DCI 4343 FRAUD INVESTIGATION (JUN-OCT 24)_CHAPTER 1-4

Which of the following best describe fraud?

• The taking of another person's personal property with the intent of depriving that person of the use of their property.

• An agreement between two or more people to commit an illegal act, along with an intent to achieve the agreement's goal.

• Any intentional act to deceive others, resulting in a victim suffering a loss and the perpetrator achieving a gain.

• The act of getting something, especially money, by force or threats

The following are the elements of fraud under the Fraud Triangle EXCEPT

• Motivation

• Misappropriation

• Opportunity

• Rationalization

Submitting false timesheets in order to pay someone more that they earned refers to ________.

• cash misappropriation

• accounting anomalies

• tax fraud

• payroll fraud

What is the limitation period to bring action against any criminal offences in Malaysia?

• 6 years

• No limitation period

• 3 years

• 12 years

The following are the possible reasons for not detecting fraud in an organization EXCEPT

• Weak internal control in an organization

• Lack of technology that hinder an organization to detect fraud

• Complexity of fraud schemes which make it difficult to detect fraud

• Employees are sufficiently trained and educates on potential fraud

Which of the following is the principal legislation governing criminal offences relating to fraud?

• Contract Act 1950

• Security Offences (Special Measures) Act 2012

• Penal Code

• Banking and Financial Institutions Act 1989

The following are the importance of conducting fraud risk assessment EXCEPT

• Improve communication and awareness about fraud

• Develop plans to mitigate fraud risk

• Identify where the company is most vulnerable to fraud

• Arrest the offender and bring him before the court

The following are the CORRECT steps in conducting fraud risk assessment EXCEPT

• Define the objective and scope of the assessment

• Review historical fraud data and incidents to identify patterns and trends

• Assess the likelihood and potential impact of identified fraud risks

• Terminate the employees whom suspicious of committing fraud

Which of the following is the responsibility of Human Resource department in prevention and detection of fraud?

• Conduct background checks on potential employees

• Establish a culture of integrity and ethical conduct within the organization

• Conduct independent reviews and audits to identify potential fraud risks

• Implement technology-based fraud detection tools

How can employees contribute in preventing fraud in an organization?

• Avoid being in a close relationship with those suspicious of committing fraud

• Avoid monopolizing shared resources such as printers

• Comply with anti-fraud policies and participate in training programs to increase awareness of fraud risks

• Adhere to office etiquette and professionalism