Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

• A.Payable checks
• B.Duplicate checks
• C.Voided checks
• D.Missing checks

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Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

• A.False
• B.True

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Which of the following statements regarding new account fraud is MOST ACCURATE?

• A.Mobile deposits are at high risk for new account fraud because face-to-face transactions are not required.
• B.Automated teller machines (ATMs) are rarely targets of new account fraud because most have cameras installed.
• C.Fraud is more likely to occur in established accounts than in accounts that have been newly opened.
• D.New account fraud can be defined as any fraud that occurs on an account within the first year that it is open.

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The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

• A.Bogus claims
• B.Reliance billing
• C.Billing scheme
• D.Misappropriate claims

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A fraudster poses as the head of one of XYZ Company's foreign suppliers and sends an email to an XYZ employee requesting that this month's payments be made to an alternate account that the fraudster owns. This is an example of which of the following types of fraud schemes?

• A.Electronic piggybacking
• B.Reverse social engineering
• C.Executive email attack
• D.Business email compromise

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