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

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

Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

The difference between assets and liabilities is called:

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

Which of the following is true for Red flags associated with fictitious revenues?

__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.

Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

A running count that records how much inventory should be on hand is referred to:

Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

__________ are the amounts which are owned to other entities:

When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:

Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

Which of the following is NOT the reason why senior management will overstate business statement?

Which counts sometimes can give rise to inventory theft detection?

The most basic skimming scheme occurs when:

___________ and __________ are used to increase (or decrease) the equity account.

In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.

According to Hollinger and Clark for Policy development, management must pay attention to:

Entering a sales total lower than the amount actually paid by the customer is called:

The most common method for billing scheme is:

By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.

When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to: