ACC 360 Fraud Examination Final Exam (Ch. 13-15) | Questions And Answers Latest
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Which of the following is NOT one of the three sources of external fraud discussed? - Auditors
Which of the following statements is true with regard to external fraud threats? - Companies that house
large amounts of customer payment data are especially vulnerable to external fraud threats
What is a paperhanger? - A person who is an expert in check fraud
Which of the following statements is true with regard to credit cards? - The chances of being caught
using an unauthorized card are small
Taylor is a procurement specialist for Hillside Corporation. He is reviewing contracts, and notices a
pattern between three particular contractors. Contractor A bid the lowest on the first job, Contractor B
bid the lowest on the second job, and Contractor C bid the lowest on the third job. All three contractors
bid on all three jobs. Which of the following is a potential scheme perpetrated by these contractors? -
Bid rotation
Which of the following is NOT one of the four phases of the procurement process? - The project review
phase
Which of the following is the best way to prevent vendor fraud? - Conduct vendor audits
Which of the following is a key finding from the 2010/2011 Computer Crime and Security Survey? -
Respondents believed that the activities of outsiders accounted for much of their losses from
cybercrime.
Why are computer fraud cases difficult for a fraud examiner to investigate? - All of the above are
reasons why computer fraud cases are difficult to investigate.
, ________________ is the use of technology to gain unauthorized access to sensitive information on a
computer system. - Computer hacking
Password cracking, social engineering, and phishing are all: - Methods used to gain unauthorized access
Max Reynolds is trying to obtain customer payment data from Stella Corporation. He wanders around
Stella's offices pretending to be a confused intern, looking for someone who can help him get on his
computer. An unsuspecting employee gives him her login information, not realizing the amount of data
she has just given him access to. He downloads several spreadsheets of customer payment data and
takes off. What type of scheme has Max committed against Stella Corporation? - Social enginerring
Which of the following is commonly used to perpetrate data manipulation and destruction schemes? -
Malware
If an organization offers wireless or remote access, its server software should terminate any connection:
- After a certain number of unsuccessful attempts to enter an invalid password
All of the following are examples of malware EXCEPT: - Blackware
What is encryption? - Procedures used to convert information using an algorithm that makes it
unreadable
Which of the following does corporate espionage include? - Acquisition of information through
clandestine means
What is a recommended preventative measure a company should take to protect its physical property? -
Ensure outdoor waste receptacles are locked and guarded
Factors that influence the level of fraud risk faced by an organization include which of the following? -
All of the above
_________ controls are designed to stop an undesirable event from occurring, whereas _________
controls are designed to identify an undesirable event that has already occurred. - Preventive; detective
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