Acfe report questions - Study guides, Class notes & Summaries

CITP Exam Questions with Correct Answers Latest 2024/2025 Graded A+. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limite...

CITP Exam Questions with Answers Latest 2024/2025 Rated A+ | Graded. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limite...

Percentage of annual revenue lost - 5% Categories of fraud based on how common they each are in occurrence - Misappropriation of assets Corruption Financial Statement Fraud Cost Per occurrence - Misappropriation of assets - 120,000 Corruption - 250,000 Financial Statement Fraud 1,000,000 Fraud that is most common and least costly? - Misappropriation of assets Fraud that is least common and most costly? - Financial Statement fraud How occupational frauds are most likely to...

Auditing Chapters 1-6, questions and answers graded A+ Canadian Public Accountability Board (CPAB) - the board organized to monitor the auditors of public companies in Canada corporate governance "is a set of relationships between the company's management, its board, its shareholders, and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are d...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...