Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?
When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:
A __________ is a day-by-day, or chronological, record of transactions
Bid-rigging scheme occurs when:
When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:
Delivery has not occurred or services have not been rendered when:
Larceny by Fraud or deception means that:
Which of the following is the criterion for bid solicitation?
The difference between assets and liabilities is called:
________ decrease assets and expenses and/or increase liabilities and/or equity
Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:
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:
__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.
Entering a sales total lower than the amount actually paid by the customer is called:
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
Most of the shell company schemes involve the purchase of goods rather than services.
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
According to a survey, in principal perpetrator, males in a majority of cases, accounting for ___ percent of frauds versus ___ percent in which a female was the primary culprit.
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?
A typical issue involving material and fraud would be:
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Which of the following is NOT the type of billing scheme?
According to Hollinger and Clark for Policy development, management must pay attention to:
___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.
A shell company scheme in which actual goods or services are sold to the victim company is known as:
___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.