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
The _______________ cost method of pricing would carry an asset’s value on the financial
statements as what it would currently cost, considering inflation.
The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:
- A . Bogus claims
- B . Billing scheme
- C . Reliance billing
- D . Misappropriate claims
The most common method for billing scheme is:
- A . Register
- B . Tips
- C . Accident
- D . None of the above
CORRECT TEXT
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Which of the following method is NOT used to detect conflicts of interest?
- A . Tips & Complaints
- B . Review of vendor ownership files
- C . Underbillings of assets
- D . Interviews with purchasing personnel
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?
- A . Voided checks
- B . Payable checks
- C . Missing checks
- D . Duplicate checks
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
- A . High-resolution sprays
- B . Holographic safety inks
- C . Watermark backers
- D . Chrome coloring
Physical assets including _________ and ________ are the most commonly
misappropriated noncash asset in our study.
- A . Interest & Collusion
- B . Inventory & Equipment
- C . Inventory & Purchase
- D . Sales & Equipment
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
__________ can be defined as conduct detrimental to the organization and to the
employee.
- A . Employee deviance
- B . Employee theft
- C . Employee fraud
- D . All of the above
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