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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: 7/15/2012
Time Spent: 34 min , 31 secs
Points Received: 14 / 20 (70%)
Question Type: # Of Questions: # Correct:
Multiple Choice 10 7
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?
Student Answer:
KPMG
PriceWaterhouse
Deloitte & Touche
Arthur Andersen
None of the above
Points Received: 2 of 2
Comments:
2. Question : (TCO A) What is not an indirect IRS audit technique?
Student Answer:
Cash T
Net worth method
Finding an unreported real estate sale
Bank deposit method
None of the above
Points Received: 2 of 2
Comments:
3. Question : (TCO A) Black's Law Dictionary for forensics refers to?
1920609567 MultipleChoice 1 True
0 1920609567 MultipleChoice 1
1920609568 MultipleChoice 4
0 1920609568 MultipleChoice 4
Student Answer:
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
Points Received: 0 of 2
Comments:
4. Question : (TCO A) Which would not be useful in searching for hidden assets?
Student Answer:
Looking at lifestyles of major players
Computing industry ratios
Comparing cash flow with income
Using the net worth method
None of the above
Points Received: 2 of 2
Comments:
5. Question : (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:
Student Answer:
A reasonable degree of transparency.
Effectiveness and efficiency of operations.
Reliability of financial reporting.
Compliance with applicable laws and regulations.
All of the above
1920609569 MultipleChoice 9 False
0 1920609569 MultipleChoice 9
1920609570 MultipleChoice 10 True
0 1920609570 MultipleChoice 10
Points Received: 2 of 2
Comments:
6. Question : (TCO A) Which is not one of the classic "red flags" of "cooking the books?"
Student Answer:
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
Points Received: 0 of 2
Comments:
7. Question : (TCO A) Which would be a nonfraudulent earnings management scheme?
Student Answer:
Bill-and-hold technique
Channel stuffing
Cookie-jar reserves
Backdating stock options
None of the above
Points Received: 2 of 2
Comments:
8. Question : (TCO A) If an internal auditor finds fraud, what communication step should not be taken?
Student Answer:
Notify management or the Board of Directors.
1920609571 MultipleChoice 14 True
0 1920609571 MultipleChoice 14
1920609572 MultipleChoice 17 False
0 1920609572 MultipleChoice 17
1920609573 MultipleChoice 19 True
0 1920609573 MultipleChoice 19
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
Points Received: 2 of 2
Comments:
9. Question : (TCO A) Monitoring controls do not include:
Student Answer:
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
Points Received: 0 of 2
Comments:
10. Question : (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
1920609574 MultipleChoice 24 True
0 1920609574 MultipleChoice 24
1920609575 MultipleChoice 27 False
0 1920609575 MultipleChoice 27
Points Received: 2 of 2
Comments:
* 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: 7/21/2012
Time Spent: 14 min , 47 secs
Points Received: 14 / 20 (70%)
Question Type: # Of Questions: # Correct:
Multiple Choice 10 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.
Student Answer:
$540,000
$720,000
$820,000
$1,000,000
Some other amount
Instructor Explanation: ($220,000 / 0.22)
Points Received: 2 of 2
Comments:
2. Question : (TCO B) Which scheme is considered to be skimming?
Student Answer:
Unrecorded sales
Understated sales
Theft of incoming checks
Swapping checks for cash
1920609576 MultipleChoice 30 True
0 1920609576 MultipleChoice 30
1925303025 MultipleChoice 3 True
0 1925303025 MultipleChoice 3
All of the above
Points Received: 2 of 2
Comments:
3. Question : (TCO B) Which of the following auditors is least interested in the materiality concept?
Student Answer:
Forensic auditor.
Internal auditor.
External auditor.
GAO auditor.
All of the above.
Points Received: 2 of 2
Comments:
4. Question : (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: 2 of 2
Comments:
1925303026 MultipleChoice 6 True
0 1925303026 MultipleChoice 6
1925303027 MultipleChoice 9 True
0 1925303027 MultipleChoice 9
1925303028 MultipleChoice 12 True
5. Question : (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
Student Answer:
An overstatement
$80,000
$135,000
$280,000
None of the above
Instructor Explanation: ($280,000 - $135,000 - $65,000)
Points Received: 0 of 2
Comments:
6. Question : (TCO B) Which of the following is a public resource that can be accessed by the Internet?
Student Answer:
Police and sheriff records of arrests
Wills
Drivers' licenses
All of the above
Points Received: 2 of 2
Comments:
7. Question : (TCO B) The purpose of money laundering is to:
Student Answer:
A) Take illegitimate funds and make them look like they were
0 1925303028 MultipleChoice 12
1925303029 MultipleChoice 14 False
0 1925303029 MultipleChoice 14
1925303030 MultipleChoice 16 True
0 1925303030 MultipleChoice 16
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
Points Received: 0 of 2
Comments:
8. Question : (TCO B) Logs provide which of the following?
Student Answer:
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.
