Acg 4401

Only available on StudyMode
  • Download(s) : 297
  • Published : April 21, 2013
Open Document
Text Preview
Review Questions

ACG 4401 U01B

Summer 2010

Name___________________________________

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1)

Which of the factors listed below is not a common factor for fraud?
1)

_______
A)

rationalization for the crime

B)

desire to get even with the employer
C)

opportunity to commit fraud

D)

pressure to commit fraud

2)

Misappropriation of assets can also be called

2)

_______
A)

Fraudulent financial reporting

B)

Management fraud
C)

Employee fraud

D)

Computer fraud

3)

Which type of antivirus program is most effective in spotting an infection soon after it starts?
3)

_______
A)

a virus detection program

B)

a virus protection program
C)

a virus identification program

D)

none of the above

4)

How can an organization reduce fraud losses?

4)

_______
A)

require vacations and rotate duties

B)

maintain adequate insurance
C)

encrypt data and programs

D)

use forensic accountants

5)

A ________ is similar to a ________, except that it is a program rather than a code segment hidden in a host program.
5)

_______
A)

worm; virus

B)

worm; Trojan horse
C)

Trojan horse; worm

D)

virus; worm

6)

Which method of fraud is physical in its nature rather than electronic?
6)

_______
A)

eavesdropping

B)

cracking

C)

scavenging

D)

hacking

7)

The deceptive method by which a perpetrator gains access to the system by pretending to be an authorized user is called
7)

_______
A)

masquerading.

B)

superzapping.
C)

hacking.

D)

cracking.

8)

Intentional or reckless conduct that results in materially misleading financial statements is called
8)

_______
A)

financial fraud.

B)

misstatement fraud.
C)

audit failure fraud.

D)

fraudulent financial reporting.

9)

The potential dollar loss that could result if an unwanted event occurs is called a(n)
9)

_______
A)

exposure.

B)

extraordinary loss.
C)

threat.

D)

risk.

10)

The likelihood that an adverse or unwanted event could occur is referred to as a(n)
10)

______
A)

threat.

B)

loss.

C)

risk.

D)

exposure.

11)

Which of the following federal laws incorporated the language of the AICPA about controls into a law applying to all registered companies?
11)

______
A)

Foreign Corrupt Practices Act of 1977
B)

The Securities Act of 1933
C)

Federal Corruption Prevention Act of 1987
D)

The Securities Exchange Act of 1934

12)

Personnel policies such as background checks, mandatory vacations, and rotation of duties tend to deter
12)

______
A)

fraud by outsiders

B)

unintentional errors
C)

employee fraud or embezzlement

D)

payroll irregularities

13)

Chuck Hewitt was relaxing after work with a colleague at a local watering hole. Well into his second martini, he began expressing his opinion about government regulation. It seems that, as a result of "government interference" the company's longstanding policy of making low-interest loans to top management was being terminated. The regulation that Chuck is referring to is the

13)

______
A)

Truth in Lending Act

B)

McCain-Feingold Act
C)

Sarbanes-Oxley Act

D)

Foreign Corrupt Practices Act

14)

River Rafting Adventures of Iowa provides rafts and tour guides...
tracking img