Question 1

A fraud examination has four main objectives: (1)determining whether a fraud exists,(2)determining ______________________,_________________________________,and ________________________________.
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Accepted Answer

The answer of A fraud examination has four main objectives:...

Question 2

The Single Audit Act established an annual audit for all ____________________ and ____________________ units that spend $_____________________ or more of ____________________ funds.
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The answer of The Single Audit Act established an annual...

Question 3

Generally,fraud examiners are called when a fraud is already known or suspected.The term that means a reason to believe a fraud has occurred is
A)Prediction.
B)Suspicion.
C)Predication.
D)Admonition.

Accepted Answer

Predication is the term used to describe the reasonable belief that a fraud has occurred, which justifies the initiation of a fraud examination.

Question 4

The ___________________ is the federal law that established uniform requirements for audits of federal financial assistance provided to _________ and _________ governments.
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The answer of The ___________________ is the federal law that...

Question 5

Internal audit reports are usually considered "____________________" until a _________________________ is performed.
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The answer of Internal audit reports are usually considered "____________________"...

Question 6

Government performance audits determine if _________________________________________________________ and _______________________________________________.
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The answer of Government performance audits determine if _________________________________________________________ and...

Question 7

CPAs in public practice most often are involved in governmental audits as a result of responding to an agency's ___________________________________.
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The answer of CPAs in public practice most often are...

Question 8

Benford's Law is used to

Accepted Answer

The answer of Benford's Law is used to...

Question 9

Although internal auditors are associated with their employers in the eyes of the public,they seek ____________________ and ____________________ independence.
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Accepted Answer

The answer of Although internal auditors are associated with their...

Question 10

The IIA auditing standards are classified into three major categories: ___________________,___________________,and _____________________________.
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The answer of The IIA auditing standards are classified into...

Question 11

Once a fraud is discovered,the focus of the audit changes to an investigation with the primary objective of ___________________________________________________.
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Accepted Answer

The answer of Once a fraud is discovered,the focus of...

Question 12

Compliance auditing refers to the process of ensuring that a company is operating within _________________,___________________,and _________________________.
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Accepted Answer

The answer of Compliance auditing refers to the process of...

Question 13

Internal audit findings should always include ___________________,___________________,___________________,___________________,and ___________________.
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The answer of Internal audit findings should always include ___________________,___________________,___________________,___________________,and...

Question 14

Fraud examination requires the individual to have expertise in ____________________ and ______________________________.
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The answer of Fraud examination requires the individual to have...

Question 15

Few fraud auditors believe in the concept of an "immaterial fraud" because ________________________ and ________________________________________.
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Accepted Answer

The answer of Few fraud auditors believe in the concept...

Question 16

The Single Audit Act requires the auditor to report on ____________________ ___________________,___________________________,and ___________________.
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The answer of The Single Audit Act requires the auditor...

Question 17

Fraud examiners must be concerned with the integrity of the evidence that they find.Preserving the evidence is called
A)expert identification.
B)chain of custody.
C)evidence conservation.
D)admissibility of testimony.

Accepted Answer

Preserving the chain of custody ensures that the evidence is not tampered with or altered in any way and maintains its integrity. This is essential for the evidence to be admissible in court or used in an investigation. Expert identification, evidence conservation, and admissibility of testimony are also important considerations, but chain of custody is specifically focused on protecting the integrity of the evidence.

Question 18

A person testifying about findings during litigation support,application of accounting principles,or application of auditing standards is called a(n)_________________________________.
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The answer of A person testifying about findings during litigation...

Question 19

GAO performs three types of government audits: ___________________,____________________ and ____________________ audits.
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The answer of GAO performs three types of government audits:...

Question 20

____________________ auditing refers to the study of business operations for the purpose of making recommendations about ____________________ and ____________________ use of resources.
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The answer of ____________________ auditing refers to the study of...

Quiz 16: Internal Audits, Governmental Audits, and Fraud Examinations

A fraud examination has four main objectives: (1)determining whether a fraud exists,(2)determining ______,_,and ________________. Question also found in study guide

The Single Audit Act established an annual audit for all __________ and units that spend $_ or more of __________ funds. Question also found in study guide

Generally,fraud examiners are called when a fraud is already known or suspected.The term that means a reason to believe a fraud has occurred is

The _______________ is the federal law that established uniform requirements for audits of federal financial assistance provided to _ and _____ governments. Question also found in study guide

Internal audit reports are usually considered "" until a _____ is performed. Question also found in study guide

Government performance audits determine if ___________ and _. Question also found in study guide

CPAs in public practice most often are involved in governmental audits as a result of responding to an agency's ___________________________________. Question also found in study guide

Benford's Law is used to

Although internal auditors are associated with their employers in the eyes of the public,they seek and independence. Question also found in study guide

