The Fraud Detectives

Test Your Fraud Knowledge

Take a quiz to check your understanding of the area of fraud. The score you receive will only be a random, unscientific measure of your fraud knowledge.

1. According to Joseph T. Wells in his 1996 "Report to the Nation on Occupational Fraud and Abuse," theft in the workplace costs organizations:

A. $100 million annually
B. $500 million annually
C. $400 billion annually
D. None of the above

2. In this same study, Wells also found that ordinary employees were twice as likely as a manager to be the fraud perpetrator.

A. True
B. False

3. Which of the following is not a good example of internal control?

A. Bank account reconciliations are prepared by someone other than an authorized check signer
B. Bank statements and cancelled checks are delivered directly and unopened to the owner or other non-signatory individual for examination
C. The cash clerk tallies the day's cash receipts prior to him or her preparing the bank deposit slip
D. Perpetual inventory records are reconciled periodically to the general ledger control account
E. None of the above

4. A forensic accountant:

A. Audits for fraud
B. Examines dead accountants
C. Provides litigation support
D. A and B
E. A and C
F. B and C
G. A, B and C
H. None of the above

5. A Certified Fraud Examiner:

A. Audits for fraud
B. Investigates actual embezzlements and other defalcations
C. Provides litigation support and expert witness testimony
D. All of the above
E. None of the above