Makish

Chapter 5–Check Tampering 1. Check tampering is unique from other fraudulent disbursement schemes because in a check tampering scheme: a. The perpetrator physically prepares the fraudulent check. b. The perpetrator must have access to a signature stamp in order to conceal the crime. c. The perpetrator submits a phony document in order to generate the fraudulent payment. d. The perpetrator must endorse the check in order to cash or deposit it. 2. To successfully carry out and concea...

Chapter 4 – Billing Schemes 1. Categories of billing schemes include which of the following? a. Shell company schemes b. Larceny billing schemes c. Fictitious disbursements schemes d. All of the above 2. In a scheme, the perpetrator uses false documentation to cause a payment to be issued for a fraudulent purpose. a. Purchasing b. Skimming c. Larceny d. Billing 3. In the Fraud Tree, all of the following are categories of fraudulent disbursements except: a. Payroll schemes...

1. Which of the following is not an example of financial statement fraud? a. Falsification of material financial records, supporting documents, or business transactions b. Unintentional misapplication of accounting principles c. Deliberate omission of material disclosures d. All of the above are examples of financial statement fraud 2. Staff Accounting Bulletin Topic 13, “Revenue Recognition,” indicates that revenue is considered realized or realizable and earned when four criteria ar...

Chapter 1 – Introduction 1. Which of the following best describes the objective of a fraud examination? a. To make recommendations to management about how to prevent fraud b. To determine whether financial statements are free of misstatements due to fraud c. To express an opinion on the guilt or innocence of a suspect d. To determine whether a crime has been committed, and if so, who is responsible 2. Which of the following is not a part of the fraud theory approach? a. Analyze avai...

1. Borrowing a company asset for personal use without permission, even if it is returned unharmed, is a form of non-cash asset misappropriation. a. True b. False 2. Which of the following is not a red flag in a fraudulent shipment scheme? a. An increase in bad debt expense b. An unexplained decrease in the scrap account c. Unusually high levels of reorders for inventory items d. Shipments with missing sales documents 3. Manually altering entries in an organization’s books in order ...

9. Which of the following methods can be used to perpetrate a fictitious expense reimbursement scheme? a. Creating counterfeit receipts b. Stealing blank receipts c. Submitting expenses that were paid by a third party d. All of the above 10. What type of expense reimbursement scheme occurs when an employee submits a receipt for an entertainment expense that a client paid for? a. Mischaracterized expense reimbursement b. Overstated expense reimbursement c. Fictitious expense reimburseme...

Question 1 1 out of 1 points Antihistamines may cause side eOects such as blurred vision, constipation, memory problems, and dry mouth. This is due to the eGects of antihistamines. Selected Answer: a. Anticholinergic Question 2 1 out of 1 points A 26-year-old female patient with nicotine dependence and a history of anxiety presents with symptoms of attention de cit hyperactivity disorder (ADHD). Based on the assessment, what does the PMHNP consider? Selected d. Answer: ADHD is...

d. All of the above 20. Jackson, CFE, is investigating a suspected embezzlement by one of XYZ Corp.’s employees. As part of this investigation, she is assembling a financial profile of the suspect. Among other things, she wants to know if the suspect has made any significant real estate purchases since the embezzlement scheme began. Information on real estate transactions such as deeds, grants, transfers, and mortgages is located: a. With the county recorder b. With the state tax assessor...

8.1-1 The two major types of receivables are accounts receivable and notes receivable. Answer: True LO: 8-1 Diff: 1 EOC Ref: S8-1 AACSB: Knowledge/Content AICPA Business Perspective Competencies: Strategic/Critical Thinking AICPA Functional Competencies: Measurement, Reporting 8.1-2 The creditor is the entity that signs a note. Answer: False LO: 8-1 Diff: 1 EOC Ref: Accounting Vocabulary AACSB: Knowledge/Content AICPA Business Perspective Competencies: Strategic/Critical Thinking...

4.1 Learning Objective 4-1 1) The balance sheet is the first financial statement that is prepared at the end of the period. Answer: FALSE 2) The statement of retained earnings shows how retained earnings changed during the period due to acquiring assets and paying liabilities. Answer: FALSE 3) In a balance sheet, prepared under IFRS guidelines, cash is often shown as one of the last assets listed. Answer: TRUE 4) Assets and liabilities are presented in a different order on a balan...