Question 1

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

Options :

A : Conflict of interest

B : Turnaround sale or flip

C : Disclosure

D : Resource diversion

Answer: C

Question 2

____________ is a summary of the account balances carried in a ledger.

Options :

A : Balance sheet

B : Income statement

C : Financial statement

D : General journal

Answer: C

Question 3

A voucher is:

Options :

A : a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered

B : a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

C : a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

D : a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

Answer: A

Question 4

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

Options :

A : Bogus claims

B : Billing scheme

C : Reliance billing

D : Misappropriate claims

Answer: A

Question 5

The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.

Options :

A : True

B : False

Answer: A