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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Corruption Schemes | 5–10% | - Bribery and kickbacks - Conflicts of interest - Illegal gratuities and extortion |
| Topic 2: Identity Theft | 1–5% | - Types and techniques - Prevention and detection |
| Topic 3: Asset Misappropriation – Non-Cash Assets | 5–10% | - Inventory and equipment theft - Misuse of assets - Concealment techniques |
| Topic 4: Financial Statement Fraud | 10–15% | - Expense and liability understatements - Detection and red flags - Revenue and asset overstatements - Timing and disclosure manipulations |
| Topic 5: Asset Misappropriation – Cash Disbursements | 10–15% | - Check and payment tampering - Payroll schemes - Billing schemes - Expense reimbursement schemes |
| Topic 6: Accounting Concepts | 5–10% | - Basic accounting principles - Recording and summarizing transactions - Financial statements structure - Internal control fundamentals |
| Topic 7: Asset Misappropriation – Cash Receipts | 5–10% | - Prevention and detection methods - Cash larceny schemes - Cash skimming schemes |
| Topic 8: Industry-Specific Financial Crimes | 15–25% | - Financial institution fraud - Real estate and securities fraud - Insurance fraud - Healthcare fraud - Cyber-enabled and cryptocurrency fraud |
| Topic 9: Theft of Data and Intellectual Property | 5–10% | - Corporate espionage - Safeguarding proprietary information - Data and IP theft methods |
1. What can make it easy for an employee to skim sales or receivables?
A) Register manipulations and recording procedures
B) Internal audits and recording procedures
C) Poor collection and recording procedures
D) Revenue sources and recording procedures
2. On the balance sheet, assets must equal the sum of which two components?
A) Liabilities and owners' equity
B) Liabilities and expenses
C) Expenses and gross profit
D) Revenues and cost of goods sold
3. Which of the following measures would help prevent the theft of company inventory?
A) Using nonconsecutive shipping documents, job cost sheets, and inventory receiving reports
B) Having the purchasing agent perform the physical inventory count
C) Restricting the ability to access inventory to authorized personnel
D) Appointing one individual to receive incoming inventory shipments and then distribute them
4. Which of the following can constitute a bribe, even if the illicit payment is never actually made?
A) Overbilling in payment
B) Kickback payment
C) Corruption in payment
D) Offering a payment
5. According to Hollinger and Clark, for policy development, management must pay attention to:
A) Both A & B
B) Neither A nor B
C) A clear understanding regarding theft behavior
D) Enforcement of sanctions
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |
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