[Q28-Q46] Verified CFE-Financial-Transactions-and-Fraud-Schemes dumps Q&As - Pass Guarantee Exam Dumps Test Engine [2021]

Verified CFE-Financial-Transactions-and-Fraud-Schemes dumps Q&As - Pass Guarantee Exam Dumps Test Engine [2021]

CFE-Financial-Transactions-and-Fraud-Schemes dumps and 160 unique questions

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Syllabus Topics:

Topic	Details
Topic 1	Demonstrate knowledge of tracing illicit transactions, evaluating deception and report writing
Topic 2	Demonstrate knowledge of criminal and civil law, rules of evidence, rights of the accused and accuser, and expert witness matters
Topic 3	Demonstrate knowledge of interviewing, taking statements, obtaining information from public records|
Topic 4	Demonstrate knowledge of fraud risk assessment, and the ACFE Code of Professional Ethics.
Topic 5	Demonstrate knowledge of Fraud Prevention and Deterrence
Topic 6	Tests your comprehension of the types of fraudulent financial transactions incurred in accounting records
Topic 7	Demonstrate knowledge of the fraud schemes, internal controls to deter fraud and other auditing and accounting matters
Topic 8	Ensures the familiarity with the many legal ramifications of conducting fraud examinations
Topic 9	Demonstrate knowledge of crime causation, white-collar crime, occupational fraud, fraud prevention
Topic 10	Tests your understanding of why people commit fraud and ways to prevent it
Topic 11	Financial Transactions & Fraud Schemes Demonstrate knowledge of the basic accounting and auditing theory

 

NEW QUESTION 28
__________ can be defined as conduct detrimental to the organization and to the employee.

• A. Employee deviance
• B. All of the above
• C. Employee fraud
• D. Employee theft

Answer: A

 

NEW QUESTION 29
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. True
• B. False

Answer: B

 

NEW QUESTION 30
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.

• A. True
• B. False

Answer: B

 

NEW QUESTION 31
When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.

• A. True
• B. False

Answer: B

 

NEW QUESTION 32
Conflict of interest cases are more easily prevented than detected.

• A. True
• B. False

Answer: A

 

NEW QUESTION 33
Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

• A. True
• B. False

Answer: B

 

NEW QUESTION 34
Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.

• A. True
• B. False

Answer: A

 

NEW QUESTION 35
A shell company scheme in which actual goods or services are sold to the victim company is known as:

• A. Maintenance scheme
• B. Pass-through scheme
• C. Distribution scheme
• D. Allocation scheme

Answer: B

 

NEW QUESTION 36
In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

• A. Solicitation
• B. Need recognition
• C. Submission
• D. False specification

Answer: A

 

NEW QUESTION 37
Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:

• A. Larceny scheme
• B. Asset misappropriation scheme
• C. Register disbursement scheme
• D. Fraudulent statement scheme

Answer: C

 

NEW QUESTION 38
A typical issue involving material and fraud would be:

• A. Misappropriations
• B. Civil lawsuit
• C. Fraudulent statement
• D. Quality control

Answer: A

 

NEW QUESTION 39
According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:

• A. Services has been rendered
• B. Persuasive evidence of an arrangement exists
• C. Timings have been met
• D. Collectability is reasonably assured

Answer: C

 

NEW QUESTION 40
Financial statement fraud is committed by:

• A. Mid and lower level employees
• B. All of the above
• C. Organized criminals
• D. Senior Management

Answer: B

 

NEW QUESTION 41
The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

• A. Internal audits
• B. Occupational frauds
• C. Recorded sales
• D. Employee theft

Answer: D

 

NEW QUESTION 42
According to a survey, in principal perpetrator, males in a majority of cases, accounting for ___ percent of frauds versus ___ percent in which a female was the primary culprit.

• A. None of the above
• B. 61 versus 39
• C. 62 versus 36
• D. 62 versus 37

Answer: B

 

NEW QUESTION 43
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

• A. Register manipulations
• B. Internal audits
• C. Revenue sources
• D. Recorded sales

Answer: C

 

NEW QUESTION 44
The most common method of detection in corruption cases is:

• A. Internal audits
• B. Internal controls
• C. By accident
• D. Tips

Answer: D

 

NEW QUESTION 45
Entering a sales total lower than the amount actually paid by the customer is called:

• A. All of the above
• B. Underrings a sale
• C. Internal sales audits
• D. Recording a sale procedure

Answer: B

 

NEW QUESTION 46
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