ACC 556 Week 1 Short Answer Quiz
ACC 556 Week 1 Short Answer Quiz
Week 1 Short Answer Quiz
INDIVIDUAL ASSIGNMENT
Copy and paste the questions on a Word document. Write a brief response from your textbook materials. Information can be found in Chapters 1 and 2 of Fraud Examnation.
Submit your assignment on the Assignments tab.
- What is the Association of Certified Fraud Examiners (ACEF) and what do they do?
- Define fraud.
- Distinguish between fraudulent financial statements, asset misappropriation and corruption.
- Using Table 1.1 Types of Fraud, define employee fraud and management fraud and identify the victim and perpetrator in each type of fraud.
- Who commits fraud?
- Describe each of the elements of the Fraud Triangle.
- List the 4 main groups of pressures and give 2 examples of each.
- Discuss the difference between fraud detection and fraud prevention.
- True or False: Fraud can always be prevented? Why or why not?
- Select one corporate fraud case study from the text and compile a quick compare and contrast as it relates to fraud.
Grading: Each question is worth 1 point for a total of 10 points for the assignment. Answers to the questions need to reflect the materials in your textbook readings.