Week 6 Short Answer Quiz

Copy and paste each question on a separate Word document.

Write a brief response, no less than 45 words, for each question.

Submit your assignment on the Assignments tab.

• 1. What does it mean to create a Culture of Honesty, Openness, and Assistance? Give an example from an organization with which you have been affiliated.
• 2. Codes of Conduct and Conflict of Interest Forms are often called soft controls. What does this mean?
• 3. What does it mean to have a good system of internal controls? Give some examples of internal controls.
• 4. Whistleblower policies and procedures? Good or bad idea? Why?
• 5.Symptomsoffraudcanbeseparatedintosixgroups:(1)accountinganomalies,(2)internalcontrolweaknesses,(3)analyticalanomalies,(4)extravagantlifestyle,(5) unusual behavior, and (6) tips and complaints. Discuss three.

6. Discusstheelementsofagoodfraudreport.

• 7. What does Tone at the Top mean?
• 8. Discuss the relative oversight responsibility of the audit committee, management, internal audit and independent auditors as it pertains to fraud.
• 9.Summarize the five steps of managing the Business Risk of Fraud.
• 10.DefineandexplainERM.
• 11.What is a risk assessment? What are the steps to complete one?
• 12. Give some examples of how technology may be used in fraud prevention.
• 13. Explain FCPA and the U.K. Bribery Act. Why all the fuss?