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2. True of false? A financial statement fraud is the deliberate misstatement or omission of amounts or disclosures in the financial statements to deceive financial statement users.

MULTIPLE CHOICE

True or False

3. The Worldcom fraud was discovered because of tips to the internal auditors.

MULTIPLE CHOICE

True or False

4. True of false? Bribery, economic extortion, and conflict of interest each involve the exertion of the influence of an official or employee that has a detrimental effect on his constituency or company.

MULTIPLE CHOICE

True or False

5. Who is generally responsible for the financial statements?

MULTIPLE CHOICE

		a. Management.
		b. The external certified public accountant.
		c. The applicable federal government agency.
		d. The applicable state society of certified public accountants.

6. True of false? Offering a payment can constitute a bribe, even if the illegal payment is not made?

MULTIPLE CHOICE

True or False

10. True of false? Preparing financial statements that are know to be materially misstated is not considered financial statement fraud.

MULTIPLE CHOICE

True or False

12. Most whistleblowers are fired.

MULTIPLE CHOICE

True or False

14. True or false? Most kickback schemes end up with the company being over billed even though they dont start off that way.

MULTIPLE CHOICE

True or False

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