Which of the following is an example of a corruption scheme?

• A.A warehouse manager receives twenty laptops in a shipment but excludes five of the laptops from the records so that they can be sold to third parties.
• B.A public company omits recurring costs from its financial statements to make the company appear more profitable than it is.
• C.Two coworkers steal confidential information from their employer and use the stolen data to start a competing business.
• D.A vendor offers the use of a beach house to a government procurement agent for free after the agent awards a contract to the vendor.

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Which of the following method is NOT used to detect conflicts of interest?

• A.Interviews with purchasing personnel
• B.Tips & Complaints
• C.Review of vendor ownership files
• D.Underbillings of assets

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Which of the following is true for Red flags associated with fictitious revenues?

• A.Usual growth in the number of days purchase in receivables
• B.A usual surge in purchase by a majority of units within a company, or of purchase recorded by corporate headquarters.
• C.Slow growth or usual profitability, when not compared to other companies in the same industry.
• D.A significant volume of sales to entries whose substance and ownership is not known.

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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.Billing scheme
• C.Reliance billing
• D.Misappropriate claims

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One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

• A.True
• B.False

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