CFE-Financial-Transactions-and-Fraud-Schemes Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Questions and Answers

A journal in which all sales made on credit or cash are listed is:

Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.

Which counts sometimes can give rise to inventory theft detection?

The seller’s price to the buyer is not fixed or determinable when:

Which of the following is NOT the example of bribery prevention policies?

The most common method for billing scheme is:

Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

__________ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.

__________ can be defined as conduct detrimental to the organization and to the employee.

Skimming is:

A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

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.

The fraudsters’ interest lies with an employer other than a company.

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:

Which of the following is NOT the aspect of inventory purchase?

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

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:

Which of the following is NOT standard of generally accepted accounting principles?

______________ can be detected by closely examining the documentation submitted with the cash receipts.

When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to: