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: | 8/4/2015 | Time Spent: | 2 h , 36 min , 17 secs | Points Received: | 152 / 180 (84.4%) | | Question Type: | # Of Questions: | # Correct: | Multiple Choice | 30 | 23 | Essay | 3 | N/A | | |
Grade Details - All Questions |
Page: | 1 2 | Question 1. | Question : | (TCO A) An AICPA committee in 1986 broke forensic accounting into two broad areas: | | | Student Answer: | | Damages and valuation. | | | | Investigative accounting and litigation support. | | | | Accounting and valuation. | |
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| Question : | (TCO A) Elements in the fraud triangle can be restated as all of the following except: | | | Student Answer: | | Individual is either dishonest or able to rationalize theft. | | | | Notices or creates an opportunity to commit fraud. | | | | Generally acts alone, out of embarrassment. | | | | Feels some sort of pressure or incentive to commit fraud. | | | | None of the above ( ) | | Instructor Explanation: | Chapter 3, page 3-16 | | | | Points Received: | 4 of 4 | | Comments: | | | | Question 8. | Question : | (TCO A) Which statement is false? | | | Student Answer: | | SAS No. 99 indicates that auditors must be skeptical. | | | | Skepticism is an attitude that includes a questioning mind and a critical assessment of audit evidence. | | | | SAS No. 99 instructs auditors to question management about possible fraud. | | | | Tests of controls by auditors are sufficient for auditors to catch fraud. | | | | None of the above ( ) | | Instructor Explanation: | Chapter 4, page 4-7 | | | | Points Received: | 4 of 4 | | Comments: | | | | Question 9. | Question : | (TCO A) Which statement is false regarding SAS No. 99? | | | Student Answer: | | SAS No. 99 places more emphasis on misappropriation of assets. | | | | SAS No. 82 was replaced by SAS No. 99.