Question 1 When assessing risk and implementing controls, segregation of duties:

can be expensive to implement.

provides assurance that all fraud will be eliminated

requires that processes are contracted to outside parties.

Question 2 Identify the missing words. A conflict of interest arises when an employee has_______personal interest in a_____________that__________affects the company.

an undisclosed, transaction, always

an undisclosed, transaction, adversely

an undisclosed, friendly employee, probably

Question 3 Complete the following sentence : A person obtains property or a financial advantage dishonestly............... ........

if they obtain it without any belief that they had a legal right to obtain it

if they obtain it without any belief that they had a legal right not to obtain it

if they obtain it with the belief that they had a legal right to obtain it

Question 4 The Fraud Triangle suggests that fraud occurs when percived pressure, perceived opportunity and rationalization co-exist. Which of the following is related to the problem of segregation of duties?

Mavis records trade debtors and writes off bad debts

Tim orders office supplies and banks company cash and cheques.

Holly looks after reception and handles all incoming and outgoing mail

Steve writes cheques for expenses and Julie collects cash from customers.

Question 5 Court rules require forensic accountants to disclose all documents and sources of information relied upon in the preparation of their Report because

forensic accountants are required to be subjective

forensic accountants are required to be transparent

forensic accountants are required to share information with auditors

forensic accountants are required to be opportunistic

Question 6 The fraud offence theft differs from the fraud offence obtaining property by deception in that:

Obtaining property by deception requires evidence of dishonesty which is not required to prove theft

Obtaining property by deception requires evidence of deception which is not required to prove theft

Obtaining property by deception requires evidence of conception which is not required to prove theft

Obtaining property by deception requires evidence of precipitation which is not required to prove theft