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

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

• A.Obtaining reasonable assurance that the organization's financial statements are free of material misstatements caused by fraud
• B.Overseeing management's actions to manage fraud risks
• C.Evaluating indicators of fraud and deciding whether any further action is necessary or whether an investigation should be recommended
• D.Establishing and maintaining effective anti-fraud controls at a reasonable cost

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

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Which of the following factors increases an organization's inherent inclination toward committing crime according to Diane Vaughan's research?

• A.Management rewards employees who challenge how the company functions.
• B.Management encourages employee loyalty through social functions.
• C.Management seeks diversity in attitudes and perspectives when hiring employees.
• D.Management separates employee performance goals from company performance goals.

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Which of the following is one of the four recommendations made by the National Commission on Fraudulent Financial Reporting (the Treadway Commission) to reduce the probability of fraud in financial reports?

• A.Provide adequate resources and authority to the internal audit function.
• B.Have a mandatory independent finance committee.
• C.Assign oversight of the hotline reporting program to company shareholders.
• D.Develop a written charter for the audit committee.

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