Investigating Concealment

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Question 1
Free
Multiple Choice

__________ are commonly used by attorneys involved in litigation to track documents

Choose correct answer/s
A

RFID tags

B

Bates numbers

C

Bar codes

D

All of the above

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Question 2
Free
Multiple Choice

Secondary evidence may be used in all of the following instances except:

Choose correct answer/s
A

The original document has been lost or destroyed without the intent or fault of the party seeking to introduce the secondary evidence.

B

The original document is in the possession of an adverse party who fails to produce it after a written notice to do so.

C

The original documents are too voluminous to permit careful examination.

D

The original documents are too fragile to be handled.

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Question 3
Free
Multiple Choice

The risk that an auditor examines a fraudulent check and does not recognize it as being fraudulent is called:

Choose correct answer/s
A

Sampling Risk

B

Non-Sampling Risk

C

Discovery Sampling Risk

D

Population Sampling Risk

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Question 4
Free
Multiple Choice

All of the following information can be obtained from a cancelled check except:

Choose correct answer/s
A

Account number of the maker

B

Account number of the person who presented the check

C

A trail of all people who transferred the check (assignees and assignors)

D

Nature of transaction (cashed, deposited, presented for payment)

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Question 5
Free
Multiple Choice

Computer searches and physical asset counts usually focus on which element of a fraud?

Choose correct answer/s
A

Theft act

B

Concealment

C

Conversion

D

Inquiry investigation

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Question 6
Multiple Choice

Methods for concealment investigation include all but which of the following?

Choose correct answer/s
A
Document examination
B
Honesty testing
C
Audits
D
Computer searches
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Question 7
Multiple Choice

Three most common ways to obtain documentary evidence are _____________ .

Choose correct answer/s
A
By subpoena, voluntary consent, and invigilation
B
By subpoena, search warrant, and voluntary consent
C
Search warrant, invigilation, and surveillance
D
Voluntary consent, surveillance, and invigilation
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Question 8
Multiple Choice

Each of the following is true about concealment investigation EXCEPT:

Choose correct answer/s
A
Concealment investigation includes document investigation, physical asset counts, and computer searches.
B
Many concealment investigation techniques focus on obtaining documentary evidence
C
Audits are considered a concealment investigation technique.
D
Invigilation (tightening controls to establish a fraud-free baseline and closely supervising the suspects during an examination period) is considered a concealment investigation technique.
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Question 9
Multiple Choice

Which of the following is not a common way to obtain hard-to-get documentary evidence?

Choose correct answer/s
A
Subpoena
B
Search Warrant
C
Voluntary Consent
D
Force
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Question 10
Multiple Choice

Three most common ways to obtain documentary evidence that is usually difficult to get are _____________ .

Choose correct answer/s
A
By subpoena, voluntary consent, and invigilation
B
By subpoena, search warrant, and voluntary consent
C
Search warrant, invigilation, and surveillance
D
Voluntary consent, surveillance, and invigilation
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Question 11
Multiple Choice

Which of the following is generally not an approach to investigate the concealment aspect of fraud?

Choose correct answer/s
A
Document examination
B
Audits
C
Computer searches
D
Polygraph tests
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Question 12
Multiple Choice

Which of the following does not appear on a check, which has been cashed?

Choose correct answer/s
A
Teller number
B
Date
C
Transaction number
D
Time of the transaction
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Question 13
Multiple Choice

Which of the following terms describes the risk that the sample is not representative of the population?

Choose correct answer/s
A
Errors
B
Non-sampling risk
C
Sampling risk
D
Detection risk
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Question 14
Multiple Choice

Documents presented in court are often disputed. The following are questions that arise from disputed documents except:

Choose correct answer/s
A
Was the signature written before the rest of the document?
B
Is the signature genuine?
C
Was the writing disguised?
D
How old are the paper, printing and ink used?
E
All of the above are questions that arise from disputed documents
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Question 15
Multiple Choice

An audit is a method of what investigation?

Choose correct answer/s
A
Theft Investigation
B
Conversion Investigation
C
Concealment investigation
D
Inquiry Investigation
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Question 16
Multiple Choice

Which of the following issues is often disputed in court?

Choose correct answer/s
A
Is the signature genuine?
B
Was printing performed before or after a signature?
C
How old is the paper, printing and ink used?
D
All of the above issues are often disputed in court.
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Question 17
Multiple Choice

Which of the following is not a type of Financial Statement Fraud?

Choose correct answer/s
A
Overstated revenues
B
Understated revenues
C
Stealing company money
D
Early revenue recognition
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Question 18
Multiple Choice

Computer searches and physical asset counts are methods for ___________ .

Choose correct answer/s
A
Theft investigation
B
Concealment investigation
C
Conversion investigation
D
Inquiry investigation
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Question 19
Multiple Choice

Moe owns a 24-hour convenience store. He has noticed that the amounts of liquor inventory purchases have gotten bigger and frequent lately. Nevertheless, sales provided by this particular item haven't increased. He is concerned that the two night-shift employees might be involved. The best method to use for this investigation is:

Choose correct answer/s
A
Theft investigation
B
Conversion investigation
C
Embezzlement investigation
D
Concealment investigation
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Question 20
Multiple Choice

You are completely sure of which variable to examine in a concealment fraud case. The most efficient investigation method would be:

Choose correct answer/s
A
Computer searches, since they better identify signals of fraud
B
Random sampling
C
Discovery sampling, since they better identify signals of fraud
D
Check all records, because it eliminates both sampling and non-sampling risk
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