Which of the following is NOT the example of bribery prevention policies?

• A.Reporting gifts
• B.Discounts
• C.Business meetings
• D.Resource diversions

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Which of the following is an insurance fraud detection tool used for identifying funds fraudulently sent to fictitious payees by using computer-generated reports to compare payments sent to the same location?

• A.Address similarity reports
• B.Exception reports
• C.Duplicate payment lists
• D.Electronic confirmations

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In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

• A.Sale requisition
• B.Voucher handling
• C.Cash generating
• D.Purchase requisition

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According to fraud tree, cash has three following schemes:

• A.Cash distribution, skimming and fraud analysis
• B.Skimming, cash larceny and fraudulent disbursements
• C.Cash larceny, cash distribution and fraudulent disbursements
• D.Fraud analysis, skimming and cash misappropriations

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Which of the following statements regarding financial statement disclosures is TRUE?

• A.Management must disclose potential losses from ongoing litigation even when it is unlikely that the related liability will result in a future obligation.
• B.All information relating to the company must be disclosed in the financial statements, regardless of materiality.
• C.Events occurring after the close of the reporting period that might significantly affect the financial statements do not need to be disclosed.
• D.Changes in accounting principles must be disclosed in the financial statements.

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