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1. Which of the following measures would be MOST EFFECTIVE in detecting an expense reimbursement scheme?
A) Assess expense reports for expenses that are lower than those of other employees.
B) Extract all expense accounts with balances that match historical amounts and subject them to further review.
C) Discuss each expense an employee incurred with the Human Resources Department.
D) Review all travel expenses that occurred outside the dates of known employee business trips.
2. Which of the following is an insurance fraud detection tool used for identifying funds fraudulently sent to fictitious payees by using computer-generated reports to compare payments sent to the same location?
A) Duplicate payment lists
B) Exception reports
C) Address similarity reports
D) Electronic confirmations
3. Which of the following is an example of a cash larceny scheme ?
A) Laura pretends to record a sale on the cash register when Amy makes a purchase, but she steals Amy's cash instead and gives her the merchandise without recording the sale.
B) Scott performs a No-Sale transaction on the cash register, opens the register drawer, and takes a $100 bill.
C) Michael is a cashier at a store. He records a fictitious return of a $50 jacket and takes $50 from the cash register.
D) Anne buys a $500 table from a shop. Olive, the cashier, records a $400 sale on the cash register and steals the excess $100.
4. Which of the following is a recommended activity that organizations should engage in to protect their proprietary information from threats?
A) Practicing data minimization to limit the information available during a data breach
B) Enlisting a company task force to identify the information security practices of competitors
C) Storing devices that contain sensitive data in specially constructed quiet rooms
D) Prohibiting all nonemployees from entering the organization's premises
5. Which of the following is a common red flag of procurement fraud schemes involving collusion among contractors?
A) More competitors than usual submit bids on a project or product.
B) Bid prices decline when a new contractor enters the competition.
C) All contractors submit bids that are consistently low.
D) The winning bidder does not subcontract any work to a third party.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: C |
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