Questions and Answers of Fraud Examination

What are some of the nonverbal clues to deception?
In January 2009, approximately how many employees did Satyam Computer Services employ?
What is the primary business of Satyam Computer Services Ltd?
When the fraud was revealed who took control of the company?
How much money did the Raju’s earn from sales of Satyam stock in the eight years preceding the fraud revelation?
How many board members did Ramalinga Raju implicate in the fraud?
What was the cash balance sheet amount and how much cash actually existed in the Satyam’s bank accounts?
How much money was Mr. Ames earning annually?
From where did Mr. Ames claim that his money came?
On what date was Mr. Ames charged?
What was Mr. Ames primary motive for his acts?
What was the dollar amount of his initial goal for his first act?
Of what crime was Al Capone convicted?
For income to be taxable, Should it be derived from legitimate sources, illegal sources, or both?
Why was Al Capone not convicted of money laundering?
What was the business that Al Capone admitted to having owned?
How much money did the Capone organization earn in the 1930s? In terms of current U.S. dollars, how much did the organization earned (i.e., convert the 1930 amounts to today’s dollar amount)?
How long was Al Capone sentenced to serve and in what famous prison?
From what country is A-Z believed to live?
From what country(ies) is(are) his accomplices?
From what country(ies) is(are) A-Z’s victims?
What is the name of the software program that tracks a PC user’s keystroke activity and alerts the cyber-gang each time the PC user logs into their bank account?
How much money did the A-Z scheme net in total?
Where was the computer server holding key instructions discovered?
What was Barry Minkow’s original business?
What business allowed Barry Minkow to grow the company?
After the fraud was cleared, how much income did ZZZZ Best earn?
When Barry Minkow was young, what crimes, if any, did he allegedly commit?
Who, if anyone (person or organization), was responsible for detecting this scheme?
Does U.S. District Judge Dickran Tevrizian believe that Barry Minkow is reformed?
On what date did the SEC file charges against Qwest’s CEO and other executives?
Excluding Mr. Nacchio, how many other executives were named in the SEC suit?
What was the dollar value of the Qwest overstatement?
Did Qwest admit to improper accounting before or after the SEC suit?
On how many charges was Mr. Nacchio convicted?
How old was Mr. Nacchio at the time of his conviction?
Of what offense was Scrushy ultimately convicted?
How long was Mr. Scrushy’s prison sentence?
What were the losses at HealthSouth associated with the fraud?
Despite Mr. Scrushy’s acquittal, how many other HealthSouth executives went to jail?
How long was the Scrushy trial?
How many former HealthSouth executives testified against Mr. Scrushy?
In a large office building, there is a woman dead in her locked office, “sitting” at her desk. Except for the desk, chair, and contents on the desk, the office is empty and the air conditioner is
How many birthdays does the average person have?
The magical elevator. There is a man who lives on the top floor of a very tall building. Every day he gets the elevator down to the ground floor to leave the building to go to work.Upon returning
A murderer is condemned to death. He has to choose between three rooms. The first is full of raging fires, the second is full of assassins with loaded guns, and the third is full of lions that
There are 5 different color houses, occupied by people of 5 different nationalities, who smoke 5 different cigar brands, drink 5 different types of alcohol, and have 5 different pets. The houses are
Five pieces of coal, a carrot, and a scarf are lying on the lawn. Nobody put them on the lawn, but there is a perfectly logical reason they should be there. What happened?How do you explain this?
A man went outside without an umbrella or a raincoat, yet did not get wet.
A man is found shot to death in the front seat of his car. All the windows are closed and the doors are locked; there are no bullet holes anywhere in the car and he did not commit suicide. How was he
A black man dressed all in black, wearing a black mask, stands at a crossroads in a black-painted town. All of the streetlights in town are broken. There is no moon. A black-painted car without
In baseball, how many outs are there in an inning?
A man and his son are in a car accident. The father dies on the scene, but the child is rushed to the hospital. When he arrives the surgeon says, “I can’t operate on this boy, he is my son!”
A woman had two sons who were born on the same hour of the same day of the same year, but they were not twins. How can this be?
Do you believe that fraud in the United States is more or less prevalent than fraud in countries outside the United States? Why?
How would a fraudster conceal missing cash, especially amounts of this magnitude?
How would an audit not catch missing cash amounts of this magnitude?
What makes channel stuffing illegal by comparison to a car dealership that runs “mega” end-of-year sales?
Why is it difficult to convict organized crime leaders?
While Al Capone was clearly the leader of his organization and benefited extensively, what enticed others to participate in his illegal activities?
In Al Capone’s time, why would judges and law enforcement and other responsible parties ignore and condone his activities? Do persons in authority act similarly in today’s society (examples)?
Why is a threat such as the one allegedly perpetrated by A-Z so difficult to investigate and prosecute?
What are the means by which cybercriminals meet and agree to participate in such an activity?
Can society expect more or fewer crimes similar to that allegedly perpetrated by A-Z? Why?
In general, how was Barry Minkow able to execute and perpetuate his fraud for so long?
