CORRECT TEXT ___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.

Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

A. True

B. False

_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

A. Fraudulent statement

B. Corruption

C. Asset misappropriations

D. None of above

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

A. Bid opening

B. Fictitious Bidding

C. Bid pooling

D. Bid log

Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.

A. Interest and Collusion

B. Inventory and Equipment

C. Inventory and Purchase

D. Sales and Equipment

What is sometimes used to overcome well-designed internal controls of a victim company?

A. Shell company

B. Fraudulent invoices

C. Collusion

D. Rubber stamp supervisors

The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:

A. Absolute value

B. Fair value

C. Cost value

D. material value

A voucher is:

A. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.

B. a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

C. a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

D. a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

A. Accruals

B. Depreciations

C. Expenses

D. Financial record

________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

A. Deceive

B. Delude

C. Mislead

D. Beguile