Which of the following is NOT one of the three general approaches used to control corporate crime?

• A.Strong intervention of the government
• B.Consumer action to force change
• C.Media blacklisting of the organization
• D.Voluntary changes in corporate attitudes and structure

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XYZ. Inc. is a publicly traded, multi-national corporation. Which of the following statements is TRUE regarding the corporate governance requirements that XYZ is subject to?

• A.XYZ is not required to comply with any corporate governance requirements because it operates in multiple jurisdictions
• B.XYZ must comply with the various laws and regulations in the countries in which it operates
• C.XYZ is required to comply with G20'OECD Principles of Corporate Governance.
• D.XYZ is subject to the Universal Corporate Governance Act because it is a publicly traded corporation.

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The internal auditor's fraud-related responsibilities include which of the following?

• A.Attesting that the organization's financial statements are free of material misstatements caused by fraud
• B.Evaluating whether management is actively retaining responsibility for oversight of the fraud risk management program
• C.Reporting to regulators regarding the entity's vulnerability to fraud
• D.Overseeing management's actions to manage fraud risks

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Which of the following is FALSE regarding a fraud risk assessment?

• A.The designation of an area as being high risk does not conclusively mean that fraud is occurring there
• B.The objective of the assessment is to provide an estimate of the organization s fraud losses
• C.The assessment should be used to improve employee fraud awareness
• D.The assessment team should consider how employees behave as part of its assessment

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Glenda. an internal auditor, and Bridgette. an accounts receivable clerk, have had several heated disagreements over accounting procedures and policies Glenda has just been told that she will be the lead on the company s fraud risk assessment. During the fraud risk assessment. Glenda should:

• A.Have someone else perform the fraud risk assessment work related to the accounts receivable departments activities
• B.Automatically designate the accounts receivable department as a high-risk area
• C.Include her disagreements with Bridgette as a factor when assessing the risk of fraud in the accounts receivable department
• D.Confront Bridgette about the disagreements and discuss how they increase the departments risk of fraud

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