Acct 567 Devry Week One Homework Essay

2950 Words Feb 11th, 2016 12 Pages
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.

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