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Q.1
What are the three indices of the fraud triangle?
Pressure, possibility and opportunity
Validation, rationalization and critical thinking
Pressure, opportunity and rationalization
Justification, possibility and rationalization
Q.2
Fraud is a $_____ problem.
2.5 billion
3.7 trillion
100 billion
5.2 trillion
Q.3
How did Parmalat commit fraud?
The company used stolen credit cards to pay for employee gifts.
The company funneled money into a secret bank account.
The company embezzled funds from a local dairy farmer.
The company falsified financial statements to hide losses from their subsidiaries.
Q.4
Rita Crundwell embezzled more than $____ from Dixon, Ill., over the course of more than ____ years.
53 million, 20
35 million, 20
53 billion, 15
14 million, 10
Q.5
Which of the following is considered fraud?
Entering inaccurate information on a timesheet
Failing to report cash earnings to the IRS
Overbilling insurance companies for services
All of the above
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