Certified Fraud Examiner v5.0 (CFE)

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Total 190 questions

Which of the following offender types in which people who take the money and run away?

  • A. Absconders
  • B. Long-term violators
  • C. Offender types
  • D. None of the above


Answer : A

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

  • A. True
  • B. False


Answer : A

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

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


Answer : D

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:

  • A. Conflict of interest in sale
  • B. Turnaround sale or flip
  • C. Unauthorized sale
  • D. Written sale of unique assets


Answer : B

Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

  • A. Account analysis
  • B. Bank reconciliation
  • C. Check disbursement controls
  • D. Check tampering


Answer : C

According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

  • A. Assets
  • B. Liabilities
  • C. Credentials
  • D. None of above


Answer : A

Which of the following is not the skimming scheme?

  • A. Unrecorded sales
  • B. Fraud & Cost
  • C. Theft of checks through the mail
  • D. Understand sales and receivables


Answer : B

________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

  • A. Deceive
  • B. Delude
  • C. Mislead
  • D. Beguile


Answer : B

Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the companys profits.

  • A. True
  • B. False


Answer : A

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


Answer : B

The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

  • A. Conflict of interest
  • B. Corruption
  • C. Bribery
  • D. Overbilling


Answer : B

________ increase assets and expenses and/or decrease liabilities and/or equity

  • A. Journal Entries
  • B. Debit
  • C. Credit
  • D. None of all


Answer : B

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

  • A. True
  • B. False


Answer : B

Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

  • A. Fraudulent scheme
  • B. Disbursement scheme
  • C. Register scheme
  • D. Force inventory scheme


Answer : C

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


Answer : C

Page:    1 / 13   
Total 190 questions