Question 1 Which of the following is a symptom of fraud from the fraud triangle? Large bonuses Conservative accounting practices Rationalization Hard work Solution The correct answer is Rationalization Wrong Hide solution Question 2 Which of the following benefit from a company's overstated revenues? Hedge fund accountants Companies Banks Investors Solution The correct answer is Companies Correct Hide solution Question 3 When examining internal controls, which of the following control activities should the auditor consider? Sales revenue Output Custody
Input Solution The correct answer is Custody When examining internal controls, which of the following control activities should the auditor consider? Output Input Fraudulent activities Authorization Solution The correct answer is Authorization Which of the following is a symptom of fraud from the fraud triangle? Large bonuses Conservative accounting practices Rationalization Hard work Solution The correct answer is Rationalization Correct Hide solution Question 2 Prevention of fraud attempts to __________ fraud. catch the culprit committing stop the occurrence of
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