Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 65pass65

CFE-Fraud-Schemes-and-Financial-Crimes Certified Fraud Examiner -Fraud Schemes and Financial Crimes is now Stable and With Pass Result | Test Your Knowledge for Free

Exams4sure Dumps

CFE-Fraud-Schemes-and-Financial-Crimes Practice Questions

Certified Fraud Examiner -Fraud Schemes and Financial Crimes

Last Update 5 days ago
Total Questions : 352

Dive into our fully updated and stable CFE-Fraud-Schemes-and-Financial-Crimes practice test platform, featuring all the latest Certified Fraud Examiner exam questions added this week. Our preparation tool is more than just a ACFE study aid; it's a strategic advantage.

Our free Certified Fraud Examiner practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about CFE-Fraud-Schemes-and-Financial-Crimes. Use this test to pinpoint which areas you need to focus your study on.

CFE-Fraud-Schemes-and-Financial-Crimes PDF

CFE-Fraud-Schemes-and-Financial-Crimes PDF (Printable)
$54.25
$154.99

CFE-Fraud-Schemes-and-Financial-Crimes Testing Engine

CFE-Fraud-Schemes-and-Financial-Crimes PDF (Printable)
$59.5
$169.99

CFE-Fraud-Schemes-and-Financial-Crimes PDF + Testing Engine

CFE-Fraud-Schemes-and-Financial-Crimes PDF (Printable)
$74.55
$212.99
Question # 91

The most basic skimming scheme occurs when:

Options:

A.  

An employee sells goods or services to a customer, collects the customer’s payment, but makes no record of the sale.

B.  

An employee buys goods or services from a customer, drops the customer’s payment, but makes no record of the purchase.

C.  

An employee sells goods or services to a stakeholder, collects the stakeholder’s payment and makes record of the sale too.

D.  

An employee buys goods or services from a stakeholder, drops the stakeholder’s payment and makes record of the purchase too.

Discussion 0
Question # 92

Which of the following is a recommended activity that organizations should engage in to protect their proprietary information from threats?

Options:

A.  

Enlisting a task force to identify the information security practices of competitors

B.  

Prohibiting all nonemployees from entering the organization’s premises

C.  

Maximizing data collection to limit the information available during a data breach

D.  

Conducting confidential meetings in specially constructed quiet rooms

Discussion 0
Question # 93

____________ is a summary of the account balances carried in a ledger.

Options:

A.  

Balance sheet

B.  

Income statement

C.  

Financial statement

D.  

General journal

Discussion 0
Question # 94

Which of the following statements is TRUE regarding income statements?

Options:

A.  

Gross revenue is the total amount of sales after deductions are applied.

B.  

Net profit is a company's earnings before operating expenses have been deducted.

C.  

Gross profit is the difference between net sales and cost of goods sold.

D.  

A company's operating expenses are usually listed as the first line item.

Discussion 0
Question # 95

_________ is defined as a person who works for the victim organization and who is the primary culprit.

Options:

Discussion 0
Question # 96

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):

Options:

A.  

Fraudulent billing scheme

B.  

Diverted revenue scheme

C.  

Ghost payee scheme

D.  

Electronic payment tampering scheme

Discussion 0
Question # 97

Which of the following can constitute a bribe, even if the illicit payment is never actually made?

Options:

A.  

Offering a payment

B.  

Corruption in payment

C.  

Kickback payment

D.  

Overbilling in payment

Discussion 0
Question # 98

Which of the following is a method that a fraudster might use to conceal inventory shrinkage?

Options:

A.  

Selling merchandise without recording the sale

B.  

Writing off stolen inventory as scrap

C.  

Falsely increasing the perpetual inventory record

D.  

All of the above

Discussion 0
Question # 99

Henrietta works at XYZ Corporation, managing one of several large facilities. Henrietta conspires with a local contractor who offers highly specialized pest control services for an invasive species of beetle. Henrietta creates false reports of beetle sightings at her facility and presents them to XYZ management, convincing them to procure the services of the local contractor. In exchange for the business, Henrietta receives a sum of money from the contractor. Henrietta is MOST LIKELY engaging in which of the following procurement fraud schemes?

Options:

A.  

Bid tailoring

B.  

Need recognition

C.  

Nonconforming services

D.  

Bid manipulation

Discussion 0
Question # 100

A fraudster is MOST LIKELY to take which of the following actions during an account takeover scheme?

Options:

A.  

Disabling multifactor authentication immediately after gaining access to an account

B.  

Placing orders for products using financial information that is stored on an account holder’s overtaken account

C.  

Trying to breach an individual’s account in one attempt to avoid activating alerts regarding fraudulent activity

D.  

Leaving the contact information for an overtaken account unchanged

Discussion 0
Get CFE-Fraud-Schemes-and-Financial-Crimes dumps and pass your exam in 24 hours!

Free Exams Sample Questions