Link to the fraud cartoon here
1. Factors for a fraud triangle are…
- placement, layering, integration
- pressure, perceived opportunity, rationalization
- predisposition, low self-control, moral ambiguity
- greed, unethical behavior, organizational weakness
2. Which of the following is not a fraudulent disbursement?
- billing schemes
- payment schemes
- expense reimbursement schemes
- write-off schemes
3. The 2 most common anti-fraud controls in organizations are
- code of conduct and external audit of financial statements
- hotline and management review
- surprise audits and fraud training for employees
- independent audit committee and proactive data monitoring
4. How to minimize pressure on employees and prevent fraud?
- open-door policies
- fair personnel policies and procedures
- employee support programs
- all of the above
5. Corporations can be held liable for criminal acts as a matter of organizational policy
- True
- False
Good luck!
