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Fraud Examination,
UV V
S
7th Edition
IAIA
TEST BANK
?_?_
W. Steve Albrecht, Chad O. Albrecht Conan C.
AAP
Albrecht Mark F. Zimbelman
PPPR
Comprehensive Test Bank for Instructors
and Students
ROOV
||| ||| || ||| || | || ||| | || ||| |
9780357721759
VE D
© W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht & Mark
E
F. Zimbelman. All rights reserved. Reproduction or distribution
without permission is prohibited.
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© MEDGEEK
,ST TU
TABLE OF CONTENTS
Test Bank – Fraud Examination (7th Edition)
Authors: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, and Mark F. Zimbelman
UV V
S
ISBN: 9780357721759
PART I: INTRODUCTION TO FRAUD
Chapter 1: The Nature of Fraud
Chapter 2: Who Commits Fraud and Why They Commit It
Chapter 3: Fighting Fraud: An Overview
IAIA
Chapter 4: Preventing Fraud
PART II: DETECTION AND INVESTIGATION
?_?_
Chapter 5: Recognizing the Symptoms of Fraud
Chapter 6: Data-Driven Fraud Detection
Chapter 7: Investigating Theft Acts
Chapter 8: Investigating Concealment
Chapter 9: Conversion Investigation Methods
Chapter 10: Inquiry Methods and Fraud Reports
AAP
PART III: MANAGEMENT FRAUD
Chapter 11: Financial Statement Fraud
Chapter 12: Revenue- and Inventory-Related Financial Statement Frauds
PPPR
Chapter 13: Liability, Asset, and Inadequate Disclosure Frauds
PART IV: OTHER TYPES OF FRAUD AND LEGAL FOLLOW-UP
Chapter 14: Fraud against Organizations
ROOV
Chapter 15: Consumer Fraud
Chapter 16: Bankruptcy, Divorce, and Tax Fraud
Chapter 17: Cyber Fraud
Chapter 18: Legal Follow-Up
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,ST TU
Test Bank for Fraud Examination 7th Edition by W. Steve
Albrecht
UV V
S
Chapter 01 - The Nature of Fraud
1. One way that criminal law differs from civil law is that it:
a. provides remedies for violations of private rights.
b. must yield a unanimous verdict.
IAIA
c. can have a jury of fewer than 12 persons.
d. allows for various claims in one action.
ANSWER: b
?_?_
FEEDBACK: a. Incorrect. The requirement to provide remedies for
violations of private rights is a characteristic of civil law;
criminal law deals with crimes against society as a whole.
b. Correct. Criminal trials must result in a unanimous verdict.
c. Incorrect. The requirement for a unanimous vote
AAP
characteristic of civil law; criminal trial juries must have
12 persons.
d. Incorrect. In inclusion of various claims in one action is a
characteristic of civil law; criminal law permits only one
PPPR
claim at a time.
POINTS: 1
DIFFICULTY: easy
REFERENCES: Criminal and Civil Prosecution of Fraud
QUESTION TYPE: Multiple Choice
ROOV
HAS VARIABLES: False
LEARNING OBJECTIVES: FRAU.ALBR.25.1.5 - Understand the differences between criminal
and civil fraud laws.
OTHER: Source: 6e revised
VE D
DATE CREATED: 2/8/2024 7:10 AM
DATE MODIFIED: 2/8/2024 7:14 AM
E
2. Which of the following is NOT an common element of a Ponzi scheme?
D? ?
a. Gaining other's confidence
b. Promising abnormally high returns
c. Investing collected money
d. Using part of the investment principle to pay previous investors
?
, Created By : TestsBanks
ST TU
ANSWER: c
FEEDBACK: a. Incorrect. Gaining other’s confidence is one of
the most important elements of the “con.”
b. Incorrect. Promising abnormally high returns is
UV V
S
how fraudsters lure in investors.
c. Correct. Investing collected money is very
unlikely.
d. Incorrect. In Ponzi schemes, the original
principle is often used to make interest
IAIA
payments.
POINTS: 1
DIFFICULTY: moderate
?_?_
REFERENCES: Types of Fraud
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FRAU.ALBR.25.1.3 - Understand Different Types of Fraud.
OTHER: Source: 6e , revised
AAP
DATE CREATED: 2/9/2024 5:11 AM
DATE MODIFIED: 2/9/2024 5:32 AM
3. The following are all elements of Title 26, U.S. Code Section 7201 EXCEPT:
a. not reporting bribe income may be grounds for being charged with tax evasion.
PPPR
b. a tax filing that excludes income from fraud may be
c. bribes may be lawfully deducted as business expenses.
d. failure to report income from fraud may be grounds for being charged with tax evasion.
ROOV
ANSWER: c
FEEDBACK: a. Incorrect. Not reporting bribe income may be
grounds for being charged with tax evasion.
b. Incorrect. Filing income tax that excludes income
from fraud may be considered an improper tax
VE D
filing.
c. Correct. Bribes cannot be deducted as legitimate
E
business expenses.
d. Incorrect. Failure to report income from fraud or
D? ?
bribes may be prosecuted as tax evasion.
POINTS: 1
?
