ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes - CFE-Fraud-Schemes-and-Financial-Crimes FREE EXAM DUMPS QUESTIONS & ANSWERS
Which of the following statements regarding measures for detecting a cash larceny scheme is MOST ACCURATE?
Correct Answer: C
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Which of the following measures is a best practice for preventing expense reimbursement schemes?
Correct Answer: B
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Which of the following items do NOT appear on the balance sheet?
Correct Answer: C
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Which of the following is a red flag that might indicate the existence of a need recognition scheme?
Correct Answer: B
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Which of the following is NOT the reason why senior management will overstate business statements?
Correct Answer: B
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Which of the following measures would be MOST EFFECTIVE for insurance companies to take to prevent fraud?
Correct Answer: A
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_________ revenues involve the recording of sales of goods or services that did not occur.
Correct Answer: C
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A tangible asset is one which is:
Correct Answer: D
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Carl, an information technology (IT) employee at ABC Company, steals an accounting employee's login credentials for the company's online banking portal. Carl then sets up a recurring payment to a bank account that he owns under a different name. Carl has MOST LIKELY committed a(n):
Correct Answer: D
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Which of the following is NOT a method for stealing inventory and other assets?
Correct Answer: C
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Which of the following is the criterion for bid solicitation?
Correct Answer: C
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A typical issue involving materiality and fraud would be:
Correct Answer: C
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If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referred to as:
Correct Answer: B
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Which of the following is a reason why prepaid debit and gift card fraud schemes are appealing to fraudsters?
Correct Answer: D
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A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:
Correct Answer: A
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