Review Questions - Part IV Flashcards
1
Q
Internal Audit Activity must evaluate risk exposures EXCEPT
A
Sale of tangible and Intangible assets
2
Q
Individual that combine three elements of Fraud Triangle
A
Fraud risk
3
Q
Corporate culture is MOST effectively assessed using checklists
A
FALSE
4
Q
Organizational/environment factor most present in frauds studied
A
Too much trust in employees
5
Q
Most common occupational fraud
A
Asset Misappropriation
6
Q
A
