SOLICITORS ACCOUNTS RETAKE EXAM Inherent risk differs from detection risk in that inherent risk: A. arises from the misapplication of auditing procedures. B. may be assessed in either quantitative or non-quantitative terms. C. exists independently of the financial report audit. D. can be changed at the auditor's discretion. - CORRECT ANSWER-C Which of the following would not increase inherent risk? A. Introduction of a performance-based management ...