Phil O'Hara Is an Internal Auditor for the Shield Corporation

question 13

Multiple Choice

Phil O'Hara is an internal auditor for the Shield Corporation. Recently he ran a report that listed payments to employees for business expenses that occurred while the employee was on vacation. What type of fraud scheme is Phil most likely to find?

• A) Cash larceny
• B) Forged expenses
• C) Overstated expense reimbursement
• D) Mischaracterized expense reimbursement

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Definitions:

Endowments

Financial assets donated to institutions or individuals, often aimed at supporting ongoing funding needs.

Control Processes

Psychological mechanisms that help an individual regulate their thoughts, feelings, and behaviors in pursuit of their goals.

Total Immersion Approach

A method of language teaching where learners are placed in an environment where only the target language is spoken, to encourage rapid learning.

Bilingual Schooling

An educational approach where students are taught curriculum content in two languages, aiming to develop fluency and literacy in both.