Acca paper F1 fia diploma in Accounting and Business Accountant in Business (AB/fab) exam kit

(2 marks)
 
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PRA CTICE OBJE CTIVE TEST QUESTIONS : 
SECTION 1 
K APLA N PUBLISH ING 
49 
217 Which of the following behaviours is often associated with an employee possibly 
committing fraud? 
A 
Managers and staff having monthly meetings to discuss underperformance 
B 
Employee frequently taking time off work for personal reasons 
C 
A member of the Finance team frequently buying new expensive cars despite only 
earning a moderate salary 
D 
Member of HR team being keen to take part in discussion on staff remuneration 
 
(2 marks) 
218 Which of the following is NOT a control or procedure required by standard money 
laundering legislation? 
A 
Identification of large or unusual transactions 
B 
Taking steps to ensure customers can be identified 
C 
Reporting of all large or unusual transactions to the relevant authorities 
D 
Creation of the role of Nominated Officer
 
(2 marks) 
219 
Money laundering legislation only covers illegally obtained cash and other liquid assets, 
such as short-term investments and bonds. 
Is this statement TRUE or FALSE? 
A True 
B
False 
(1 mark)
220 
Under typical money laundering legislation, the main offences recognised are: placement, 
layering and integration. 
Is this statement TRUE or FALSE? 
A True 
B False 
(1 mark)
221 Lack of control over which of the following activities can lead to the fraudulent activity of 
teeming and lading? 
A Non-current 
asset 
register 
B Budgetary 
system 
C Inventory 
management 
D 
Sales ledger and receipts