Test bank for Principles of Fraud Examination 3rd Edition by Joseph T. Wells
Accountants need to have a strong understanding of fraud – what it is and how it is committed, prevented, and resolved. The third edition provides them with that knowledge. It documents the schemes used by executives, managers, and employees to commit fraud against their organisations. Case studies, complete with statistics and flowcharts, are provided for each chapter. A new chapter is included on fraud risk assessment. Updated statistics are presented on recent ACFE findings. In addition, minor revisions throughout focus on the increasing use of electronic payments and other technology in fraud schemes. This helps accountants detect and prevent fraud.
- Print ISBN-10: 0470646292
- Print ISBN-13: 978-0470646298
- Publisher: John Wiley & Sons, Inc.; 3 edition (December 10, 2010)
- Language: English
Example Of test Bank :
- ____________________ is the theft of cash from a victim entity prior to its entry in an accounting system.
- A fictitious disbursement
- To a fraudster, the principle advantage of skimming is the difficulty with which the scheme is detected.
- Peggy Booth is the bookkeeper for an equipment rental company. After recording the cash sales and preparing the bank deposit, she takes $200 dollars from the total. This is an example of a skimming scheme.
- In the Fraud Tree, asset misappropriations are broken down into cash and non-cash schemes. Which of the following is not considered a misappropriation of cash?
- Concealed expenses
- Fraudulent disbursements