The IIA auditing standards are classified into three major categories: _________,_,and _____________________. Question also found in study guide

Once a fraud is discovered,the focus of the audit changes to an investigation with the primary objective of ___________________________________________________. Question also found in study guide

Compliance auditing refers to the process of ensuring that a company is operating within _______,_,and _________________. Question also found in study guide

Internal audit findings should always include _________,_,_,_,and ___________. Question also found in study guide

Fraud examination requires the individual to have expertise in and __________. Question also found in study guide

Few fraud auditors believe in the concept of an "immaterial fraud" because and ________________. Question also found in study guide

The Single Audit Act requires the auditor to report on __________ _,_,and _. Question also found in study guide

Fraud examiners must be concerned with the integrity of the evidence that they find.Preserving the evidence is called

A person testifying about findings during litigation support,application of accounting principles,or application of auditing standards is called a(n)_________________________________. Question also found in study guide

GAO performs three types of government audits: _, and __ audits. Question also found in study guide

auditing refers to the study of business operations for the purpose of making recommendations about and use of resources. Question also found in study guide

Quiz 16: Internal Audits, Governmental Audits, and Fraud Examinations

A fraud examination has four main objectives: (1)determining whether a fraud exists,(2)determining ______________________,_________________________________,and ________________________________. Question also found in study guide

The Single Audit Act established an annual audit for all ____________________ and ____________________ units that spend $_____________________ or more of ____________________ funds. Question also found in study guide

Generally,fraud examiners are called when a fraud is already known or suspected.The term that means a reason to believe a fraud has occurred is

The ___________________ is the federal law that established uniform requirements for audits of federal financial assistance provided to _________ and _________ governments. Question also found in study guide

Internal audit reports are usually considered "____________________" until a _________________________ is performed. Question also found in study guide

Government performance audits determine if _________________________________________________________ and _______________________________________________. Question also found in study guide

CPAs in public practice most often are involved in governmental audits as a result of responding to an agency's ___________________________________. Question also found in study guide

Benford's Law is used to

Although internal auditors are associated with their employers in the eyes of the public,they seek ____________________ and ____________________ independence. Question also found in study guide

The IIA auditing standards are classified into three major categories: ___________________,___________________,and _____________________________. Question also found in study guide

Once a fraud is discovered,the focus of the audit changes to an investigation with the primary objective of ___________________________________________________. Question also found in study guide

Compliance auditing refers to the process of ensuring that a company is operating within _________________,___________________,and _________________________. Question also found in study guide

Internal audit findings should always include ___________________,___________________,___________________,___________________,and ___________________. Question also found in study guide

Fraud examination requires the individual to have expertise in ____________________ and ______________________________. Question also found in study guide

Few fraud auditors believe in the concept of an "immaterial fraud" because ________________________ and ________________________________________. Question also found in study guide

The Single Audit Act requires the auditor to report on ____________________ ___________________,___________________________,and ___________________. Question also found in study guide

Fraud examiners must be concerned with the integrity of the evidence that they find.Preserving the evidence is called

A person testifying about findings during litigation support,application of accounting principles,or application of auditing standards is called a(n)_________________________________. Question also found in study guide

GAO performs three types of government audits: ___________________,____________________ and ____________________ audits. Question also found in study guide

____________________ auditing refers to the study of business operations for the purpose of making recommendations about ____________________ and ____________________ use of resources. Question also found in study guide

A fraud examination has four main objectives: (1)determining whether a fraud exists,(2)determining ______,_,and ________________. Question also found in study guide

The Single Audit Act established an annual audit for all __________ and units that spend $_ or more of __________ funds. Question also found in study guide

The _______________ is the federal law that established uniform requirements for audits of federal financial assistance provided to _ and _____ governments. Question also found in study guide

Internal audit reports are usually considered "" until a _____ is performed. Question also found in study guide

Government performance audits determine if ___________ and _. Question also found in study guide

Although internal auditors are associated with their employers in the eyes of the public,they seek and independence. Question also found in study guide

The IIA auditing standards are classified into three major categories: _________,_,and _____________________. Question also found in study guide

Compliance auditing refers to the process of ensuring that a company is operating within _______,_,and _________________. Question also found in study guide

Internal audit findings should always include _________,_,_,_,and ___________. Question also found in study guide

Fraud examination requires the individual to have expertise in and __________. Question also found in study guide

Few fraud auditors believe in the concept of an "immaterial fraud" because and ________________. Question also found in study guide

The Single Audit Act requires the auditor to report on __________ _,_,and _. Question also found in study guide

GAO performs three types of government audits: _, and __ audits. Question also found in study guide

auditing refers to the study of business operations for the purpose of making recommendations about and use of resources. Question also found in study guide