Which of the following indicates an observed symptom (red flag) of fraud?
a. An employee is unhappy with her pay.
b. An employee is undergoing a messy divorce.
c. An employee has bought a luxury car and some expensive jewelry.
d. An employee was seen shredding documents after hours.
c
FEEDBACK: a. Incorrect: this is a pressure only.
b. Incorrect: this is a pressure only.
c. Correct: this is an indication of excess cash to spend.
d. Incorrect: although suspicious activity but not necessarily fraud.
You might also like to view...
It is difficult to obtain a representative sample in Brazil since the technological infrastructure for gathering market data is minimal
Indicate whether the statement is true or false
Joshua and Alyssa dated for two years before deciding to get married. Joshua gave Alyssa a $20,000 diamond ring on the occasion of their engagement. Two months later, Joshua called off the engagement without giving Alyssa a valid reason. Under the traditional rule that uses a fault-based approach, ________.
A. the ring must be sold and the proceeds divided between Joshua and Alyssa B. Alyssa must return the ring C. Alyssa may retain the ring only if she pays its fair value to Joshua D. Joshua cannot recover the ring
The fields of disaster preparedness and disaster recovery are independent of each other
Indicate whether the statement is true or false
In a will, a devise is a
A. Gift of estate property that remains after carrying out the other provisions of the will. B. Gift of real property. C. Gift of intangible property. D. Gift of personal property that is directly identified. E. Cash gift from a particular source.