When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.
Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that does not results from theft.
One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:
The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:
The _______________ cost method of pricing would carry an asset’s value on the financial statements as what it would currently cost, considering inflation.
Price-level adjusted historical cost
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.
The fraudsters’ interest lies with an employer other than a company.
The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:
Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
The behavior profile of employees who are involved in bribery schemes may include:
Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:
Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.
Larceny by Fraud or deception means that:
__________ are the amounts which are owned to other entities:
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
Undisclosed payments made by vendors to employees of purchasing companies are referred to as:
According to fraud tree, cash has three following schemes:
Which of the following is not the skimming scheme?
Which of the following offender types in which people who take the money and run away?
Which of the following can constitute a bribe, even if the illicit payment is never actually made?
Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.