Question 10 Which of the following is NOT a general type of control activity? O

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Question 10 Which of the following is NOT a general type of control activity? O a Proper authorization of transactions and activities O b. Use of internal audators O c. Adequate separation of duties o d. Independent checks on performance Question 11 Which of the following is true of bankruptcyldivorce fraud? O a It involves only criminal proceedings O b. It is growing at an alarming rate O C. The main motivation is to keep assets from being taken od Both a and c o e Both b and c o t All of the above Question 12 Which of these is a program that claims to do something useful, but also contains hidden behavior? O a A trojan horse o b. An adware o c An Intermet worm o d. A sormal computer virus Question 13 Which of the following is a valid reason behind the prevalence of revenue-related financial statement fraud? ? It is easy to manipulate net ncome using revenues and receivables accounts. ob. Auditors generally focus more on balance sheet items than on revenue accounts O A reversing effect of the fraud automatically occurs in the subsequest period. ? d Revenue-related frauds are difficult to hide from detection. O Type here to search

Explanation / Answer

10) b

Internal auditors are not a part of general type of control activity. They are appointed seperately.

11) e

12) a

Trojan horse claims usefull role like email checking, when we open the email it effects the computer.

13) a

If the revenue shown lesser then the tax is also less, so generating less revenue is a type of fraud.

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