Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Fraud Examination Study Set 3

Business

Quiz 13 :

Liability, Asset, and Inadequate Disclosure Frauds

Quiz 13 :

Liability, Asset, and Inadequate Disclosure Frauds

search
arrow
All of the following are indicators of financial statement fraud EXCEPT:
Free
Multiple Choice
Answer:

Answer:

D

arrow
Which of the following is NOT a symptom of liability fraud?
Free
Multiple Choice
Answer:

Answer:

B

arrow
Which of the following will NOT understate liabilities?
Free
Multiple Choice
Answer:

Answer:

C

arrow
In dealing with capitalized costs, what should be done when deferred charges of interest exist on the balance sheet?
Multiple Choice
Answer:
arrow
Which method is NOT used to overstate assets?
Multiple Choice
Answer:
arrow
Which ratio is helpful in understanding whether the relationship between cash and marketable securities is reasonable in relation to current assets or total assets?
Multiple Choice
Answer:
arrow
In liability fraud, liabilities are most often:
Multiple Choice
Answer:
arrow
Analytical symptoms for unrecorded notes and mortgages payable include which of the following?
Multiple Choice
Answer:
arrow
When examining whether a company has underrecorded accounts payable, all of the following ratios are helpful EXCEPT:
Multiple Choice
Answer:
arrow
In case of deferred revenue liabilities, when should revenues almost always be recorded as earned?
Multiple Choice
Answer:
arrow
Which of the following expenditures would be most suspicious if it were capitalized?
Multiple Choice
Answer:
arrow
Which of the following items listed provide the best opportunity to find contingent liabilities that should be recorded?
Multiple Choice
Answer:
arrow
When does inadequate disclosure occur?
Multiple Choice
Answer:
arrow
Recognizing unearned revenue as earned revenue is an example of which type of fraud?
Multiple Choice
Answer:
arrow
Which of the following statements is FALSE?
Multiple Choice
Answer:
arrow
Which asset is probably the most difficult to overstate under normal audit procedures?
Multiple Choice
Answer:
arrow
Which of the following applies to a "cookie jar?"
Multiple Choice
Answer:
arrow
Which ratio will increase in a liability fraud?
Multiple Choice
Answer:
arrow
In asset fraud, assets are most often:
Multiple Choice
Answer:
arrow
Capitalizing costs that should be expensed:
Multiple Choice
Answer:
Showing 1 - 20 of 47