Possible Exam 1 Questions - Forensics nn 28

Possible Exam 1 Questions - Forensics nn 28 - b. False 22....

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Unformatted text preview: b. False 22. To catch fictitious disbursements, compare the returned checks to the checkbook ledger. a. True b. False 23. There is no data‐mining software that may be used to help find kickbacks from vendors. a. True b. False 25. Using direct deposit can help to eliminate ghost employees. a. True b. False 26. Pump and dump refers to a person purchasing land and then increasing the price of the land before selling it to his or her company. a. True b. False 30. In the 2002 Wells Report, strong internal controls were ranked number 1 in being most effective for preventing fraud. a. True b. False 31. Canceled checks should be sent directly from the bank to the business owner. a. True b. False 32. Background checks of new employees is the best way to prevent fraud. a. True b. False 33. Adding up the accounts receivable subsidiary does not help to find fraud. a. True b. False 34. Matching payroll with addresses helps to find multiple persons at the same address. a. True Page 28 of 44 ...
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This note was uploaded on 07/16/2010 for the course ACCOUNTING 2301 taught by Professor Norton during the Summer '10 term at Academy of Design Tampa.

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