Which of the Following Was Not a Finding of the ACFE

question 63

Multiple Choice

Which of the following was not a finding of the ACFE 2014 Report to the Nation on Occupational Fraud?

• A)Fraud is more likely to be detected by tips than any other way
• B)Frauds lasted a medium of 18 months before detection
• C)Asset misappropriation schemes was the most common type of occupational fraud
• D)External auditors discover about 10 percent of the frauds

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Definitions:

Risk Premium

The additional return over the risk-free rate demanded by investors for taking on a higher level of risk.

Beta

A measure of a security's volatility in relation to the overall market; a beta above 1 indicates higher than market average volatility.

Risk-Free Rate

The expected return on an investment that carries no risk, frequently indicated by government bond yields.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, used widely in statistics to quantify the degree of difference.