Question: Multiple Choice Questions 1 Which of the following does fraud

Multiple Choice Questions:
1. Which of the following does fraud detection involve?
a. Pinpointing the sources of the fraud.
b. Detecting all frauds.
c. Identifying fraud indicators.
d. None of the above.

2. Which of these is the most common way that frauds, especially in large companies, are discovered?
a. Through hotlines.
b. Through financial statement audits.
c. Through internal audits.
d. By accident.

3. Which of the following provides the most protection for a tipster’s privacy?
a. Confidentiality.
b. Anonymity.
c. Both of the above provide equal protection.
d. None of the above.

4. Which of the following best describes relative the likely incidence of fraud discovery by accident in small companies?
a. Higher.
b. Lower.
c. Unknown.
d. Similar.

5. SAS No. 99, Consideration of Fraud in a Financial Statement Audit, requires that audi¬tors design financial audits in such a way to have a reasonable chance of which of these?
a. Detecting misappropriation.
b. Detecting embezzlement.
c. Both a and b.
d. None of the above.

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  • CreatedMarch 20, 2015
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