Working Questions Flashcards
Fraud is a Deception which includes the following elements ( In correct order)
1 Which is believed
2 A Representation
3 Which is false
4 to the victims damage
5 about a material point
6 and intentionally or recklessly so
7 and acted upon by the victim
1 A Representation
2 about a material point
3 which is false
4 and intentionally and recklessly so
5 which is believed
6 and acted upon by the victim
7 to the victim’s damage
List the five types of power in their correct order
1 Referent Power
2 Coercive power
3 Reward Power
4 Legitimate Power
5 Expert Power
1 Reward Power
2 Coercive Power
3 Expert Power
4 Legitimate Power
5 Referent Power
Six Elements of Fraud Fighting Model in correct order
1 Reporting and monitoring
2 Investigation and follow up
3 Tone at the top
4 Integrity risks and control
5 Proactive fraud Detection
6 Education and training
1 Tone at the top
2 Education and training
3 Integrity Risks and control
4 Reporting and monitoring
5 Proactive fraud detection
6 Investigation and follow up
Behavioural changes by employees may be signals of fraud. Top six in order
1 Recent divorce or family problems
2 General attitude of shrews or unscrupulous behaviour
3 Financial difficulties
4 Living beyond one’s means
5 excessive control issues or unwillingness to share duties
6 Unusually close association with vendors or customers
1 Living beyond one’s means
2 Financial difficulties
3 Unusually close association with vendors or customers
4 excessive control issues or unwillingness to share duties
5 Recent divorce or family problems
6 General attitude of shrews or unscrupulous behaviour
What is the identity theft Cycle in order
1 Trial
2 Discovery
3 Action
1 Discovery
2 Action
3 Trial
Three elements of the Fraud Triangle in Order
Perceived Pressure
Perceived Opportunity
Rationalisation
List the five elements of opportunity in order
1 Ignorance, apathy or incapacity
2 Failure to discipline fraud offenders
3 Lack of internal controls
4 Lack of an audit trail
5 Inability to judge quality of performance
1 Lack of internal controls
2 inability to judge quality of performance
3 Failure to discipline fraud offenders
4 Ignorance, apathy or incapacity
5 Lack of an audit trail
What does SAPID stand for?
1 Separation of Duties
2 Authorisation
3 Physical controls
4 Independent checks
5 Documents and Records
Put the ethical development model in the correct order
1 Application to Business situations
2 Personal Ethical Understanding
3 Ethical leadership
4 Ethical courage
1 Ethical Leadership
2 Ethical Courage
3 Application to Business situations
4 Personal Ethical understanding
List the items in the Evidence square in order (choose 4)
1 Personal Observations
2 Documentary Evidence
3 Testimonial Evidence
4 Physical Evidence
5 Referral Evidence
1 Testimonial Evidence
2 Documentary Evidence
3 Physical Evidence
4 Personal Observation
What are the three sides of the Fraud element triangle in order?
1 Theft Act
2 Concealment
3 Conversion
How do you create a culture of honesty openness and assistance in order (Choose 3)
1 Providing an Employee Assistance Program
2 Creating a positive Work environment
3 Hiring honest people
4 Respect privacy
1 Hiring honest people
2 Creating a positive work environment
3 Provide an Employee Assistance Program
List the three Preventative controls in order
1 Authorisations
2 Physical safeguards
3 Segregation of duties
4 Documents and records
1 Segregation of Duties
2 Authorisations
3 Physical safeguards
List the four stages of fraud typically used by organisations in order (choose 4)
1 Investigation
2 Incident
3 Prevention
4 Action
5 Resolution
1 Incident
2 Investigation
3 Action
4 Resolution
What are the six groups of red flag indicators in order
1Tips and complaints
2 Analytical anomalies
3 Internal control weaknesses
4 Management secrecy
5 Extravagant lifestyle
6 Accounting anomalies
7 Unusual behaviors
1 Accounting anomalies
2 Internal control weaknesses
3 Analytical anomalies
4 Extravagant lifestyle
5 Unusual behavior
6 Tips and Complaints
