WGU D551 PRE-ASSESSMENT: FRAUD AND FORENSIC
ACCOUNTING EXAM 1 QUESTIONS AND ANSWERS | LATEST
2026/2027 UPDATE | 100% CORRECT | GRADED A+ |
GUARANTEED PASS!!
1. The net worth method cannot help in determining the extent of stolen funds. - ANS :F
Only suspects who show deception are asked ____________.
a. Informational questions.
b. Assessment questions.
c. Admission-seeking questions.
d. None of the above. - ANS :*c. Admission-seeking questions.*
a. Incorrect. All interviewees are asked these questions.
b. Incorrect. All interviewees are asked these questions.
*c. Correct. Signs of deception are obtained with the assessment questions.*
d. Incorrect. Choice (c) is the best answer.
Which type of question is used to calibrate the subject's response?
a. Informational.
b. Assessment.
c. Admission-seeking.
d. Introductory - ANS :*d. Introductory.*
a. Incorrect. This type is used to get general background information.
,b. Incorrect. This type is designed to determine if the subject is using deception.
c. Incorrect. This type is designed to get a confession.
*d. Correct. Non-challenging questions are asked to obtain a baseline on how the subject
honestly responds.*
Subjects who show deception ____________.
a. Are asked concluding or closing questions after admission-seeking questions.
b. Are asked concluding or closing questions after assessment questions.
c. Are asked concluding or closing questions depending on the results of the
admissionseeking questions.
d. None of the above. - ANS :*a. Are asked concluding or closing questions after
admissionseeking questions.*
*a. Correct. Answers to admission-seeking questions may or may not include a confession.
Either way, some concluding questions are appropriate, although some interviewers might
skip the concluding questions when there is a signed confession.*
b. Incorrect. Subjects who exhibit deception are asked admission-seeking questions after
assessment questions.
c. Incorrect. Some interviewers will ask all subjects concluding or closing questions.
d. Incorrect. Choice (a) is the best answer.
In an effective corporate governance structure, ____________ should be responsible for
implementing an effective business ethics system.
a. The CEO.
b. The CFO or controller.
c. The board of directors.
d. None of the above. - ANS :*a. The CEO.*
,*a. Correct. The CEO has primary responsibility for implementation.*
b. Incorrect. The CEO may rely on the CFO or controller, but the primary responsibility is with
the CEO.
c. Incorrect. The ethics program begins with the board of directors, but the implementation is
with management.
d. Incorrect. Choice (a) is the best answer.
*a. Correct. Reviewing documents and obtaining relevant information provides a basis for
asking the right questions in interviews, and also for identifying suspects.*
b. Incorrect. Reviewing documents and obtaining relevant information provides a basis for
asking the right questions in interviews, and also for identifying suspects.
c. Incorrect. Reviewing documents and obtaining relevant information provides a basis for
asking the right questions in interviews, and also for identifying suspects.
d. Incorrect. Choice (a) is the best answer.
Repeating an interviewer's questions may be best described as a sign of ____________. a.
Cooperation.
b. Deception
c. Guilt.
d. None of the above. - ANS :*b. Deception*
a. Incorrect. This is possible if it is only occasional.
*b. Correct. One sign of deception involves the subject being slow to answer questions. The
delay can give the subject time to concoct an answer.*
, c. Incorrect. It only suggests deception. Guilt is a separate issue.
d. Incorrect. Choice (b) is the best answer.
In money laundering, "structuring" can refer to the process of:
a. Building an electronic alibi to show that a suspect was not near a money laundering
operation.
b. Trading illegal cash for assets.
c. Hiding illegal cash in a structure such as a safety deposit box.
d. Sequencing a series of cash withdrawals that fall below the $10,000 criteria to trick a
financial institution into not reporting the withdrawals to the federal authorities. - ANS :d.
Sequencing a series of cash withdrawals that fall below the $10,000 criteria to trick a
financial institution into not reporting the withdrawals to the federal authorities.
A hawala is a form of an underground banking system:
a. that is located in major financial centers of Europe.
b. that is located in the Hawaiian Islands.
c. that allows for the transfer of funds between individuals who record the transactions and
which are conducted off the grid.
d. used to making illegal loans to small businesses as start-up capital. - ANS :c. that allows for
the transfer of funds between individuals who record the transactions and which are
conducted off the grid.
