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
The behavior profile of employees who are involved in bribery schemes may include:
- A . Gambling habit
- B . Extravagant lifestyle
- C . Drug and/or alcohol addiction
- D . All of the above
________ increase assets and expenses and/or decrease liabilities and/or equity
- A . Journal Entries
- B . Debit
- C . Credit
- D . None of all
A voucher is:
- A . a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.
- B . a figure that includes the sale order that was send to the dealer, the vendor invoice
listing the cost and quantity of items sold, and the internal receiving reports that verify the
purchased items have been delivered. - C . a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.
- D . a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:
- A . Inventory larceny scheme
- B . Asset receiving scheme
- C . Fraudulent purchase
- D . Falsify shipping
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
- A . Endorse check scheme
- B . Legitimate check scheme
- C . Payable check scheme
- D . Concealed check scheme
Employees with the authority to grant discounts in order to skim revenues may use which authority?
- A . False discounts
- B . Recording a discount on sale procedure
- C . Internal discount sales audits
- D . None of the above
Skimming is:
- A . The removal of cash from a victim entity prior to its entry in an accounting system.
- B . The addition of cash from a victim entity prior to its entry in an accounting system.
- C . The removal of cash from a victim entity after its entry in an accounting system.
- D . None of above
The principal way to detect omitted credits from books of account is through:
- A . Forced Balance
- B . Trend analysis
- C . Expense account
- D . None of all
CORRECT TEXT
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or
sample) of those documents.
Which of the following offender types in which people who take the money and run away?
- A . Absconders
- B . Long-term violators
- C . Offender types
- D . None of the above
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