LSU ACCT 4235 TEST BANK 2026 FINAL
EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
⩥ Who generally has the highest risk of becoming a fraud victim?
Answer: Older, less edcuated people
⩥ Corporate employee fraud-fighters: Answer: Prevent, detect, and
investigate fraud within a company
⩥ Which of the following characters is least likely to be involved in a
fraud? Answer: A long-haired teenager wearing leather pants
⩥ Fraud perpetrators: Answer: Have profiles that look like the most
honest people
⩥ Fraud opportunity involves: Answer: Opportunity to conceal fraud,
opportunity to avoid being punished for fraud, opportunity to commit
fraud
⩥ The best argument for taking legal action against fraud perpetrators is:
Answer: Prosecution of perpetrators discourages future occurrences of
fraud
, ⩥ To successfully prevent fraud, an organization must: Answer: Identify
and remedy internal control weaknesses, explicitly consider fraud risks,
take proactive steps to create the right kind of environment
⩥ Investment scams most often include: Answer: Worthless investments
or assets sold to unsuspecting investors
⩥ Fraud fighting can include which of the following type(s) of careers?
Answer: Professors, Lawyers, CPA firms
⩥ Usually, for everyone involved - especially victims - the investigation
of fraud is very: Answer: Traumatic and difficult
⩥ Which of the following is not a primary control activity? Answer:
Decreasing work-related pressure
⩥ Which of the following is not an internal control activity (procedure)?
Answer: Appropriate hiring procedures
⩥ The best way for management to model appropriate behavior is to:
Answer: Set an example of appropriate behavior
⩥ Which of the following is not an element of fraud? Answer:
Accidental behavior
EXAM QUESTIONS WITH COMPLETE
SOLUTIONS
⩥ Who generally has the highest risk of becoming a fraud victim?
Answer: Older, less edcuated people
⩥ Corporate employee fraud-fighters: Answer: Prevent, detect, and
investigate fraud within a company
⩥ Which of the following characters is least likely to be involved in a
fraud? Answer: A long-haired teenager wearing leather pants
⩥ Fraud perpetrators: Answer: Have profiles that look like the most
honest people
⩥ Fraud opportunity involves: Answer: Opportunity to conceal fraud,
opportunity to avoid being punished for fraud, opportunity to commit
fraud
⩥ The best argument for taking legal action against fraud perpetrators is:
Answer: Prosecution of perpetrators discourages future occurrences of
fraud
, ⩥ To successfully prevent fraud, an organization must: Answer: Identify
and remedy internal control weaknesses, explicitly consider fraud risks,
take proactive steps to create the right kind of environment
⩥ Investment scams most often include: Answer: Worthless investments
or assets sold to unsuspecting investors
⩥ Fraud fighting can include which of the following type(s) of careers?
Answer: Professors, Lawyers, CPA firms
⩥ Usually, for everyone involved - especially victims - the investigation
of fraud is very: Answer: Traumatic and difficult
⩥ Which of the following is not a primary control activity? Answer:
Decreasing work-related pressure
⩥ Which of the following is not an internal control activity (procedure)?
Answer: Appropriate hiring procedures
⩥ The best way for management to model appropriate behavior is to:
Answer: Set an example of appropriate behavior
⩥ Which of the following is not an element of fraud? Answer:
Accidental behavior
