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

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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 

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