Fraud Awareness Quiz

Which of the following is not one of the four key fraud factors?

• Opportunity

• Pressure

• Technology

• Rationalization

What is the only fraud factor an organization can fully control?

• Pressure

• Rationalization

• Capability

• Opportunity

Which of the following is an example of an expense reimbursement fraud?

• Bid rigging

• Overstated expense claims

• Fake currency

• Shell companies

A red flag for expense reimbursement fraud is:

• Use of new vendors

• Generic or non-original receipts

• Buying expensive gifts

• Not declaring customs forms

Which type of fraud involves personal gain through abusing authority in procurement?

• Asset misappropriation

• Conflict of interest

• Cybercrime

• Identity theft

A key red flag for conflict of interest is:

• Bid-rigging

• Altered receipts

• Favorable treatment of a vendor

• Use of virtual currencies

Which of the following is not a type of bribery or incentive scheme mentioned?

• Kickbacks

• Bid-rigging

• Document falsification

• “Need” recognition schemes

What should be monitored to detect bribery schemes?

• Office gossip

• Employees’ personal finances

• Market value of purchased goods

• Staff email usage

Which of the following is not a way fraud is typically detected?

• Internal audit

• Confession

• Hiring more staff

• Tips from employees

Which best practice is recommended to mitigate fraud?

• Trust all senior managers implicitly

• Use unverified vendors to reduce costs

• Maintain awareness of the latest fraud trends

• Share passwords for ease of access