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CIS430 Unit
2 Self Quiz C3
Question 1
All the following are factors in the fraud triangle except
Ethical behavior of an individual (rationalization)
Pressure exerted on an individual at home and job related
Materiality of the assets
Opportunity to gain access to assets
Question 2
0 out of 0 points

Correct
Which of the
following best describes lapping?

applying cash receipts to a different customer’s account in
an attempt to conceal previous thefts of funds
inflating bank balances by transferring money among
different bank accounts
expensing an asset that has been stolen
creating a false transaction
Question 3
Skimming involves
Stealing cash from an organization before it is recorded
Stealing cash from an organization after it has been
recorded
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.

Manufacturing false purchase orders, receiving reports, and
invoices
Question 4
Who is responsible for establishing and maintaining the
internal control system?
internal auditor
accountant
management
external auditor
Question 5
Which of the following is not a limitation of the internal
control system?

errors are made due to faulty judgement
fraud occurs because of collusion between two employees
the industry is inherently risky
management override when management instructs the bookkeeper
to make fraudulent journal entries

Question 6
Cash larceny involves
Sestealing cash from an organization before it is recorded
stealing cash from an
organization after it has been recorded
manufacturing false purchase orders, receiving reports, and
invoices
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.

Question 7
What are the five internal control components described in
SAS78/COSO?
Question 8

A key modifying assumption in internal control is that the
internal control system is the responsibility of management.
True
False
Question 9
The The
Sarbanes-Oxley Act requires the audit committee to hire and oversee the
external auditors.

True
False
Question 10

Managers that perpetrate fraud often do so by overriding the
internal control system.
True
False
Question 11
The control enironment is the foundation for an
organization’s internal control.
True
False

CIS430 Unit
2 Self Quiz C3
Question 1
All the following are factors in the fraud triangle except
Ethical behavior of an individual (rationalization)
Pressure exerted on an individual at home and job related
Materiality of the assets
Opportunity to gain access to assets
Question 2
0 out of 0 points

Correct
Which of the
following best describes lapping?

applying cash receipts to a different customer’s account in
an attempt to conceal previous thefts of funds
inflating bank balances by transferring money among
different bank accounts
expensing an asset that has been stolen
creating a false transaction
Question 3
Skimming involves
Stealing cash from an organization before it is recorded
Stealing cash from an organization after it has been
recorded
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.

Manufacturing false purchase orders, receiving reports, and
invoices
Question 4
Who is responsible for establishing and maintaining the
internal control system?
internal auditor
accountant
management
external auditor
Question 5
Which of the following is not a limitation of the internal
control system?

errors are made due to faulty judgement
fraud occurs because of collusion between two employees
the industry is inherently risky
management override when management instructs the bookkeeper
to make fraudulent journal entries

Question 6
Cash larceny involves
Sestealing cash from an organization before it is recorded
stealing cash from an
organization after it has been recorded
manufacturing false purchase orders, receiving reports, and
invoices
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.

Question 7
What are the five internal control components described in
SAS78/COSO?
Question 8

A key modifying assumption in internal control is that the
internal control system is the responsibility of management.
True
False
Question 9
The The
Sarbanes-Oxley Act requires the audit committee to hire and oversee the
external auditors.

True
False
Question 10

Managers that perpetrate fraud often do so by overriding the
internal control system.
True
False
Question 11
The control enironment is the foundation for an
organization’s internal control.
True
False

CIS430 Unit
2 Self Quiz C3
Question 1
All the following are factors in the fraud triangle except
Ethical behavior of an individual (rationalization)
Pressure exerted on an individual at home and job related
Materiality of the assets
Opportunity to gain access to assets
Question 2
0 out of 0 points

Correct
Which of the
following best describes lapping?

applying cash receipts to a different customer’s account in
an attempt to conceal previous thefts of funds
inflating bank balances by transferring money among
different bank accounts
expensing an asset that has been stolen
creating a false transaction
Question 3
Skimming involves
Stealing cash from an organization before it is recorded
Stealing cash from an organization after it has been
recorded
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.

Manufacturing false purchase orders, receiving reports, and
invoices
Question 4
Who is responsible for establishing and maintaining the
internal control system?
internal auditor
accountant
management
external auditor
Question 5
Which of the following is not a limitation of the internal
control system?

errors are made due to faulty judgement
fraud occurs because of collusion between two employees
the industry is inherently risky
management override when management instructs the bookkeeper
to make fraudulent journal entries

Question 6
Cash larceny involves
Sestealing cash from an organization before it is recorded
stealing cash from an
organization after it has been recorded
manufacturing false purchase orders, receiving reports, and
invoices
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.

Question 7
What are the five internal control components described in
SAS78/COSO?
Question 8

A key modifying assumption in internal control is that the
internal control system is the responsibility of management.
True
False
Question 9
The The
Sarbanes-Oxley Act requires the audit committee to hire and oversee the
external auditors.

True
False
Question 10

Managers that perpetrate fraud often do so by overriding the
internal control system.
True
False
Question 11
The control enironment is the foundation for an
organization’s internal control.
True
False

CIS430 Unit
2 Self Quiz C3
Question 1
All the following are factors in the fraud triangle except
Ethical behavior of an individual (rationalization)
Pressure exerted on an individual at home and job related
Materiality of the assets
Opportunity to gain access to assets
Question 2
0 out of 0 points










Correct
Which of the
following best describes lapping?



applying cash receipts to a different customer’s account in
an attempt to conceal previous thefts of funds
inflating bank balances by transferring money among
different bank accounts
expensing an asset that has been stolen
creating a false transaction
Question 3
Skimming involves
Stealing cash from an organization before it is recorded
Stealing cash from an organization after it has been
recorded
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.













Manufacturing false purchase orders, receiving reports, and
invoices
Question 4
Who is responsible for establishing and maintaining the
internal control system?
internal auditor
accountant
management
external auditor
Question 5
Which of the following is not a limitation of the internal
control system?












errors are made due to faulty judgement
fraud occurs because of collusion between two employees
the industry is inherently risky
management override when management instructs the bookkeeper
to make fraudulent journal entries





Question 6
Cash larceny involves
Sestealing cash from an organization before it is recorded
stealing cash from an
organization after it has been recorded
manufacturing false purchase orders, receiving reports, and
invoices
A clerk pays a vendor twice for the same products and cashes
the reimbursement check issued by the vendor.









Question 7
What are the five internal control components described in
SAS78/COSO?
Question 8




A key modifying assumption in internal control is that the
internal control system is the responsibility of management.
True
False
Question 9
The The
Sarbanes-Oxley Act requires the audit committee to hire and oversee the
external auditors.








True
False
Question 10



Managers that perpetrate fraud often do so by overriding the
internal control system.
True
False
Question 11
The control enironment is the foundation for an
organization’s internal control.
True
False









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