All of the above
Points Received: 0 of 2
Comments:
9. Question : (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?
Student Answer:
1-2 hours usually.
30 minutes on average.
About 1 minute.
1925303031 MultipleChoice 20 False
0 1925303031 MultipleChoice 20
1925303032 MultipleChoice 24 False
0 1925303032 MultipleChoice 24
A few seconds.
None of the above.
Points Received: 2 of 2
Comments:
10. Question : (TCO B) All of the following would be found in HTTP log files except:
Student Answer:
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
Points Received: 2 of 2
Comments:
* 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: 7/29/2012
Time Spent: 25 min , 40 secs
Points Received: 16 / 20 (80%)
Question Type: # Of Questions: # Correct:
Multiple Choice 10 8
Grade Details - All Questions
1. Question : (TCO C) An expert witness:
Student Answer:
Loses confidentiality.
Must be objective.
1925303033 MultipleChoice 27 True
0 1925303033 MultipleChoice 27
1925303034 MultipleChoice 29 True
0 1925303034 MultipleChoice 29
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
Points Received: 0 of 2
Comments:
2. Question : (TCO C) Which statement about witness immunity is false?
Student Answer:
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.
None of the above is false
Points Received: 0 of 2
Comments:
3. Question : (TCO C) Which is not a situation which would cause an expert to be ejected?
Student Answer:
Frye challenge
Spoliation
Ghost written report
Conflict of interest
None of the above
Points Received: 2 of 2
1931763163 MultipleChoice 2 False
0 1931763163 MultipleChoice 2
1931763164 MultipleChoice 6 False
0 1931763164 MultipleChoice 6
Comments:
4. Question : (TCO C) Which of the following is a way to challenge an expert?
Student Answer:
Samson challenge
Frye challenge
Dillon challenge
Casper challenge
None of the above
Points Received: 2 of 2
Comments:
5. Question : (TCO C) What motion would be used to try to eliminate an expert witness?
Student Answer:
Motion of limine
Motion of challenge
A Frye motion
A Daubert motion
All of the above
Points Received: 2 of 2
Comments:
6. Question : (TCO C) Which would not be considered privileged evidence?
Student Answer:
Physician/patient
Attorney/client
1931763165 MultipleChoice 8 True
0 1931763165 MultipleChoice 8
1931763166 MultipleChoice 12 True
0 1931763166 MultipleChoice 12
1931763167 MultipleChoice 13 True
0 1931763167 MultipleChoice 13
Attorney/litigation consultant
Attorney/expert witness
All of the above are privileged
Points Received: 2 of 2
Comments:
7. Question : (TCO C) In a criminal case, the burden of proof is normally:
Student Answer:
Beyond a reasonable doubt.
More likely than not.
Preponderance of the evidence.
Presumption of guilt.
None of the above
Points Received: 2 of 2
Comments:
8. Question : (TCO C) Federal Rules of Evidence Section 803(18):
Student Answer:
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
Points Received: 2 of 2
Comments:
1931763168 MultipleChoice 17 True
0 1931763168 MultipleChoice 17
1931763169 MultipleChoice 19 True
0 1931763169 MultipleChoice 19
1931763170 MultipleChoice 22 True
0 1931763170 MultipleChoice 22
9. Question : (TCO C) A written statement of a witness under oath, often in a question/answer format is a ____________.
Student Answer:
Limine
Deposition
Remand
Dicta
Stare decisis
Points Received: 2 of 2
Comments:
10. Question : (TCO C) What would not be considered a document?
Student Answer:
Calendar
Address book
A private letter
A photograph
None of the above
Points Received: 2 of 2
Comments:
* Times are displayed in (GMT-07:00) Mountain Time (US & Canada)
1931763171 MultipleChoice 26 True
0 1931763171 MultipleChoice 26
1931763172 MultipleChoice 28 True
0 1931763172 MultipleChoice 28