Question Details

ACCT 345 Chapter 9 Conversion Investigation Methods PART 2


21.	Which of the following is false?
a.	Rarely do perpetrators save what they steal.
b.	Conversion searches are performed to find out more about a suspect's life
c.	Conversion searches are performed to gather evidence to be used in interrogations.
d.	Public records searches are preferred to uncover concealment attempts.



	22.	To find marital and voting records, one would need to look at:
a.	The state attorney general's office
b.	The social security administration office
c.	The county clerk's office
d.	The local courts office



	23.	Funds from unknown sources equals:
a.	Assets - Liabilities.
b.	Net Worth Increase + Living Expenses.
c.	Income - Funds from Known Sources.
d.	Net Worth - Prior Year's Net Worth.



	24.	The Gramm-Leach Bliley Act stipulates the following:
a.	Trash that has not left the possession of a person may not be legally searched.
b.	Credit information about an individual that is furnished to a third party must also be made available to that individual.
c.	Banks may share customers' financial information with others.
d.	None of the above.



	25.	Where can a fraud investigator search for public information without a search warrant?
a.	County and local records
b.	Federal and State records
c.	Financial institution records
d.	Internal Revenue Service records



	26.	The Gramm-Leach Bliley Act prohibits
a.	Telemarketers selling information to corporations
b.	The use of false pretenses to access the personal information of others
c.	Public access to FBI criminal database
d.	None of the Above



	27.	What will perpetrators of fraud almost universally do with their stolen funds?
a.	Invest the stolen funds
b.	Save the funds for emergency retirement, etc.
c.	Spend them
d.	Return them



	28.	To effectively conduct conversion investigations, a fraud examiner must thoroughly understand all of the following except:
a.	How to search federal, state, local and other records for information.
b.	The types of information available from federal, state, and local searches.
c.	The net worth method of spending and analyzing spending information.
d.	The different types of audits that can be conducted



	29.	In calculating the net worth method, you should do the following:
a.	find net worth, find the net worth increase, find Income, find the funds from unknown sources
b.	find net worth, find the net worth decrease, find income, find the funds from known sources
c.	find net worth, find the net worth decrease, find Income, find the funds from unknown sources
d.	find net worth, find the net worth increase, find Income, find the funds from known sources



	30.	Which government agency would provide information that is most useful detecting "dummy doctors"?
a.	Department of business regulation
b.	Secretary of state
c.	Postal service
d.	County clerk



	31.	Public information can be gathered from which of the following sources?
a.	State government
b.	County and local government
c.	Federal government
d.	All of the above



	32.	After 1999, how could you obtain information from a financial institution?
a.	Court Subpoena
b.	Search warrants
c.	False pretenses
d.	Both a and b



	33.	True or false: Federal records are usually more useful than state and local records when investigating fraud.
a.	True
b.	False



	34.	Lexis-Nexis and Dun & Bradstreet are examples of:
a.	Law firms that specialize in fraud prosecution
b.	Publicly available databases
c.	Companies that have committed fraud in the past
d.	Names of legislative bills regarding fraud



	35.	What are the three major credit reporting agencies?
a.	Experian, Equifax, and TransUnion
b.	Providian, Equifax, and TransUnion
c.	Providian, FairIsaac, and Experian
d.	TransUnion, FairIsaac, and Providian



	36.	The ____________ contains information on individuals who may be a threat to national security.
a.	Department of justice
b.	Bureau of prisons
c.	Department of defense
d.	Secret service



	37.	The CIA is responsible to investigate matters:
a.	Inside the United States
b.	Outside the United States
c.	Dealing with the President of the United States
d.	All of the above



	38.	One of the agencies included in the Department of Justice is the:
a.	FBI
b.	Secret Service
c.	CIA
d.	Bureau of Prisons



	39.	Which of the following is/are not federal sources of information?
a.	Central Intelligence Agency
b.	Social Security Administration
c.	Postal Service
d.	Department of Motor Vehicles
e.	All of the above are federal sources of information



	40.	All of the following information can be obtained from an Internet search, except:
a.	Criminal records
b.	How many traffic tickets a person has
c.	Birth records
d.	A perpetrator- purchase of expensive jewelry