Fraud Against Organizations

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Question 1
Free
Multiple Choice

Bribery involves offering, giving, receiving, or soliciting anything of value in order to influence a/an

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A

Decision of government agents

B

Official act

C

Decision of employees

D

All of the above

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Question 2
Free
Multiple Choice

Which of the following is not one of the four types of corruption?

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A

Bribery

B

Larceny

C

Extortion

D

Illegal gratuities

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Question 3
Free
Multiple Choice

Skimming is easier to detect than larceny because

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A

Cash is stolen after it has been recorded in the company's accounting system

B

Cash is stolen before it has been recorded in the company's accounting system

C

Skimming involves fraudulent cash receipts

D

Skimming is not easier to detect than larceny

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Question 4
Free
Multiple Choice

Which is not a type of fraudulent disbursement?

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A

Expense reimbursement Scheme

B

Check tampering

C

Payroll Schemes

D

Larceny

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Question 5
Free
Multiple Choice

Which of the following is one of the three main categories of occupational fraud and abuse?

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A

Corruption

B

Bid-rigging

C

Check tampering

D

Lapping

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Question 6
Multiple Choice

Which of the following fraud scheme will cause missing inventory?

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A
False refunds
B
Check tampering
C
Expense schemes
D
Cash skimming
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Question 7
Multiple Choice

A conflict of interest exists when

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A
An employer knows of an employees interest in a business deal or negotiation
B
An employee's interest in a transaction is undisclosed
C
Employees offer, give, receive or solicit anything of value in order to influence an official act
D
Employees demand payments from vendors for deciding in the vendors' favor
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Question 8
Multiple Choice

Which of the following is not a skimming scheme?

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A
Misappropriate customer payments and write off the receivable as "uncollectible'
B
Intercept checks intended for a third party and convert the checks to cash for their own use
C
Understate sales and collections by recording false or larger-than-reality sales discounts
D
Collude with customers so that they either pay later than required or less than required
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Question 9
Multiple Choice

Asset misappropriation is defined as theft that is committed by

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A
Offering, giving, receiving, or soliciting anything of value to influence an official act.
B
Demanding payment from a vendor in order to make or influence a decision in a vendor's favor.
C
Deceiving individuals into putting their money into a fake investment.
D
Stealing receipts, stealing assets on hand, or by committing any type of disbursement fraud.
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Question 10
Multiple Choice

An employee who doesn't record customer sales and pockets the customer payments is perpetrating which kind of fraud?

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A
Larceny
B
Disbursement fraud
C
Skimming
D
Illegal gratuities
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Question 11
Multiple Choice

Which of the following statements regarding larceny is NOT true?

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A
Larceny is easier to detect than skimming and is less common.
B
Larceny occurs when employees or others steal cash before the amounts have been recorded in the accounting system.
C
Smaller occurrences of larceny are often written off as "shorts" or "miscounts".
D
Perpetrators of larcenies must have direct access to inventory or other assets
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Question 12
Multiple Choice

Which of the following frauds cannot be performed with collusion?

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A
Stealing Receipts
B
Stealing Assets on Hand
C
Stealing Through Disbursements
D
All of the above can be performed with collusion
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Question 13
Multiple Choice

Bid-rigging is a form of a:

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A
Conflict of interest
B
Bribery
C
Extortion
D
Illegal gratuity
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Question 14
Multiple Choice

A recent study indicated that U.S. Organizations lose approximately ____ % of their annual revenues to fraud.

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A
5
B
10
C
17
D
25
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Question 15
Multiple Choice

Check tampering is a form of

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A
Stealing receipts of cash
B
Stealing cash on hand
C
Committing disbursement fraud
D
Committing a corruption fraud
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Question 16
Multiple Choice

When an employee demands payment from a vendor in order to conduct business with the vendor, he or she is committing a ________ .

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A
Bribery scheme
B
Conflict of interest scheme
C
Economic extortion scheme
D
Illegal gratuity scheme
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Question 17
Multiple Choice

Lapping is:

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A
Stealing one customer's payment and then crediting that customer's account with a subsequent customer's payment.
B
Stealing cash from an organization prior to the organization's accounting system recording the cash receipt.
C
Helping a vendor illegally obtain a contract that should have involved competitive bidding.
D
None of the above.
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Question 18
Multiple Choice

Theft of cash through fraudulent disbursements includes which of the following?

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A
Check tampering
B
Register-disbursement schemes
C
Billing Schemes
D
All of the above
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Question 19
Multiple Choice

Frauds against organizations are most likely to be perpetrated by:

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A
Customers
B
Vendors
C
Employees
D
Management
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Question 20
Multiple Choice

The following are all types of corruption except:

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A
Extortion
B
Conflicts of interest
C
Lapping
D
Bribery
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