Trivia Flashcards

Which organization publishes the Report to the Nations on Occupational Fraud and Abuse?

Answer: ACFE

The Association of Certified Fraud Examiners (ACFE) publishes the Report to the Nations, the primary global study on occupational fraud.

The 'fraud triangle' concept was originally introduced by which criminologist?

Answer: Donald Cressey

Donald Cressey developed the fraud triangle theory through his study of embezzlers, identifying pressure, opportunity, and rationalization.

According to ACFE research, what percentage of fraud cases are initially detected by tips?

Answer: About 43%

ACFE's Report to the Nations consistently finds that tips are the most common fraud detection method, accounting for roughly 43% of cases.

Which of the following best describes 'lapping' as a fraud scheme?

Answer: Stealing cash and covering it by applying later receipts

Lapping involves stealing a customer's payment and then covering the shortage by posting a subsequent customer's payment to the first account.

What is the primary purpose of a 'hotline' in fraud prevention programs?

Answer: To provide an anonymous channel for reporting suspected fraud

Fraud hotlines give employees and others an anonymous means to report suspected misconduct, which is the most effective fraud detection tool.

In which section of the ACFE's Fraud Examiners Manual would you find guidance on interviewing techniques?

Answer: Investigation

The Investigation section of the Fraud Examiners Manual covers interviewing techniques, evidence gathering, and investigative procedures.

Which fraud scheme involves an employee submitting the same legitimate expense more than once for reimbursement?

Answer: Multiple reimbursement scheme

A multiple reimbursement scheme occurs when an employee submits duplicate copies of the same legitimate receipt to receive double (or more) reimbursement.