Possible Exam 1 Questions - Forensics nn 7

Possible Exam 1 Questions - Forensics nn 7 - a True b False...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: a. True b. False 35. Continuing presence of a firm's founder is a red flag of a poor management philosophy. a. True b. False 36. Obtaining national stock exchange listing status is not a major motive for fraud. a. True b. False 41. The FBI has developed a profile of a fraudster. a. True b. False 42. Firms sacrifice on the average 8 cents in additional income taxes per dollar by cooking their books. a. True b. False 45. The turmoil in the financial markets in 2008 and 2009 caused a number of pension funds to be underwater. a. True b. False 46. Behavioral psychologists call rationalizing white collar crime “reframing.” a. True b. False 47. Stamping down the desire to steal is an excellent way to prevent fraud. a. True b. False 48. Poor controls or missing controls cause loss of assets and poor business decisions. a. True b. False 52. Reconciliations of bank statements would be considered a detective control. a. True b. False 53. A drug testing program would be considered a preventive control. a. True b. False Page 7 of 44 ...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online