Blockchain is essentially a(n):
a. Ledger system
b. Malware
c. Algorithm
d. E-currency
e. c. and e. - ANS :a. Ledger system
ACCOUNTING EXAM 1 QUESTIONS AND ANSWERS | LATEST
2026/2027 UPDATE | 100% CORRECT | GRADED A+ |
GUARANTEED PASS!!
1. The net worth method cannot help in determining the extent of stolen funds. - ANS :F
Only suspects who show deception are asked ____________.
a. Informational questions.
b. Assessment questions.
c. Admission-seeking questions.
d. None of the above. - ANS :*c. Admission-seeking questions.*
a. Incorrect. All interviewees are asked these questions.
b. Incorrect. All interviewees are asked these questions.
*c. Correct. Signs of deception are obtained with the assessment questions.*
d. Incorrect. Choice (c) is the best answer.
Which type of question is used to calibrate the subject's response?
a. Informational.
b. Assessment.
c. Admission-seeking.
d. Introductory - ANS :*d. Introductory.*
a. Incorrect. This type is used to get general background information.
,b. Incorrect. This type is designed to determine if the subject is using deception.
c. Incorrect. This type is designed to get a confession.
*d. Correct. Non-challenging questions are asked to obtain a baseline on how the subject
honestly responds.*
Subjects who show deception ____________.
a. Are asked concluding or closing questions after admission-seeking questions.
b. Are asked concluding or closing questions after assessment questions.
c. Are asked concluding or closing questions depending on the results of the
admissionseeking questions.
d. None of the above. - ANS :*a. Are asked concluding or closing questions after
admissionseeking questions.*
*a. Correct. Answers to admission-seeking questions may or may not include a confession.
Either way, some concluding questions are appropriate, although some interviewers might
skip the concluding questions when there is a signed confession.*
b. Incorrect. Subjects who exhibit deception are asked admission-seeking questions after
assessment questions.
c. Incorrect. Some interviewers will ask all subjects concluding or closing questions.
d. Incorrect. Choice (a) is the best answer.
In an effective corporate governance structure, ____________ should be responsible for
implementing an effective business ethics system.
a. The CEO.
b. The CFO or controller.
c. The board of directors.
d. None of the above. - ANS :*a. The CEO.*
,*a. Correct. The CEO has primary responsibility for implementation.*
b. Incorrect. The CEO may rely on the CFO or controller, but the primary responsibility is with
the CEO.
c. Incorrect. The ethics program begins with the board of directors, but the implementation is
with management.
d. Incorrect. Choice (a) is the best answer.
*a. Correct. Reviewing documents and obtaining relevant information provides a basis for
asking the right questions in interviews, and also for identifying suspects.*
b. Incorrect. Reviewing documents and obtaining relevant information provides a basis for
asking the right questions in interviews, and also for identifying suspects.
c. Incorrect. Reviewing documents and obtaining relevant information provides a basis for
asking the right questions in interviews, and also for identifying suspects.
d. Incorrect. Choice (a) is the best answer.
Repeating an interviewer's questions may be best described as a sign of ____________. a.
Cooperation.
b. Deception
c. Guilt.
d. None of the above. - ANS :*b. Deception*
a. Incorrect. This is possible if it is only occasional.
*b. Correct. One sign of deception involves the subject being slow to answer questions. The
delay can give the subject time to concoct an answer.*
, c. Incorrect. It only suggests deception. Guilt is a separate issue.
d. Incorrect. Choice (b) is the best answer.
In money laundering, "structuring" can refer to the process of:
a. Building an electronic alibi to show that a suspect was not near a money laundering
operation.
b. Trading illegal cash for assets.
c. Hiding illegal cash in a structure such as a safety deposit box.
d. Sequencing a series of cash withdrawals that fall below the $10,000 criteria to trick a
financial institution into not reporting the withdrawals to the federal authorities. - ANS :d.
Sequencing a series of cash withdrawals that fall below the $10,000 criteria to trick a
financial institution into not reporting the withdrawals to the federal authorities.
A hawala is a form of an underground banking system:
a. that is located in major financial centers of Europe.
b. that is located in the Hawaiian Islands.
c. that allows for the transfer of funds between individuals who record the transactions and
which are conducted off the grid.
d. used to making illegal loans to small businesses as start-up capital. - ANS :c. that allows for
the transfer of funds between individuals who record the transactions and which are
conducted off the grid.
Blockchain is essentially a(n):
a. Ledger system
b. Malware
c. Algorithm
d. E-currency
e. c. and e. - ANS :a. Ledger system
