Grading Summary

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: Time Spent: Points Received: # Of Questions: 10 7/15/2012 34 min , 31 secs 14 / 20 (70%) # Correct: 7

Question Type: Multiple Choice

Grade Details - All Questions

1.

Question :

(TCO A) Which accounting firm audited all of these companies: Sunbeam, Waste Management, Global Crossing, and Baptist Foundation of Arizona? KPMG PriceWaterhouse Deloitte & Touche Arthur Andersen None of the above

Student Answer:

Points Received: Comments:

2 of 2

1920609567 0
2. Question :

MultipleChoice 1920609567

1 MultipleChoice

True 1

(TCO A) What is not an indirect IRS audit technique? Cash T Net worth method Finding an unreported real estate sale Bank deposit method None of the above

Student Answer:

Points Received: Comments:

2 of 2

1920609568

MultipleChoice

0
3. Question :

1920609568

MultipleChoice

(TCO A) Black's Law Dictionary for forensics refers to? Forensics belonging to the law of justice Forensics belonging to the courts of justice Forensics belonging to the rules of justice Forensics belonging to the codes of justice None of the above

Student Answer:

Points Received: Comments:

0 of 2

1920609569
0
4. Question :

MultipleChoice
1920609569

9
MultipleChoice

False
9

(TCO A) Which would not be useful in searching for hidden assets? Looking at lifestyles of major players Computing industry ratios Comparing cash flow with income Using the net worth method None of the above

Student Answer:

Points Received: Comments:

2 of 2

1920609570
0
5. Question :

MultipleChoice
1920609570

10
MultipleChoice

True
10

(TCO A) COSO defines "internal controls" as a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories except: A reasonable degree of transparency. Effectiveness and efficiency of operations.

Student Answer:

Reliability of financial reporting. Compliance with applicable laws and regulations. All of the above
Points Received: Comments: 2 of 2

1920609571
0
6. Question :

MultipleChoice
1920609571

14
MultipleChoice

True
14

(TCO A) Which is not one of the classic "red flags" of "cooking the books?" Double billing a customer Personal expenses paid with company funds Sudden raises or bonuses to employees Unnecessary use of collection services Income increasing faster than cash

Student Answer:

Points Received: Comments:

0 of 2

1920609572

MultipleChoice

17

False

0
7. Question :

1920609572

MultipleChoice

17

(TCO A) Which would be a nonfraudulent earnings management scheme? Bill-and-hold technique Channel stuffing Cookie-jar reserves Backdating stock options None of the above

Student Answer:

Points Received:

2 of 2

Comments:

1920609573
0
8. Question :

MultipleChoice
1920609573

19
MultipleChoice

True
19

(TCO A) If an internal auditor finds fraud, what communication step should not be taken? Notify management or the Board of Directors. A written report should be prepared. Draft of written report should be submitted to legal counsel for review. Report the offense to the appropriate authority. None of the above

Student Answer:

Points Received: Comments:

2 of 2

1920609574
0
9. Question :

MultipleChoice
1920609574

24
MultipleChoice

True
24

(TCO A) Monitoring controls do not include: Management reports that identify nonconforming transactions. Monitoring the system of internal control through internal audit activities. The preparation of an audit by a licensed CPA firm. A company's ethics policy signed by all company employees and executives. None of the above

Student Answer:

Points Received: Comments:

0 of 2

1920609575

MultipleChoice

27

False

0
10. Question :

1920609575

MultipleChoice

27

(TCO A) Which would not be considered an analytical procedure?

Student Answer:

Comparison with other operating information Vertical analysis Variance analysis Ratio analysis All of above are analytical procedures
Points Received: Comments: 2 of 2

1920609576 0

MultipleChoice 1920609576

30 MultipleChoice

True 30

* Times are displayed in (GMT-07:00) Mountain Time (US & Canada)

Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: Time Spent: Points Received: 7/21/2012 14 min , 47 secs 14 / 20 (70%)

Question Type: Multiple Choice

# Of Questions: 10

# Correct: 7

Grade Details - All Questions

1.

Question :

(TCO B) A company has a 22% profit margin and has employee fraud of $220,000. Calculate the additional revenue needed to offset this lost income. $540,000 $720,000 $820,000 $1,000,000 Some other amount

Student Answer:

Instructor Explanation:

($220,000 / 0.22)

Points Received:

2 of 2

Comments:

1925303025 0
2. Question :

MultipleChoice 1925303025

3 MultipleChoice

True 3

(TCO B) Which scheme is considered to be skimming? Unrecorded sales Understated sales Theft of incoming checks Swapping checks for cash All of the above

Student Answer:

Points Received: Comments:

2 of 2

1925303026 0
3. Question :

MultipleChoice 1925303026

6 MultipleChoice

True 6

(TCO B) Which of the following auditors is least interested in the materiality concept? Forensic auditor. Internal auditor. External auditor. GAO auditor. All of the above.

Student Answer:

Points Received: Comments:

2 of 2

1925303027 0
4. Question :

MultipleChoice 1925303027

9 MultipleChoice

True 9

(TCO B) Which of the following is an example of a proactive approach to fraud detection?

