Jones is interviewing Smith, who is in the middle of confessing to embezzlement. During the confession, Jones notices that several material details do not add up. How should Jones address the discrepancies? A. Address any discrepancies at the end of the verbal confession and correct them int the written confession. B. Address any discrepancies immediately when they occur to avoid further confusion. C. Ignore the discrepancies and omit them from the written confession. D. Ignore the discrepancies and include them in the written confession.

Jones is interviewing Smith, who is in the middle of confessing to embezzlement. During the confession, Jones notices that several material details do not add up. How should Jones address the discrepancies? A. Address any discrepancies at the end of the verbal confession and correct them int the written confession. B. Address any discrepancies immediately when they occur to avoid further confusion. C. Ignore the discrepancies and omit them from the written confession. D. Ignore the discrepancies and include them in the written confession.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter1: Comprehensive Cases

Section1.4: Health Management, Inc.

Problem 1Q

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During the interview of a suspect in an embezzlement case, several common themes are developed that make the offense seem morally acceptable to the suspect. Which of the following is NOT commonly used with embezzlers and other fraud offenders? A. “Borrowing” versus “stealing” B. “Did it for the family” C. “Not being paid enough” D. “Protesting an unjust law”
Which of the following is NOT a possible legal risk that can arise because of a fraud investigation conducted in an improper manner? A. Forcible entry and detainer. B. Invasion of privacy. C. Defamation. D. Malicious prosecution.
During an internal investigation, Black, a Certified Fraud Examiner, interviewed Green, a fraud suspect. Although Green wanted to leave in the middle of the interview, Black blocked the exit and prevented him from leaving. Green subsequently confessed to committing fraud. If, under these facts, Green files a lawsuit for false imprisonment against Black, Black will likely: A. Win the case because the qualified business privilege protects investigators conducting internal investigations. B. Win the case because Green confessed to the fraud. C. Lose the case if a trier of fact concludes that he restrained Green without consent or legal justification. D. Lose the cans because Green did not leave the interview.
Your para-planner sends out unauthorized information to your client. Your client acts on the information. Are you responsible? A. You are responsible only if the client acts on the information. B. You are not responsible because the client never consulted you C. You are not responsible for the para-planner's actions. D. You are responsible
Select the correct answer(s) for the following multiple choice questions. Note that there may be more than one correct answer. In a typical misappropriation, the perpetrator: Gains the trust or confidence of the entity being defrauded. Uses trickery, cunning, or false or misleading information to commit fraud. Does not make an attempts to conceal the fraud. Terminates the fraud as soon as the desired amount of money is taken to avoid detection. Saves a large portion of the stolen money. Gets greedy and takes ever-larger amounts of money or grows careless or overconfident, leading to a mistake that leads to the fraud’s detection.
What are some effective methods that could have helped in dealing with an interview subject from whom you are seeking an admission in reference to fraud?
Boracay wrote a complete promissory note payable to bearer. The note was stolen and his signature forged. It ends up in the hands of a holder in due course. Which of the following is true? a. Boracay is not liable because the forged signature is inoperative. b. Boracay can set up the defense of want of delivery of a complete instrument. c. Boracay is liable because he is an indorser. d. Boracay is liable to a holder in due course.
Audit working papers are the property of the auditors, who may distort the papers, sell them, or give them to third part. Is this statement true or false? Justify with your explanation.
Jones, CPA, is planning the audit of Rhonda’s Company. Rhonda verbally asserts to Jones that all expenses for the year have been recorded in the accounts. Rhonda’s representation in this regarda. Is sufficient evidence for Jones to conclude that the completeness assertion is supported for expenses.b. Can enable Jones to minimize the work on the gathering of evidence to support Rhonda’s completeness assertion.c. Should be disregarded because it is not in writing.d. Is not considered a sufficient basis for Jones to conclude that all expenses have been recorded.
Which of the following is a way to prove that a fraud was intentional? A. Show that the suspect repeatedly engaged in activity of an apparent wrongful nature (pattern evidence). B. Show that the suspect did not personally gain anything from the fraudulent act. C. Show that the suspect had a legitimate motive for their actions at issue. D. Show that the suspects failed to conceal evidence of the fraud.
Under the U.S. Rules of Evidence, a judge may exclude relevant evidence for a variety of reasons. Which of the following is a situation where a judge can refuse to admit relevant evidence? A. The evidence is unduly prejudicial. B. The evidence is hypothetical. C. The evidence might be offensive. D. The evidence is narrative.
is the use of another's original words, arguments, or ideas as though they were your own, even if this is done in good faith, out of carelessness, or out of ignorance. * O Synthesis Fraud Plagiarism Misrepresentation