A+
PAGE 1
ST TU
Fraud Examination,
UV V
S
7th Edition
IAIA
TEST BANK
?_?_
W. Steve Albrecht, Chad O. Albrecht Conan C.
AAP
Albrecht Mark F. Zimbelman
PPPR
Comprehensive Test Bank for Instructors
and Students
ROOV
||| ||| || ||| || | || ||| | || ||| |
9780357721759
VE D
© W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht & Mark
E
F. Zimbelman. All rights reserved. Reproduction or distribution
without permission is prohibited.
D? ?
?
© MEDGEEK
,ST TU
TABLE OF CONTENTS
Test Bank – Fraud Examination (7th Edition)
Authors: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, and Mark F. Zimbelman
UV V
S
ISBN: 9780357721759
PART I: INTRODUCTION TO FRAUD
Chapter 1: The Nature of Fraud
Chapter 2: Who Commits Fraud and Why They Commit It
Chapter 3: Fighting Fraud: An Overview
IAIA
Chapter 4: Preventing Fraud
PART II: DETECTION AND INVESTIGATION
?_?_
Chapter 5: Recognizing the Symptoms of Fraud
Chapter 6: Data-Driven Fraud Detection
Chapter 7: Investigating Theft Acts
Chapter 8: Investigating Concealment
Chapter 9: Conversion Investigation Methods
Chapter 10: Inquiry Methods and Fraud Reports
AAP
PART III: MANAGEMENT FRAUD
Chapter 11: Financial Statement Fraud
Chapter 12: Revenue- and Inventory-Related Financial Statement Frauds
PPPR
Chapter 13: Liability, Asset, and Inadequate Disclosure Frauds
PART IV: OTHER TYPES OF FRAUD AND LEGAL FOLLOW-UP
Chapter 14: Fraud against Organizations
ROOV
Chapter 15: Consumer Fraud
Chapter 16: Bankruptcy, Divorce, and Tax Fraud
Chapter 17: Cyber Fraud
Chapter 18: Legal Follow-Up
VE D
E
D? ?
?
,ST TU
Test Bank for Fraud Examination 7th Edition by W. Steve
Albrecht
UV V
S
Chapter 01 - The Nature of Fraud
1. One way that criminal law differs from civil law is that it:
a. provides remedies for violations of private rights.
b. must yield a unanimous verdict.
IAIA
c. can have a jury of fewer than 12 persons.
d. allows for various claims in one action.
ANSWER: b
?_?_
FEEDBACK: a. Incorrect. The requirement to provide remedies for
violations of private rights is a characteristic of civil law;
criminal law deals with crimes against society as a whole.
b. Correct. Criminal trials must result in a unanimous verdict.
c. Incorrect. The requirement for a unanimous vote
AAP
characteristic of civil law; criminal trial juries must have
12 persons.
d. Incorrect. In inclusion of various claims in one action is a
characteristic of civil law; criminal law permits only one
PPPR
claim at a time.
POINTS: 1
DIFFICULTY: easy
REFERENCES: Criminal and Civil Prosecution of Fraud
QUESTION TYPE: Multiple Choice
ROOV
HAS VARIABLES: False
LEARNING OBJECTIVES: FRAU.ALBR.25.1.5 - Understand the differences between criminal
and civil fraud laws.
OTHER: Source: 6e revised
VE D
DATE CREATED: 2/8/2024 7:10 AM
DATE MODIFIED: 2/8/2024 7:14 AM
E
2. Which of the following is NOT an common element of a Ponzi scheme?
D? ?
a. Gaining other's confidence
b. Promising abnormally high returns
c. Investing collected money
d. Using part of the investment principle to pay previous investors
?
, Created By : TestsBanks
ST TU
ANSWER: c
FEEDBACK: a. Incorrect. Gaining other’s confidence is one of
the most important elements of the “con.”
b. Incorrect. Promising abnormally high returns is
UV V
S
how fraudsters lure in investors.
c. Correct. Investing collected money is very
unlikely.
d. Incorrect. In Ponzi schemes, the original
principle is often used to make interest
IAIA
payments.
POINTS: 1
DIFFICULTY: moderate
?_?_
REFERENCES: Types of Fraud
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: FRAU.ALBR.25.1.3 - Understand Different Types of Fraud.
OTHER: Source: 6e , revised
AAP
DATE CREATED: 2/9/2024 5:11 AM
DATE MODIFIED: 2/9/2024 5:32 AM
3. The following are all elements of Title 26, U.S. Code Section 7201 EXCEPT:
a. not reporting bribe income may be grounds for being charged with tax evasion.
PPPR
b. a tax filing that excludes income from fraud may be
c. bribes may be lawfully deducted as business expenses.
d. failure to report income from fraud may be grounds for being charged with tax evasion.
ROOV
ANSWER: c
FEEDBACK: a. Incorrect. Not reporting bribe income may be
grounds for being charged with tax evasion.
b. Incorrect. Filing income tax that excludes income
from fraud may be considered an improper tax
VE D
filing.
c. Correct. Bribes cannot be deducted as legitimate
E
business expenses.
d. Incorrect. Failure to report income from fraud or
D? ?
bribes may be prosecuted as tax evasion.
POINTS: 1
?
A+
PAGE 1