Student Answer:

Logging of exceptions Intelligence gathering Reviewing variances Effective internal controls All of the above

Points Received: Comments:

2 of 2

1925303028 0
5. Question :

MultipleChoice 1925303028

12 MultipleChoice

True 12

(TCO B) Based upon the following facts, determine a person's preliminary understatement of income: Schedule C receipts $280,000 Schedule C expenses 135,000 Personal living expenses 65,000 An overstatement $80,000 $135,000 $280,000 None of the above

Student Answer:

Instructor Explanation:

($280,000 - $135,000 - $65,000)

Points Received: Comments:

0 of 2

1925303029 0
6. Question :

MultipleChoice 1925303029

14 MultipleChoice

False 14

(TCO B) Which of the following is a public resource that can be accessed by the Internet? Police and sheriff records of arrests

Student Answer:

Wills Drivers' licenses All of the above

Points Received: Comments:

2 of 2

1925303030
0
7. Question :

MultipleChoice
1925303030

16
MultipleChoice

True
16

(TCO B) The purpose of money laundering is to: A) Take illegitimate funds and make them look like they were earned from legitimate business activities. B) Purposefully transfer restricted grant monies into discretionary accounts through confutation. C) Secretly take suitcases full of money from one country to another. All of the above Only A and B

Student Answer:

Points Received: Comments:

0 of 2

1925303031 0
8. Question :

MultipleChoice 1925303031

20 MultipleChoice

False 20

(TCO B) Logs provide which of the following? Name of the visitor entering the website. Name of the country where the visitor's PC is located. The web page the visitor was at before entering the website. The route taken over the Internet to arrive at the current website.

Student Answer:

All of the above

Points Received: Comments:

0 of 2

1925303032 0
9. Question :

MultipleChoice 1925303032

24 MultipleChoice

False 24

(TCO B) After entering an IP address into a traceroute program, how long does it normally take to trace the IP address back to its originating source? 1-2 hours usually. 30 minutes on average. About 1 minute. A few seconds. None of the above.

Student Answer:

Points Received: Comments:

2 of 2

1925303033 0
10. Question :

MultipleChoice 1925303033

27 MultipleChoice

True 27

(TCO B) All of the following would be found in HTTP log files except: Size of the requested files. Address of the website that the current visitor came from. IP address of the visitor. Speed of transfer from the previous website. None of the above

Student Answer:

Points Received: Comments:

2 of 2

1925303034 0

MultipleChoice 1925303034

29 MultipleChoice

True 29

* Times are displayed in (GMT-07:00) Mountain Time (US & Canada)

Grading Summary
These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: Time Spent: Points Received: # Of Questions: 10 7/29/2012 25 min , 40 secs 16 / 20 (80%) # Correct: 8

Question Type: Multiple Choice

Grade Details - All Questions

1.

Question :

(TCO C) An expert witness: Loses confidentiality. Must be objective. Can be examined by the other side. Is required under Fed. Rules of Civ. Proc. 26 to provide a written report providing details of the testimony expected to be given. All of the above

Student Answer:

Points Received: Comments:

0 of 2

1931763163
0
2. Question :

MultipleChoice
1931763163

2
MultipleChoice

False
2

(TCO C) Which statement about witness immunity is false? A lawsuit against an expert for negligence is one type of tort action. A negligence claim has a shorter statute of limitation than a breach of contract action. A claim for breach of a contract generally is brought in a state court. Communication made in a judicial proceeding carries an absolute privilege against civil suits for damages.

Student Answer:

None of the above is false

Points Received: Comments: 0 of 2

1931763164
0
3. Question :

MultipleChoice
1931763164

6
MultipleChoice

False
6

(TCO C) Which is not a situation which would cause an expert to be ejected? Frye challenge Spoliation Ghost written report Conflict of interest None of the above

Student Answer:

Points Received: Comments:

2 of 2

1931763165

MultipleChoice

True

0
4. Question :

1931763165

MultipleChoice

(TCO C) Which of the following is a way to challenge an expert? Samson challenge Frye challenge Dillon challenge Casper challenge None of the above

Student Answer:

Points Received: Comments:

2 of 2

1931763166

MultipleChoice

12

True

1931763166

MultipleChoice

12

5.

Question :

(TCO C) What motion would be used to try to eliminate an expert witness? Motion of limine Motion of challenge A Frye motion A Daubert motion All of the above

Student Answer:

Points Received: Comments:

2 of 2

1931763167
0
6. Question :

MultipleChoice
1931763167

13
MultipleChoice

True
13

(TCO C) Which would not be considered privileged evidence? Physician/patient Attorney/client Attorney/litigation consultant Attorney/expert witness All of the above are privileged

Student Answer:

Points Received: Comments:

2 of 2

1931763168
0
7. Question :

MultipleChoice
1931763168

17
MultipleChoice

True
17

(TCO C) In a criminal case, the burden of proof is normally: Beyond a reasonable doubt. More likely than not. Preponderance of the evidence. Presumption of guilt.

Student Answer:

None of the above

Points Received: Comments: 2 of 2

1931763169
0
8. Question :

MultipleChoice
1931763169

19
MultipleChoice

True
19

(TCO C) Federal Rules of Evidence Section 803(18): Allows a Daubert challenge. Allows a Frye challenge. Allows written sources to get around the hearsay rule. Allows a motion of limine. All of the above

Student Answer:

Points Received: Comments:

2 of 2

1931763170 0
9. Question :

MultipleChoice 1931763170

22 MultipleChoice

True 22

(TCO C) A written statement of a witness under oath, often in a question/answer format is a ____________. Limine Deposition Remand Dicta Stare decisis

Student Answer:

Points Received: Comments:

2 of 2

1931763171

MultipleChoice

26

True

1931763171

MultipleChoice

26

10.

Question :

(TCO C) What would not be considered a document? Calendar Address book A private letter A photograph None of the above

Student Answer:

Points Received: Comments:

2 of 2

1931763172

MultipleChoice

28

True

1931763172

MultipleChoice

28

* Times are displayed in (GMT-07:00) Mountain Time (US & Canada)