1) A behavioral trait that tends to be associated with fraudulent conduct a) Living Beyond Means b) Financial statement fraud c) Management review d) Asset Misappropriation 2) The Fraud Triangle is a hypothesis from Donald Cressey which states that three factors need to be present for fraud to potentially take place. Those factors are: a) Set a Criteria, Reach a Conclusion, Critical Value Approach b) Expense Reimbursements Scheme c) Pressure, Rationalization, Opportunity d) Occupational Fraud 3) ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. What does ACFE stand for? a) American College of Forensic Examiner b) Association of Certified Fraud Examiners c) Advisory Center for Fraud Examiner d) None of the above 4) The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets a) Corruption b) Scam c) Skimming d) Occupational Fraud 5) In the Asia-Pacific Region, Expense Reimbursement scheme is the most common. What is its percentage share? a) 11% b) 12% c) 15% d) 17% 6) Which of the following can help lessen the organization’s vulnerability to fraud? a) Raise awareness and conduct fraud training to employees b) Be aware of the behavioral red flags of fraud c) Report irregularities to appropriate officials of the organization d) All of the above 7) Employee or official, through the wrongful use of actual or threatened force or fear, demands money or other consideration to make a particular business decision a) Conflict of Interest b) Economic Extortion c) Kickbacks d) Bribery 8) It is the process where an employee improperly influences the awarding of a sale or purchase or construction contract a) Economic Extortion b) Purchasing Schemes c) Bid or Tender Rigging d) Kickbacks 9) It is the giving of something of value by another party to a decision maker or decision influencer in exchange for influence in a decision making process a) Purchasing Schemes b) Kickbacks c) Conflict of Interest d) Bribery 10) A scheme in which an employee intentionally causes a misstatement or omission of material information in the organization’s financial reports a) Corruption b) Asset Misappropriation c) Financial Statement Fraud d) None of the above 11) Employee creates a shell company and bills employer for services not actually rendered a) Billing scheme b) Management review c) Asset Misappropriation d) Payroll scheme 12) A scheme in which employees misuse the employing organization's resources a) Noncash misappropriations b) Asset Misappropriation c) Living Beyond Means d) Inventory Record Fraud 13) Submitting false invoices for payment, altering timecards, or making personal purchases with company funds a) Skimming b) Living Beyond Means c) Fraudulent Disbursement Scheme d) Asset Misappropriation 14) Employee claims overtime for hours not worked; employee adds ghost employees to the payroll a) Larceny b) Payroll scheme c) Cash on hand d) Expense disbursement 15) A scheme in which an incoming payment is stolen from an organization before it is recorded on the organization’s books and records a) Phishing b) Payroll scheme c) Noncash misappropriations d) Skimming 16) Employee steals inventory from a warehouse or storeroom a) Noncash misappropriations b) Cash-on-hand misappropriations c) Expense reimbursements scheme d) Billing scheme 17) Employee steals cash and checks from daily receipts before they can be deposited in the bank a) Payroll scheme b) Noncash misappropriations c) Cash Larceny d) Skimming 18) Employee files fraudulent expense report claiming personal travel or nonexistent meals a) Check or payment tampering scheme b) Payroll scheme c) Cash-on-hand misappropriations d) Expense Reimbursements Scheme 19) Employee fraudulently voids a sale on a cash register and steals the cash a) Billing scheme b) Register Disbursements Scheme c) Expense reimbursements scheme d) Payroll scheme 20) According to ACFE Occupational Fraud 2022: A Report to the Nations, which of the following is/are included in the Top 5 concealment methods used by fraudsters? a) Created fraudulent physical documents, Altered physical documents b) Created fraudulent electronic documents, Altered electronic files c) Destroyed or withheld physical documents d) All of the above 21) According to ACFE Occupational Fraud 2022: A Report to the Nations, how many percent of the fraud cases involved attempts to conceal the fraud? a) 12% b) 57% c) 88% d) 38% 22) According to ACFE Occupational Fraud 2022: A Report to the Nations, which of the following is/are basic steps we can take to lessen the vulnerability of the company to fraud?  a) Be proactive and Strengthen Hiring Procedures b) Increase the Perception of Detection and Promote the Anonymous Hotline c) Train Employees in Fraud Prevention d) All of the above 23) A scheme in which an employee misuses their influence in a business transaction in a way that violates their duty to the employer in order to gain a direct or indirect benefit a) Corruption b) Asset Misappropriation c) Financial Statement Fraud d) None of the above

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