Jenny is a highly respected employee at XYZ Corp. Her husband's gambling addiction has caused them to have a significant amount of debt. Jenny begins stealing money from the company to cover her husband's gambling losses. This situation best illustrates which leg of the Fraud Triangle?

• A.Perceived non-shareable financial need
• B.Rationalization
• C.Perceived opportunity
• D.Perceived acquiescence

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Which of the following is FALSE regarding the discussion about the financial statements susceptibility to fraud that auditors are required to have under International Standard on Auditing (ISA) 240?

• A.The audit team should consider factors that provide the opportunity for fraud.
• B.The audit team should focus solely on how the company's assets could be misappropriated
• C.A The audit team should discuss how management could conceal fraud
• D.The audit team should consider whether the organizational culture might enable the rationalization of fraud

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Which of the following statements Is TRUE regarding how fraud examiners should exercise professional skepticism during a fraud examination engagement?

• A.Professional skepticism can be dispelled only by evidence
• B.Fraud examiners should not relax their skeptical attitudes under any circumstances.
• C.Fraud examiners should form the engagement hypothesis without regard to the nature of the assignment
• D.Professional skepticism involves maintaining a mindset that no fraud has occurred

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Which of the following is FALSE regarding a background check policy for employees?

• A.When verifying past employment, management should only ask previous employers to verify the dates the candidate was employed.
• B.As part of the screening process, management should contact the references provided by the job candidate.
• C.At a minimum, management should conduct a background check on any candidate who will have constant access to cash, checks, and credit card numbers, or other easily stolen items.
• D.Where permitted by law, management should run a background check on any existing employee who is being promoted to a position that includes access to sensitive or valuable company resources, even if a background check was run on the individual at the time of hire

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Which of the following theories suggests that, when considering the possibility of violating a law. people are likely to ask themselves. "What would my family and friends think if they find out?

• A.Cognitive theory
• B.Social control theory
• C.Behavioral theory
• D.Routine activities theory

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