9.Unethical or fraudulent behavior 1.can occur in administrative processing of an organization. 2.can occur in the reporting functions of an organization. 3.are much more likely to be initiated by management. 4.are much more likely to be initiated by employees. A.Only 1, 2, and 3 are correct. B.Only 1, 2, and 4 are correct. C.Only 1 and 3 are correct. D.Only 2 and 4 are correct.
99.Unethical or fraudulent behavior
1.can occur in administrative processing of an organization.
2.can occur in the reporting functions of an organization.
3.are much more likely to be initiated by management.
4.are much more likely to be initiated by employees.
A.Only 1, 2, and 3 are correct.
B.Only 1, 2, and 4 are correct.
C.Only 1 and 3 are correct.
D.Only 2 and 4 are correct.
100.Select the true statement from the following.
A.Employee fraud is more prevalent in the routine processes. Management fraud is more prevalent in administrative processes and reporting.
B.Employee fraud is less prevalent in the routine processes and administrative processes. Management fraud is more prevalent in operational processes and reporting.
C.Employee fraud is less prevalent in the administrative processes. Management fraud is more prevalent in operational processes and reporting.
D.Employee and managerial fraud is prevalent in the routine processes as well as the administrative processes and reporting equally.
101.in a properly
1.employees have access to related assets or source documents.
2.administrative processes are tightly controlled by supervisors.
3.employees have the authority to initiate processes such as investing.
4.in processes such as sales and cash receipts employees are given general authorization to initiate and process transactions.
A.Only 1 and 4 are true.
B.Only 1, 2, and 4 are true.
C.Only 4 is true.
D.Only 1, 3, and 4 are true.
102.Examples of employee initiated fraud would not include:
A.the writing off uncollectible accounts of a friend even when it could be collected.
B.the inflation of hours worked on time card
C.the theft of cash or checks from the mailroom.
D.the release of false or misleading general purpose financial statements.
103.Fraud is:
A.harder to conceal in the routine events of conversion and sales because of their visibility.
B.harder to conceal in the administrative processes such as investments because of the limited access to the records.
C.harder to conceal when initiated by top management due to limited access to the records.
D.precluded by proper internal control processes.
104.The raising of capital:
A.requires the complete and honest details of the utilization of the funds.
B.should be supported by correct and factual financial statement values.
C.should be supported by correct and factual financial statement footnotes.
D.All of the above, A, B, and C, are correct.
105.The four primary functions of corporate governance do not include:
A.management oversight.
B.inventory control.
C.financial stewardship.
D.ethical conduct.
106.A proper corporate governance structure must be in place in order to properly deter instances of: and reports.
A.fraud.
B.theft.
C.misuse or manipulation of administrative resources.
D.All of the above, A, B, and C, are correct.
107.When management designs and implements effective administrative processes:
A.delegation of responsibility is prohibited.
B.the ability to steal or misuse capital is eliminated.
C.constant monitoring is necessary.
D.the responsibility of executing related capital functions to employees is prohibited.
108.When management designs and implements effective administrative processes:
A.delegation of responsibility is prohibited.
B.a budgeting process is a method of corporate governance.
C.the responsibility of executing related capital functions to employees is prohibited.
D.the ability to steal or misuse capital is eliminated.
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