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FRAUD DETECTION - CU

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

What is the most likely scenario for a fraud to happen?

a)

A country with a transparency score of 80

b)

A country with a transparency score of 10

2.

What are the characteristics of the audit evidence?

a)

Sufficient, relevant, reliable

b)

Reliable, verifiable, objective

c)

Sufficient, relevant, reliable, verifiable, objective

d)

Sufficient, reliable, objective

3.

What are the audit techniques auditors may use for cross check info?

a)

Direct inspection or observation of people

b)

Review of documents

c)

Oral written interviews

d)

All the options

4.

What does an act of fraud involves?

a)

Beneficial gain, deception, perception

b)

Intention, Beneficial gain, deception

c)

Concealment, deliberately, suspicion

5.

Why do people commit fraud? Fraud Triangle

a)

Pressure, Opportunity, Rationalization

b)

Deception, opportunity, rationalization

c)

Perception, incentive, opportunity

d)

Beneficial Gain, rationalization, intentions

6.

Which of these cases are potential fraud practices:

a)

Same invoice number for two different invoices

b)

Mismatching signatures

c)

Report lab results contain round number

d)

All the options

7.

Which of these cases are potential fraud practices:

a)

Lab results comes from a non-accredited laboratory

b)

Training records do not have a date

c)

Font size or type different in the invoice

d)

All the options

8.

What is wrong with the record?

a)

Nothing is wrong

b)

Handwriting is the same in all the documents due that the manager fills out the info that was provide by the farms, the real source/info is in farm’s notebook.

c)

Same person signed the document (Worker´s signature and Administration signature)

d)

There is not working break

e)

b, c, d are correct

9.

What is wrong with the lab results?

a)

The lab´s logo is not the correct

b)

There is not signature in the lab result

c)

The date of the results did not match

10.

SHRIMP FARM: What is wrong with the harvest records?

a)

The record is an excel file

b)

There is no name in the record

c)

Harvest production/quantities are unexpected

d)

There are no rounder numbers