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ACCT 562 QUIZZES & MIDTERM EXAMS COLLECTION
ACCT 562 QUIZZES & MIDTERM EXAMS COLLECTION
[Show more]ACCT 562 QUIZZES & MIDTERM EXAMS COLLECTION
[Show more]ACCT 562 SAMPLE MULTIPLE CHOICE QUESTIONS AND ANSWERS 
 
Chapter Five 
 
87.	The most common method of detecting occupational fraud is: 
a.	External auditors. 
b.	Internal auditors. 
c.	Accident. 
d.	Tips. 
 
88.	A company has a 22% profit margin and has employee fraud of $220,000. Calculate the...
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Add to cartACCT 562 SAMPLE MULTIPLE CHOICE QUESTIONS AND ANSWERS 
 
Chapter Five 
 
87.	The most common method of detecting occupational fraud is: 
a.	External auditors. 
b.	Internal auditors. 
c.	Accident. 
d.	Tips. 
 
88.	A company has a 22% profit margin and has employee fraud of $220,000. Calculate the...
Question (TCO A) Successful operational auditors possess all the following attributes except: 
Question (TCO A) _____ and converting cash allows a business to survive. 
Question (TCO A) Operational review phases are conducted in the following order: 
Question (TCO A) The Three E’s of operational a...
Preview 2 out of 5 pages
Add to cartQuestion (TCO A) Successful operational auditors possess all the following attributes except: 
Question (TCO A) _____ and converting cash allows a business to survive. 
Question (TCO A) Operational review phases are conducted in the following order: 
Question (TCO A) The Three E’s of operational a...
Question (TCO B) One of the primary purposes of the planning phase is to: 
Question (TCO B) Information obtained during the course of planning includes: 
Question (TCO B) Sources of planning information comes from all of the following EXCEPT: 
Question (TCO B) Problem areas should be identified. The...
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Add to cartQuestion (TCO B) One of the primary purposes of the planning phase is to: 
Question (TCO B) Information obtained during the course of planning includes: 
Question (TCO B) Sources of planning information comes from all of the following EXCEPT: 
Question (TCO B) Problem areas should be identified. The...
Question (TCO C) The work program is the key to: 
Question (TCO C) Management, process owners, and key users of the process should all be ____________ in the work program. 
Question (TCO F) What is the primary difference between cash larceny and skimming? 
Question (TCO F) Which of the following is ...
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Add to cartQuestion (TCO C) The work program is the key to: 
Question (TCO C) Management, process owners, and key users of the process should all be ____________ in the work program. 
Question (TCO F) What is the primary difference between cash larceny and skimming? 
Question (TCO F) Which of the following is ...
Question (TCO E) Statement of condition looks at the following, except: 
Question (TCO E) Criteria standards for the operational auditor include internal standards for the organization, such as _____. 
Question (TCO E) When internal standards are lacking, the auditor must utilize a _____. 
Question ...
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Add to cartQuestion (TCO E) Statement of condition looks at the following, except: 
Question (TCO E) Criteria standards for the operational auditor include internal standards for the organization, such as _____. 
Question (TCO E) When internal standards are lacking, the auditor must utilize a _____. 
Question ...
Question (TCO F) Claiming personal travel as a business expense is an example of what type of expense reimbursement scheme? 
Question (TCO F) An altered or forged receipt can indicate what type of expense reimbursement scheme? 
Question (TCO F) Remy Lewis has just started working as a marketing rese...
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Add to cartQuestion (TCO F) Claiming personal travel as a business expense is an example of what type of expense reimbursement scheme? 
Question (TCO F) An altered or forged receipt can indicate what type of expense reimbursement scheme? 
Question (TCO F) Remy Lewis has just started working as a marketing rese...
Question (TCO F) Which of the following factors should be considered when determining whether to employ outside consultants during a fraud examination engagement 
Question (TCO F) Which of the following statements about handling and storing documentary evidence is not true? 
Question (TCO F) Which o...
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Add to cartQuestion (TCO F) Which of the following factors should be considered when determining whether to employ outside consultants during a fraud examination engagement 
Question (TCO F) Which of the following statements about handling and storing documentary evidence is not true? 
Question (TCO F) Which o...
Question : (TCO D) The review team should be aware of various management and operational techniques, which includes all of the following except: 
Question : (TCO F) Manually altering entries in an organization‘s books in order to conceal fraud is called: 
Question : (TCO F) During an interview, wh...
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Add to cartQuestion : (TCO D) The review team should be aware of various management and operational techniques, which includes all of the following except: 
Question : (TCO F) Manually altering entries in an organization‘s books in order to conceal fraud is called: 
Question : (TCO F) During an interview, wh...
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