{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Possible Exam 1 Questions - Forensics nn 23

Possible Exam 1 Questions - Forensics nn 23 - a Current...

Info icon This 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. Current accrual account. b. Accounts receivable. c. Revenue accounts. d. Inventory accounts. e. None of the above. 104. The COSO model of control: a. Encompasses best practice control perspectives from a number of professional associations. b. Focuses on documented control procedures as the most important aspects of control. c. Acknowledges that management behaviors are not important, provided employees are given clear direction on conduct. d. States that a "risk assessment" is a good idea, but only really necessary for banks. e. None of the above. 105. Monitoring controls do not include: a. Management reports that identify nonconforming transactions. b. Monitoring the system of internal control through internal audit activities. c. The preparation of an audit by a licensed CPA firm. d. A company's ethics policy signed by all company employees and executives. e. None of the above. 107. Which level of criminal intent is most commonly required in prosecutions of white‐collar crime? a. Purposely. b. Knowingly. c. Recklessly. d. Negligently. e. None of the above. 108. A "debit" to assets in a double‐entry accounting system has what effect? a. A decrease in an assets account and an increase somewhere else. b. An increase in an assets account and a decrease somewhere else. c. A decrease in income and an increase in equity. d. An increase in expenses and a decrease in liabilities. e. A decrease in a shareholder equity account. 109. Which is a false statement? a. A "day's sales in receivable index" for manipulators is 1.5 to 1. b. The "gross margin index" for manipulators is 1.2 to 1. c. The "asset quality index" for manipulators is 1.25 to 1. d. The "sales growth index" for manipulators is 60 percent. e. The "total accruals to total assets index" for manipulators is .018. Page 23 of 44 ...
View Full Document

  • Summer '10
  • Norton
  • Revenue, accrual account.   b., total assets index, nonconforming transactions.   b., a. Purposely.   b., c. Recklessly.   d., Inventory accounts.   e.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern