Week 3 Page 85, Questions 1-11
1) Why is fraud prevention so important?
Fraud prevention is important because it is the most cost-effective way to reduce losses
from fraud as it doesnt require detection, investigation, or punishment cos
Week 1 Page 20, Questions 1-15
1) What is fraud?
Fraud is human ingenuity being used in a way that gives on individual advantage over
another using false representation. Fraud typically involves the use of surprise, trickery,
Week 14 Page 520, Questions 1-17
1) What are the three types of fraud against organizations that employees, vendors, and
customers use to steal an organizations assets?
The three types of fraud are 1) they can steal receipts of cash and
Week 16 Page 586, Questions 1-17
1) Why is fraud so prevalent in bankruptcy and divorce cases?
Fraud is so prevalent in bankruptcy and divorce cases because assets are being taken
away from someone or some organization and given away to
Week 15 Page 556, Questions 1-13
1) Why is it important to study consumer fraud?
Consumer fraud is important as it is on the increase.
2) What is identity theft?
Identity theft is when a person uses another persons names, address, socia
Week 13 Page 478, Questions 1-14
1) Why is understatement of liability fraud difficult to discover?
As fraud examiners use predictable audit methods, fraudsters are able to conceal financial
statement fraud easier as they are aware of t
Week 11 Page 380, Questions 1-14
1) What were some of the most notable abuses that occurred between 2000 and 2002?
The most common abuses were misstated financial statements, inappropriate executive
loans and corporate looting, insider
Week 7 Page 225, Questions 1-12
1) How are theft investigative methods used to investigate suspected fraud?
Theft investigative methods are methods used to directly investigate fraud such as
surveillance, covert operations, invigilation
Week 9 Page 264, Questions 1-12
1) What are common ways to investigate conversion of stolen assets?
The most common ways to investigate conversion of assets is through organizations or
agencies that maintain records, private sources, on
Week 6 Page 191, Questions 1-14
1) Why is it important to proactively detect fraud?
Proactive detection of fraud ensures less costs and less damages.
2) What are the differences between anomalies and fraud?
Anomalies are not intentional
Week 5 Page 159, Questions 1-11
1) How do fraud symptoms help in detecting fraud?
Symptoms of fraud tip people off that something is wrong and needs to be investigated.
2) Why do internal control weaknesses help detect fraud?
Week 8 Page 246, Questions 1-9
1) What are the most common ways perpetrators conceal their frauds?
Perpetrators usually conceal fraud through the manipulation of documentary evidence or
through the modification or deletion of records in
Week 10 Page 311, Questions 1-12
1) What is an interview?
An interview is a question-and-answer session designed to elicit information. It is nonaccusatory.
2) What are the five reactions of interviewees?
The five reactions of interview
Week 4 Page 125, Questions 1-12
1) How do organizations create a culture of honesty, openness, and assistance?
Organizations have three factors towards a culture of honesty, openness, and assistance.
The first is to hire honest employee
Week 2 Page 56, Questions 1-12
1) What types of people commit fraud?
Anyone can commit fraud. Few distinctions apply with the seemingly only commonality
being that most fraudsters have profiles that seem like those of honest people.