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Which of the following are not of Basic types of non-sharable problems?

A.

Violation of ascribed obligations

B.

Business reversals

C.

Physical Isolation

D.

Larceny by Fraud

___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

A.

Payable cash

B.

Cash advances

C.

counterfeit checks

D.

Payable checks

If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

A.

Inventory larceny scheme

B.

Asset receiving scheme

C.

Fraudulent purchase

D.

Falsify shipping

By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

A.

Fraudulent statement

B.

Misappropriations

C.

Conservatism

D.

Matching

By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.

A.

Journal Entries

B.

Out-of-balance

C.

False debits

D.

None of all

A __________ is a day-by-day, or chronological, record of transactions

A.

Asset

B.

Journal

C.

Checkbook

D.

Ledger

Conflict of interest cases are more easily prevented than detected.

A.

True

B.

False

______________ can be detected by closely examining the documentation submitted with the cash receipts.

A.

Voided purchases

B.

Fictitious refunds

C.

Approved transaction

D.

None of the above

Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor’s side of the transaction who is not making an illicit payment.

A.

True

B.

False

Bid-rigging scheme occurs when:

A.

an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

B.

an employee does not assist a vendor in winning a contract through the competitive bidding process.

C.

an employee once assists a vendor in winning a contract through a single competitive bidding process.

D.

an employee once assists a vendor in winning a contract through a single competitive bidding process.