FRAUD DETECTION

What is the most likely scenario for a fraud to happen?

• A country with a transparency score of 80

• A country with a transparency score of 10

What are the characteristics of the audit evidence?

• Sufficient, relevant, reliable

• Reliable, verifiable, objective

• Sufficient, relevant, reliable, verifiable, objective

• Sufficient, reliable, objectives

What are the audit techniques auditors may use for cross check info?

• Direct inspection or observation of people

• Review of documents

• Oral written interviews

• All the options above

What an act of fraud involves?

• Beneficial gain, deception, perception

• Intention, Beneficial gain, deception

• Concealment, deliberately, suspicion

Why do people commit fraud? Fraud Triangle

• Pressure, Opportunity, Rationalization

• Deception, opportunity, rationalization

• Perception, incentive, opportunity

• Beneficial Gain, rationalization, intentions

Which of these cases are potential fraud practices?

• Same invoice number for two different invoices

• Mismatching signatures

• Report lab results contain round number

• All the options above

Which of these cases are potential fraud practices?

• Lab results comes from a non-accredited laboratory

• Training records do not have a date

• Font size or type different in the invoice

• All the options above

What is wrong with the record?

• Nothing is wrong

• Handwriting is the same in all the documents due that the manager fills out the info that was provide by the farms, the real source/info is in farm’s notebook

• Same person signed the document (Worker´s signature and Administration signature)

• There is not working break

• B, c, d are correct

What is wrong with the lab results?

• The lab´s logo is not the correct

• There is not signature in the lab result

• The date of the results did not match

This is a shrimp farm; What is wrong with the harvest records?

• The record is an excel file

• There is no name in the record

• Harvest production/quantities are unexpected

• There are no rounder numbers