ACFE CFE Financial Transactions and Fraud Schemes Certified Fraud Examiner – Financial Transactions and Fraud Schemes Exam Online Training
ACFE CFE Financial Transactions and Fraud Schemes Online Training
The questions for CFE Financial Transactions and Fraud Schemes were last updated at Nov 23,2024.
- Exam Code: CFE Financial Transactions and Fraud Schemes
- Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
- Certification Provider: ACFE
- Latest update: Nov 23,2024
CORRECT TEXT
_________ is defined as a person who works for the victim organization and who is primary
culprit
One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.
- A . True
- B . False
According to Marshall, ______ are probable future economic benefits obtained or
controlled by a particular entity as a result of past transactions or events.
- A . Assets
- B . Liabilities
- C . Credentials
- D . None of above
When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.
- A . True
- B . False
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.
- A . True
- B . False
Physical tampering prevention is a check tampering technique that is used to secure bank assisted controls.
- A . True
- B . False
Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:
- A . Fraudulent statement scheme
- B . Asset misappropriation scheme
- C . Larceny scheme
- D . Register disbursement scheme
People commit financial statement fraud to:
- A . Conceal false business performances
- B . Preserve personal status/control
- C . Maintain personal income
- D . Stand outside the accounting system
Delivery has not occurred or services have not been rendered when:
- A . Until installation and customer testing and acceptance has occurred.
- B . A written order exists but contains a right of return.
- C . Both A & B
- D . Neither A nor B
_____________ involves purposeful misreporting of financial information about the
organization that is intended to mislead those who read it.
- A . Fraudulent statement
- B . Corruption
- C . Asset misappropriations
- D . None of above
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