In your opinion, were the ZZZZ Best auditors at fault for not catching this fraud earlier? Why or why not?
Given that the ZZZZ Best fraud occurred in 1987, why is society still plagued by financial statement frauds?
Are accounting disclosures less important, as important, or more important, than the financial statements? Why?
Why should the stock markets be concerned about if, and when, executives sell stock? In your opinion, should executive stock sales be disclosed? Why or why not?
Should the SEC take leniency on a company that self-reports accounting improprieties and other frauds?
In your opinion, why did prosecutors fail to win a conviction of Scrushy in the HealthSouth accounting fraud case?
How can an expert witness protect their credibility?
An expert witness is hired by either the prosecution (plaintiff) or defense (defendant). Given that the expert witness has been hired by one side, how does he or she address challenges to their
Which of the following statements best describes corporate governance with respect to fraud?1. Auditors are primarily responsible for the detection of fraud, the Board of Directors for the deterrence
Which of the following is not a reason that the prevention and detection of fraud resulting from management override and collusion presents a significant challenge for the antifraud community?1.
Which of the following is not an inherent part of Statement on Auditing Standards, No. 99/113?1. Greater scrutiny of the chief executive and chief financial officers personal financial condition2.
Select the statement that is most accurate with regard to materiality.1. Materiality does not create discretionary choices for managers, executives, and auditors.2. Earnings management is not
According to the ACFE 2016 Report to the Nations, which of the following is the most frequent source of initial fraud detection?1. A call to the police 2. Tips 3. Accidental discovery 4. The
Which of the following is not considered a red flag (indicator)of fraud?1. Accounting anomalies 2. Analytical inconsistencies 3. Nonfinancial numbers 4. Behavioral anomalies
Which of the following is not a step in the targeted fraud risk assessment process?1. Identify the parties who have the ability to commit the potential fraud.2. Place the parties who most likely
When is it least appropriate to use an indirect method for income reconstruction?1. The person or entity of interest has adequate books and records.2. Gross profit percentages appear to change
Which of the following is most accurate with regard to data that becomes integral evidence in an examination?1. The best evidence is reliable and valid.2. Internet searching always provides quality
Which of the following is not correct with regard to the physiology of deception?1. Arrogance is a poor character quality and a reaction to stress.2. People lie for one of two reasons: to receive a
Which of the following does not make recovering deleted files more difficult from a personal computer?1. A long period of computer use after a file has been deleted 2. The use of “defrag” after
E-discovery rules were developed primarily with regard to what communication technology?1. Telephone communications, including faxes 2. Sending and receiving emails 3. Downloading of e-books, using
Which of the following statements is most accurate?1. Terrorism and terrorism financing were not a concern prior to September 11, 2001.2. In contrast to drug trafficking, money laundering is a not a
Which of the following statements is most accurate?1. For mail fraud statutes to apply, the use of the mail system must be integral to the criminal activity.2. Electronic transmission of Internet
Which of the following statements is least accurate?1. Documentary letters of credit are a common form of international payment because both the buyer and the seller are afforded some protection.2.
With regard to tax avoidance and tax evasion, which of the following is most accurate?1. Tax evasion is another term for tax fraud.2. Tax avoidance and tax evasion are essentially the same activity,
Which of the following is not an approach used to combat money laundering in cyberspace?1. Identify and reduce the ability to make anonymous financial transactions.2. Require confidential financial
Which of the following is an ethical principle?1. A. Legal 2. B. Moral versus ethical choices for decision-making 3. C. Generalization 4. D. Personal behavior
Which of the following is not a characteristic of a profession?1. A. Governed by rules 2. B. Unique body of knowledge 3. C. External recognition 4. D. A body devoted to advancement and
Which of the following departments can be exempted from compliance efforts?1. A. Legal and compliance because it implements and enforces compliance efforts 2. B. Manufacturing and production because
Select the least accurate statement:1. A. Risks come in many forms.2. B. RPA is an emerging technology consistent with artificial intelligence.3. C. The Foreign Corrupt Practices Act requirements are
Which of the following statements about fraud prevention is most accurate?1. A. Fraud prevention eliminates fraud.2. B. Fraud in its totality cannot be prevented across an organization.3. C. Fraud
Which of the following is most consistent with fraud deterrence?1. A. Improved ability to optimize messaging 2. B. Employees who handle incoming cash may also record the transactions 3. C. Surprise
Which of the following is most consistent with fraud prevention?1. A. Project owner approval over bid specifications 2. B. Separation of hiring personnel from payroll processing personnel 3. C.
Which of the following statements is not a process control?1. A. Reconciliations 2. B. Employees who disburse cash should not make changes to the vendor master file 3. C. Analyses that include
Organizations can use a variety of mechanisms to increase the fear of getting caught. Which of the following is not one of those mechanisms?1. A. Conversion efforts 2. B. Fraud risk management
Which of the following statements with regard to the current ethical climate is accurate?1. A. Whistleblower protections appear to be in place and effective.2. B. Through cultural innovation and

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