accounting-The “Personal Piggy Bank Concept of Leadership” is best characterized

QUESTION

Need this answered within 2 hours, sorry for short notice, will tip nicelyQuestion 2.2.(TCO 1) The “Personal Piggy Bank Concept of Leadership” is best characterized by which of the following? (Points : 7) Greed Arrogance Lack of integrity All of the aboveQuestion 3.3.(TCO 1) The investigation of Adelphia Communications Corporation, found that the executives had looted the company of more than what amount? (Points : 7) $10 billion $1 billion $18.6 billion $5 billionQuestion 4.4.(TCO 1) The Mail Fraud Statute was enacted by Congress due to a proliferation of what kind of fraud schemes? (Points : 7) Corporate frauds Health care frauds Consumer mail-order frauds Embezzlement by postal employees Question 5.5.(TCO 2) Two of the three elements of Dr. Donald Cressey’s Fraud Triangle are Opportunity and Rationalization. What is the third element? (Points : 7) Greed Addiction Motive DenialQuestion 6.6.(TCO 2) Vicarious liability is best described as: (Points : 7) Liability for the criminal acts of a company’s employees Product tampering Bankruptcy term None of the aboveQuestion 7.7.(TCO 2) Edwin Sutherland is best known for coining what term? (Points : 7) Occupational Fraud White-Collar Crime Feeding Frenzy of Fraud Organized Crime Question 8.8.(TCO 2) The Association of Certified Fraud Examiners’ 2004 Report to the Nation on Occupational Fraud and Abuse found that: (Points : 7) Small companies are better protected from fraud than larger companies The fraud loss amount is directly related to the position of the perpetrator Most occupational fraudsters are repeat offenders All of the above are trueQuestion 9.9.(TCO 3) Which of the following are elements of an effective internal control environment as defined by COSO? (Points : 7) Monitoring Risk assessment Information and communication All of the aboveQuestion 10.10.(TCO 3) In the timeline of corporate compliance initiatives and milestones, what was the first one that helped set the standards for future compliance? (Points : 7) Federal Sentencing Guidelines for Organizational Crime Committee of Sponsoring Organizations SAS 99 Sarbanes-Oxley ActQuestion 11.11.(TCO 3) The Treadway Commission reviewed numerous instances of what type of fraud in coming to the conclusions outlined in their report?(Points : 7) Asset misappropriation schemes Fraudulent financial reporting Bribery and corruption schemes Insider tradingQuestion 12.12.(TCO 3) The requirement to reimburse a company for any bonuses or other compensation received during the 12-month period following the restatement of financials as a result of misconduct, is called: (Points : 7) Disgorgement Executive penalty Insider trading Corporate accountabilityQuestion 13.13.(TCO 4) SAS 99 requires an auditor to consider various fraud risks, including which of the following? (Points : 7) Type, significance, likelihood, and pervasiveness of the fraud risk Significance, likelihood, and pervasiveness of the fraud risk Significance and pervasiveness of the fraud risk Type, significance, likelihood, pervasiveness, and amount of the fraud riskQuestion 14.14.(TCO 4) Which is an incorrect statement about the PCAOB’s Center for Enforcement, Tips, Complaints, and Other Information? (Points : 7) It provides individuals with the ability to file a complaint on potential violations by public accounting firms. It maintains a hotline. It is a government agency within the SEC. It is a private sector corporation.Question 15.15.(TCO 4) In a Robert Half International survey of CFOs from private companies regarding consideration to implementing new accounting practices resulting from the Sarbanes-Oxley Act, what percentage said they were adopting these practices?(Points : 7) 58% 42% 75% 27%

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