WorksheetsAE-3 Q.7
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
1. A theory which basically states that a trusted person can commit fraud if given the motivation, opportunity and justification.
a)
Fire Triangle
b)
Bermuda Triangle
c)
Fraud Triangle
d)
Triangle Offense
2.
2. Actions supported by policies and procedures that when carried out properly and in a timely manner, manages or reduces risk.
a)
Control environment
b)
Control activities
c)
Risk assessment
d)
Monitoring
3.
3. The following is an aspect of a control environment, except:
a)
Organizational chaos
b)
Organizational structure
c)
Integrity and ethical values
d)
Commitment to competence
4.
4. It is designed to remedy the effects caused by adverse events and restore back to the state prior to a harmful event.
a)
Preventive controls
b)
Detective controls
c)
Corrective controls
d)
Control activity
5.
5. The following are the facets of risk assessment, except:
a)
Identify control risks
b)
Identify risks
c)
Assess the risks
d)
Manage the risks
6.
6. It requires the intentional deception of another to benefit oneself or to cause damage to another.
a)
Irregularities
b)
Errors
c)
Fraud
d)
Malice
7.
7. It involves the theft of an entity’s assets and is often perpetrated by employees in relatively small and immaterial amounts.
a)
Fraudulent Financial Reporting
b)
Misappropriation of Assets
c)
Fraud
d)
Errors
8.
8. A way of limiting an individual's power over a task within a business.
a)
Establishing responsibility
b)
Segregation of duties
c)
Physical securities
d)
Computer passwords
9.
9. Are systematic measures such as reviews, check and balances, methods and procedures instituted by an organization.
a)
Corporate governance
b)
Business ethics
c)
Risk management
d)
Internal control
10.
10. Refers to adherence to laws and procedures to which the entity is subject.
a)
Operations
b)
Reporting
c)
Compliance
d)
Internal control
100 %
