Reference no: EM132686104

Problem 1: Which statement is false?

a. In terms of actual numbers of events, women commit more fraud than men.

b. Fraudsters act alone about 70 percent of the time.

c. Employees are the largest number of tipsters.

d. It is physically impossible to conduct a generic fraud investigation of a large business.

e. Maybe 20 to 40 percent of employees are honest.

Problem 2: What would be the worst strategy to catch ghost employees?

a. Ensure segregation of payroll preparation, disbursement, and distribution functions.

b. Check for inflated invoices.

c. Examine payroll checks that have dual endorsements.

d. Use direct deposit.

e. Hand delivers paychecks to employees occasionally.

Problem 3: What is not proactive approach to forensic accounting?

a. Investigating complaints

b. Effective internal controls

c. Logging of exceptions

d. Reviewing variances

e. Financial audits