6. Internal Controls and Reporting Cash

Which of the following is a common mistake that small-business owners make as their businesses begin to grow, potentially increasing the risk of fraud according to the Fraud Triangle?

Which element of the fraud triangle can cause managers to make mistakes and errors that harm the organization or employees?

Which of the following is NOT a way that managers can create and support an ethical organization?

Which method is commonly used to consider alternate ways of conducting business in order to manage risk, as related to the Fraud Triangle?

Which of the following is an example of a best practice strategy to prevent fraud?

Which of the following is NOT an example of a fraudulent crime?

According to the principles of the fraud triangle, which of the following best describes the responsibility of a licensed business and its employees regarding customers' illegal or disorderly activities?

The financial failure of a firm is often due to which of the following elements of the fraud triangle?

Which of the following is an example of how ethics shapes business laws in the context of fraud prevention?

Which of the following is a poor internal accounting control feature?

Which of the following is NOT a factor in encouraging high-quality financial reporting?

Which of the following best describes the impacts associated with contractual noncompliance in the context of fraud and the fraud triangle?

If you make an illegal sale and did not meet a certain level of care, which element of the fraud triangle does this most directly relate to?

Which of the following was one of the major fraudulent accounting practices that contributed to the WorldCom scandal?

An activity passes the 'lemon test' if it is: