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WorksheetsChap 10 F1
Total questions: 10
Worksheet time: 3mins
Dishonesty is a ........................................ to act in ways which contravene accepted ethical, social, organizational or legal norms for fair and honest dealing.
Motivation
Pre-disposition
Opportunity
Which of the following activities create vulnerability to fraud?
Calculating payslips
Preparing delivery notes
Paying supplier invoices
Meeting budgets and performance targets
All of the following, with one exception, are potential impacts on a business of removing assets from the business. which is the exception?
Fall in the return to shareholders
Reduction in profit
Increase in working capital
Reputational damage
Choose whether the statement is TRUE or FALSE
A company may distribute too much of its profits to shareholders. This is the potential impact on a business of Intentional misrepresentation of the financial position of the business if results are overstated.
FALSE
TRUE
What is not included in Statistical data analysis techniques?
Statistical parameter
Regression analysis
Data mining
Time-series analysis
The following statement is TRUE or FALSE?
AI may learn from investigators when they evaluate and clear suspicious transactions, reinforcing the AI model's knowledge and avoiding trends that don't lead to fraud.
TRUE
FALSE
In many countries, money laundering has serious regulatory and legal implications. Which of the following is the most effective controls to prevent money laundering?
AML (anti money laundering) policy
Background check of clients, employees, and consultants
Strong detective controls for money laundering
KYC (know your customer) controls and awareness training
Smurfing is a type of which of these?
Money-laundering placement
Money-laundering layering
Money-laundering integration
None of these
In a limited company, or plc, it is the ultimate responsibility of the ............ to take reasonable steps to prevent and detect fraud.
Which word or phrase correctly completes this statement?
The board of directors
The external auditor
The audit committee
Which two of the following stakeholders will be most directly affected if a business overstates its financial position?
Staff
Customer
Investors
Supplier
