solution

1. If a perpetrator has stolen assets, which of the following is the easiest method for concealing the theft? a. Reduce liabilities (such as payables). b. Manipulate dividend or stock accounts. c. Increase other assets (such as receivables). d. Increase expenses.

2. Which of the following is a common fraud symptom relating to ledgers? a. A ledger that does not balance. b. A ledger that balances too perfectly. c. Master account balances that do not equal the sum of the individual customer or vendor balances. d. Both a  and c.

3. Which element is not a common element of fraud? a. Concealment. b. Coercion. c. Conversion. d. Theft act. e. None of the above.

 

 
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