(TCO F) Which of the following factors should be considered when determining whether to employ outside consultants during a fraud examination engagement? (Points : 3) – Homeworkmade

DOWNLOAD: (TCO F) Which of the following factors should be considered when determining whether to employ outside consultants during a fraud examination engagement? (Points : 3) – Homeworkmade

Question 1.1. (TCO F) Which of the following factors should be considered when determining whether to employ outside consultants during a fraud examination engagement? (Points : 3)         Company politics The degree of expertise required for specific tasks Potential threats of retaliation against internal investigators All of the above

Question 2.2. (TCO F) Which of the following statements about handling and storing documentary evidence is not true? (Points : 3)         Documents received should be initialed and dated by the fraud examiner. The original document should be preserved for forensic examinations. Photocopied documents should be stored in transparent plastic envelopes. Documents should never be stapled or paper-clipped.

Question 3.3. (TCO F) Which of the following statements is true regarding the use of undercover operations as part of a fraud examination? (Points : 3)         Undercover operations should be used only if there is sufficient probable cause that a crime has been committed. There are no restrictions governing the use of undercover operations as part of fraud investigations Undercover operations must be coordinated with appropriate law enforcement to be legal. Undercover operations are never legal and should not be used in fraud examinations.

Question 4.4. (TCO F) Jackson, CFE, is investigating a suspected embezzlement by one of XYZ Corp.’s employees. As part of this investigation, she is assembling a financial profile of the suspect. Among other things, she wants to see if the suspect has made any significant real estate purchases since the embezzlement scheme began. Information on real estate transactions such as deeds, grants, transfers, and mortgages is located: (Points : 3)         With the county recorder With the state tax assessor With the secretary of state With the U.S. Department of Land Management

Question 5.5. (TCO F) A well-written, accurate, and understandable investigation report will: (Points : 3)         Convey all pertinent evidence Add credibility to the investigation Accomplish the objectives of the case All of the above

Question 6.6. (TCO F) The axiom that states employees who believe that they will be caught engaging in occupational fraud and abuses are less likely to commit it is called: (Points : 3)         Cognitive choice Preventive selection Perception of detection None of the above

Question 7.7. (TCO F) Having an adequate program to report fraud is vital to the success of an organization’s efforts to detect and deter fraud. Which of the following is a key point that should be emphasized in such a program? (Points : 3)         If everyone works together, fraud, waste, and abuse can be completely eliminated within the organization. There is an exact method for reporting suspected wrongdoing. Penalties may be assessed on employees who report inaccurate information, regardless of intent. All of the above

Question 8.8. (TCO F) As it relates to Corporate Sentencing Guidelines, corporations are required to perform certain minimum steps for due diligence. Which of the following is one of the required steps? (Points : 3)         Consistently enforce standards through appropriate discipline. Have policies defining standards and procedures to be followed by the organization’s agents and employees. Use due care not to delegate significant authority to people who are known to have a propensity to engage in illegal activities. All of the above are part of due diligence

Question 9.9. (TCO F) The concept of _____ provides that corporations can legally be held criminally responsible for the acts of their employees if those acts were done in the course and scope of their employment and for the apparent benefit of the corporation. (Points : 3)         civil responsibility displaced criminal sanctions imputed liability connected accountability

Question 10.10. (TCO F) The tone at the top that is set by management is more important in providing a strong ethical message to employees than having _____. (Points : 3)         a formal organizational ethics policy a strong company ethics statement a whistleblower protection program required ethical training for all associates