Fraud Examination Certification Practice Exam Form
Complete this practice exam to assess your knowledge and readiness for the Fraud Examination Certification. Please answer all questions to the best of your ability.
Which of the following best defines occupational fraud?
*
Fraud committed by employees against their employer
Fraud committed by customers against a business
Fraud committed by vendors against a business
Any intentional act to secure an unfair or unlawful gain
Which of the following is NOT a key component of the fraud triangle?
*
Opportunity
Pressure
Rationalization
Intelligence
A red flag for financial statement fraud includes:
*
Rapid revenue growth with declining cash flows
Consistent profit margins over time
Stable management team
Strong internal controls
Which is the most effective way to prevent fraud in an organization?
*
Implementing a whistleblower hotline
Increasing employee compensation
Hiring more auditors
Installing surveillance cameras
How confident are you in identifying common fraud schemes?
*
Not confident
1
2
3
4
Very confident
5
1 is Not confident, 5 is Very confident
Rate your understanding of internal controls as a fraud prevention tool.
*
1
2
3
4
5
In the context of fraud investigation, which of the following best describes 'evidence'?
*
Any information that supports or refutes an allegation
Only physical documents
Testimonies of suspects
Financial statements only
Please indicate your agreement with the following statements about fraud risk management.
*
Rows
Strongly Disagree
Disagree
Neutral
Agree
Strongly Agree
My organization provides regular fraud awareness training.
1
2
3
4
5
There are clear channels for reporting suspected fraud.
6
7
8
9
10
Management demonstrates ethical leadership.
11
12
13
14
15
Which step comes first in a typical fraud examination process?
*
Planning the investigation
Collecting evidence
Interviewing suspects
Reporting findings
Briefly describe a control or procedure that can help detect fraud in an organization.
*
Submit Exam
Should be Empty: