Webclass 57: How can internal audit help set-up a fraud prevention system?

Q1. What are the three main steps, according to Claire for setting up a fraud prevention system?

Risk analysis & requirements understanding, data analytics & whistleblower set-up, continuous monitoring

Correct Incorrect Correct answer

Data analytics, risk analysis and auditing

Correct Incorrect Correct answer

Q2. Why is Workflow management important?

Because helps to assign exception reports to individuals and incite them to review them as well as enabling management oversight of the process

Correct Incorrect Correct answer

Because it helps the creation of the data analytics tests

Correct Incorrect Correct answer

Q3. If you have QLIK Sense, is it possible to set-up Workflow management?

Yes, you can set it up using the VizLib extension

Correct Incorrect Correct answer

No, you need to use SAP Analytics Cloud, Diligent's Highbond platform or something similar

Correct Incorrect Correct answer

Q4. What is “writeback”?

When we are able to make comments, categorize, etc the data results

Correct Incorrect Correct answer

When we are able to send results to our colleagues

Correct Incorrect Correct answer

Q5. Why is Writeback useful for data visualizations?

Because it encourages interaction with the data analytics and enables you to be able to classify the results in terms of risk, etc

Correct Incorrect Correct answer

Because it enables you to send results to your colleagues for review

Correct Incorrect Correct answer

Q6. What framework did we use to map to the Chinese law during the webclass?

The ACFE Fraud Tree

Correct Incorrect Correct answer

The FCPA law

Correct Incorrect Correct answer

Q7. In China can CEOs go to prison if their staff carries out bribery to other businesses?

Yes

Correct Incorrect Correct answer

No

Correct Incorrect Correct answer

Q8. In China can CEOs go to prison if a travel agent gives hospitality gifts to customers on behalf of the company?

Yes, if it can be shown that an unfair commercial advantage was obtained

Correct Incorrect Correct answer

No, because it is the agent and not the company directly

Correct Incorrect Correct answer

Q9. Should we consider local law when deciding on how to adapt the fraud prevention program of the Group?

Most of those on the webclass would say yes

Correct Incorrect Correct answer

Most of those on the webclass would say no

Correct Incorrect Correct answer

Q10. When creating training for fraud prevention, why might it be a good idea to take examples of local cases?

To create awareness of the actual risks facing the local teams

Correct Incorrect Correct answer

Because we should only consider local law for corruption

Correct Incorrect Correct answer

Webclass 57: How can internal audit help set-up a fraud prevention system?

Webclass 57: How can internal audit help set-up a fraud prevention system?

admin June 9, 2026

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question

9. Question

10. Question