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

• A.Professional skepticism means beginning all assignments with the belief that something is amiss.
• B.Fraud examiners should form the engagement hypothesis without regard to the available preliminary information.
• C.Fraud examiners should not relax their skeptical attitudes under any circumstances.
• D.Professional skepticism involves maintaining a mindset that no fraud has occurred

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Which of the following is included in the G20/OECD Principles of Corporate Governance?

• A.A requirement for a corporate governance framework that protects the exercise of management's rights.
• B.Support for the equal treatment of all members of an organization's governing body.
• C.A request that governments implement effective internal controls to support good corporate governance practices.
• D.An emphasis on the importance of timely, accurate and transparent disclosure mechanisms.

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According to the authors of Crimes of the Middle Classes, all of the following factors have contributed to the rising problem of economic crime EXCEPT:

• A.The continued pressures of a culture that rewards affluence and success
• B.The economy's increased reliance on credit
• C.The increased constraints of the regulatory environment for businesses
• D.The increased opportunity for wrongdoing as a result of advancing information technologies

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Which of the following is TRUE regarding the G20/OECD Principles of Corporate Governance?

• A.They are required to be implemented by all corporations in the jurisdictions that have officially adopted them.
• B.They state that a corporate governance framework should require disclosure of all financial information to the organization's investors.
• C.They assert that a corporate governance framework should ensure the equitable treatment of all the organization's shareholders.
• D.They are intended to be applicable in developed economies but not in emerging markets.

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

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