Insurance companies often receive electronic hospitalization claims directly from hospitals. Which of the following control procedures would be most effective in detecting fraud in such an environment?
Answer(s): B
During an audit of executive travel, an auditor noted that the president's travel expense reimbursements were approved by an executive secretary who reported to the president. The organization's reimbursement policy requires all travel expense reimbursements to be approved by the traveler's supervisor, but it does not address the president's reimbursements. Which of the following represents the auditor's best recommendation in this situation?
Which of the following, if observed, would not indicate the need to extend the search for other indicators of fraud in a purchasing department?
Answer(s): C
Which of the following does not represent a difficulty in using red flags as fraud indicators?
Answer(s): D
Which of the following might alert an auditor to the possibility of fraud in a division?
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