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Gradebook Student Exam
Page 1 of 3
Grade Details
1.
Question :
Student Answer:
(TCO A) Successful operational auditors possess all the following attributes
except:
Ability to spot trouble areas
Chase elephants, not mice
Subject matter expertise in systems
Communication skills
Instructor Explanation:
Points Received:
Reider, Introduction, page xv
3 of 3
Comments:
2.
Question :
Student Answer:
(TCO A) Businesses do not exist to:
Serve customers
Convert cash
Manage debt
None of the above
Instructor Explanation:
Points Received:
Reider, Chpt 1, page 3
3 of 3
Comments:
3.
Question :
Student Answer:
(TCO A) Operational review phases include:
Planning
Work Programs
Field Work
All of the above
Instructor Explanation:
Points Received:
Reider, Chpt 1, page 17
3 of 3
Comments:
4.
Question :
Student Answer:
(TCO A) The Three E's of operational auditing do NOT include:
Economy
Efficacy
Efficiency
https://takeexam.next.ecollege.com/(NEXT(600f4630ea))/Main/CourseMode/StudentGrad... 1/26/2012
Student Gradebook Exam
Page 2 of 3
Effectiveness
Instructor Explanation:
Points Received:
Reider Chpt 1, page 12
3 of 3
Comments:
5.
Question :
Student Answer:
(TCO F) Which of the following best describes the objective of a fraud
examination?
Make recommendations to management about how to prevent fraud.
Determine whether a crime has been committed, and if so, who is
responsible.
Express an opinion on the guilt or innocence of a suspect.
Determine whether financial statements are free of misstatements due
to fraud.
Instructor Explanation:
Points Received:
Wells, Chpt 1, page 4
3 of 3
Comments:
6.
Question :
Student Answer:
(TCO F) Albrecht's Fraud Scale differs from Cresseys Fraud Triangle by
utilizing the factor of _____.
Rationalization
Perceived non-shareable financial need
Perceived opportunity
Personal integrity
Instructor Received:
Well, Explanation:
Points Chpt 1, page 23
3 of 3
Comments:
7.
Question :
Student Answer:
(TCO F) In a study by Steve Albrecht, Marshall Romney, and Keith Howe,
participants were asked to rank personal characteristics as motivating
factors that contributed to fraud. The highest ranked factor was:
Undue family pressure
Living beyond their means
Lack of appreciation by management
Lack of respect from working peers
Instructor Explanation:
Wells, Chpt 1, page 23
https://takeexam.next.ecollege.com/(NEXT(600f4630ea))/Main/CourseMode/StudentGrad... 1/26/2012
Student Gradebook Exam
Points Received:
Page 3 of 3
3 of 3
Comments:
8.
Question :
Student Answer:
(TCO F) In the Fraud Tree, asset misappropriations are broken down into
cash and non-cash schemes. Which of the following is NOT considered a
misappropriation of cash?
Extortion
Skimming
Larceny
Fraudulent Disbursement
Instructor Explanation:
Points Received:
Wells, Chpt 2, page 48
3 of 3
Comments:
9.
Question :
Student Answer:
(TCO F) The concealment of receivables skimming can be difficult because
the incoming payments are expected.
inventory must be padded to conceal shrinkage.
the audit trail must be destroyed.
All of the above
Instructor Explanation:
Points Received:
Wells, Chpt 2, page 60
3 of 3
Comments:
10.
Question :
Student Answer:
(TCO F) In one of the case studies in the textbook (page 49), Brian Lee, a
top-notch plastic surgeon, collected payments from his patients without
giving a cut to the clinic where he practiced. What was his motivation for
committing the fraud?
He was greedy.
Repay his students loans.
Fund his charitable doctor work.
None of the above
Instructor Explanation:
Points Received:
Wells, Chpt 2, page 51
3 of 3
Comments:
https://takeexam.next.ecollege.com/(NEXT(600f4630ea))/Main/CourseMode/StudentGrad... 1/26/2012

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Keller Graduate School of Management - AC 562 - AC 562

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