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Fraud Pop Quiz
Fraud Pop Quiz
Test your IQ on embezzlement and employee theft in our quick 10-question quiz.
1. The median loss to U.S. small businesses (<100 employees) of employee theft is:
a. < $50,000
b. Between $50,000 and $75,000
c. Between $75,000 and $125,000
d. Over $125,000
2. What percentage of revenue is lost to employee theft and occupational fraud each year?
a. 1-3%
b. 4-6%
c. More than 6%
3. Most employee theft is committed by 1st time offenders.
True
False
4. What percentage of your employees is likely to steal?
a. < 10%
b. 10-30%
c. 31-60%
d. 61-90%
e. > 90%
5. If there is little cash coming in to the organization, the risk of theft is low.
True
False
6. Only trusted employees have the opportunity to steal.
True
False
7. Which of these is
NOT
a red flag for fraud or embezzlement?
a. Unwillingness to share duties/defensiveness
b. Submitting checks for signature at the busiest time of day
c. Personal financial difficulties
d. Addiction (drugs, gambling, shopping)
e. “Loss” of supporting documents
f. Infrequent vacations/call in frequently when gone
g. None of the above
8. Most embezzlement schemes in small businesses (< 100 employees) are discovered by:
a. Accident
b. Tip
c. Owner or management review
d. Internal audit
9. Most embezzlement schemes are caught quickly—within a few months.
True
False
10. It is important to trust your employees.
True
False