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| Section | Weight | Objectives |
|---|---|---|
| Asset Misappropriation – Cash Disbursements | 10–15% | - Expense reimbursement schemes - Payroll schemes - Check and payment tampering - Billing schemes |
| Asset Misappropriation – Cash Receipts | 5–10% | - Cash skimming schemes - Prevention and detection methods - Cash larceny schemes |
| Industry-Specific Financial Crimes | 15–25% | - Cyber-enabled and cryptocurrency fraud - Insurance fraud - Financial institution fraud - Real estate and securities fraud - Healthcare fraud |
| Corruption Schemes | 5–10% | - Conflicts of interest - Illegal gratuities and extortion - Bribery and kickbacks |
| Accounting Concepts | 5–10% | - Financial statements structure - Internal control fundamentals - Basic accounting principles - Recording and summarizing transactions |
| Asset Misappropriation – Non-Cash Assets | 5–10% | - Misuse of assets - Concealment techniques - Inventory and equipment theft |
| Identity Theft | 1–5% | - Prevention and detection - Types and techniques |
| Theft of Data and Intellectual Property | 5–10% | - Safeguarding proprietary information - Corporate espionage - Data and IP theft methods |
| Financial Statement Fraud | 10–15% | - Revenue and asset overstatements - Detection and red flags - Expense and liability understatements - Timing and disclosure manipulations |
1. What type of fraud scheme would MOST LIKELY be revealed by comparing a company's personnel records with its payroll records to identify duplicate addresses and government identification numbers?
A) A falsified hours and salary scheme
B) A fraudulent commissions scheme
C) A ghost employee scheme
D) An expense reimbursement scheme
2. When an individual commits a forged filing scheme, they often perform which of the following actions?
A) Purchase a considerable amount of goods through credit.
B) Collude with inventory suppliers to create false invoices.
C) Use stolen identities to make a bankruptcy claim.
D) Obtain an insurance policy using illicit assets.
3. Which of the following is NOT a medium that commonly causes an organization's proprietary information to be compromised?
A) Documents that were shredded using a cross-cut shredder
B) Information displayed at an employee's workstation
C) Reports to company shareholders
D) Speeches made by executives
4. The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.
A) Occupational frauds
B) Internal audits
C) Employee theft
D) Recorded sales
5. Which of the following is a method of identity theft prevention that is recommended for businesses?
A) Audit practices involving the handling of information only when regulators require it
B) Use government identification numbers as employee identification numbers
C) Collect government identification numbers from customers only when legally required to gather that information
D) Use encryption only when sending personal information externally through a hardwired internet connection
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: C |
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