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
A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:
- A . Bid opening
- B . Fictitious Bidding
- C . Bid pooling
- D . Bid log
Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company’s profits.
- A . True
- B . False
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
- A . Check disbursement
- B . Bank confirmation
- C . Bank confirmation
- D . Cut-off statements
____________ is a process by which a bookkeeper records all transactions and can adjust
the books.
- A . Journal Entries
- B . Accounting Cycle
- C . Financial statement
- D . None of all
The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:
- A . Conflict of interest
- B . Corruption
- C . Bribery
- D . Overbilling
A shell company scheme in which actual goods or services are sold to the victim company is known as:
- A . Maintenance scheme
- B . Allocation scheme
- C . Distribution scheme
- D . Pass-through scheme
How many accounts are affected in fraudulent accounting entries and therefore same
number of categories on the financial statement?
- A . One
- B . At least two
- C . More than two
- D . None of above
Which of the following is NOT the method for stealing inventory and other assets?
- A . Larceny schemes
- B . Asset requisition and transfer
- C . Purchasing and receiving schemes
- D . Sales & Equipment handling
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:
- A . Tangible Assets
- B . Intangible Assets
- C . Forced Assets
- D . None of above
Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:
- A . Account analysis
- B . Bank reconciliation
- C . Check disbursement controls
- D . Check tampering
Latest CFE Financial Transactions and Fraud Schemes Dumps Valid Version with 186 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund
