LSU ACCT 4235 ACTUAL EXAM PAPER
2026 FINAL QUESTIONS WITH ANSWERS
ALREADY GRADED A+
⩥ " I Got Really Viral"
1. Insurance companies
2. Government agencies
3. Researchers
4. Victims of fraud. Answer: Four basic sources of fraud
⩥ fraud. Answer: is perpetrated with the intent to cause harm or gain
advantage by using confidence and trickery
⩥ victim, perpetrator, or scheme. Answer: Classifications of fraud
⩥ detrimental fraud. Answer: fraud taken against the organization
⩥ beneficial fraud. Answer: fraud committed on behalf of the
organization
,⩥ occupational fraud. Answer: fraud that consists of asset
missappropriation, corruptions, or fraudulent financial statements
through using ones job for personal enrichment
⩥ employee embezzlement. Answer: fraud where employees steal from
employers by taking assets or engaging in disbursement schemes to steal
cash
⩥ vendor fraud. Answer: occurs when vendors obtain payments to which
they are not entitled
⩥ customer fraud. Answer: occurs when a customer improperly obtains
cash or property from a company, or avoids a liability through deception
⩥ management fraud. Answer: fraud in which the victims are
shareholders or debtholders of the organization
⩥ investment scams. Answer: include things such as:
ponzi schemes
pyramid schemes
telemarketing fraud
nigerian letter or money scams
identity thefy
advance fee scams
, letter of credit fraud
internet fraud
⩥ evidential matter. Answer: the underlying data and all corroborating
information available about a fraud which is used to show that
perpetrators acted with intent to defraud victims
⩥ criminal law. Answer: branch of law that deals with offenses of public
nature in which perpetrators must be proven guilty beyond a reasonable
doubt
⩥ civil law. Answer: body of law that provides remedies for violations
of provide rights dealing with individuals
⩥ Certified Fraud Examiners (CFE). Answer: to become this you must
be an associte member of the ACFE in good standing, meet specific
academic and professional requirements, be of high moral character,
pass the exam, and abide by ACFE professional code of conduct
⩥ Perceived Pressure, Perceived Opportunity, Rationalization. Answer:
Elements of the Fraud Triangle
⩥ Financial
Vices (gambling, drugs, alcohols, expensive extramarital relationships)
2026 FINAL QUESTIONS WITH ANSWERS
ALREADY GRADED A+
⩥ " I Got Really Viral"
1. Insurance companies
2. Government agencies
3. Researchers
4. Victims of fraud. Answer: Four basic sources of fraud
⩥ fraud. Answer: is perpetrated with the intent to cause harm or gain
advantage by using confidence and trickery
⩥ victim, perpetrator, or scheme. Answer: Classifications of fraud
⩥ detrimental fraud. Answer: fraud taken against the organization
⩥ beneficial fraud. Answer: fraud committed on behalf of the
organization
,⩥ occupational fraud. Answer: fraud that consists of asset
missappropriation, corruptions, or fraudulent financial statements
through using ones job for personal enrichment
⩥ employee embezzlement. Answer: fraud where employees steal from
employers by taking assets or engaging in disbursement schemes to steal
cash
⩥ vendor fraud. Answer: occurs when vendors obtain payments to which
they are not entitled
⩥ customer fraud. Answer: occurs when a customer improperly obtains
cash or property from a company, or avoids a liability through deception
⩥ management fraud. Answer: fraud in which the victims are
shareholders or debtholders of the organization
⩥ investment scams. Answer: include things such as:
ponzi schemes
pyramid schemes
telemarketing fraud
nigerian letter or money scams
identity thefy
advance fee scams
, letter of credit fraud
internet fraud
⩥ evidential matter. Answer: the underlying data and all corroborating
information available about a fraud which is used to show that
perpetrators acted with intent to defraud victims
⩥ criminal law. Answer: branch of law that deals with offenses of public
nature in which perpetrators must be proven guilty beyond a reasonable
doubt
⩥ civil law. Answer: body of law that provides remedies for violations
of provide rights dealing with individuals
⩥ Certified Fraud Examiners (CFE). Answer: to become this you must
be an associte member of the ACFE in good standing, meet specific
academic and professional requirements, be of high moral character,
pass the exam, and abide by ACFE professional code of conduct
⩥ Perceived Pressure, Perceived Opportunity, Rationalization. Answer:
Elements of the Fraud Triangle
⩥ Financial
Vices (gambling, drugs, alcohols, expensive extramarital relationships)
