41. Tyco executive Dennis Kozlowski treated his company as a personal piggy bank.
42. Falling reserves for bad debts in relation to accounts receivable may falsely boost revenues.
43. Analytics can tell you where to go to audit and for what to search.
44. Ratio analysis is a subset of trend analysis that can be used to compare relationships among financial statements accounts over time to find the fakes.
45. Combining a restricted fund account in a government entity with the general fund would be an example of a “big bath.”
46. A significant deficiency or material weakness that is corrected before the balance sheet date does not need to be reported in the external auditor's report.
47. In SAS No. 99, brainstorming is now a required procedure to generate ideas about how fraud might be committed and concealed within an entity.
48. When using round-robin brainstorming, everyone in the room sits in a circle and shouts out ideas while someone writes them down.
49. The equity method is a technique used to hide debts or liabilities from the balance sheet.
50. An interview and an interrogation are the same thing.
