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

Certified Fraud Examiner -Fraud Schemes and Financial Crimes

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Total Questions : 352

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Question # 101

__________ is required if and when officers, executives, or other persons in trusted positions become subjects of a criminal indictment.

Options:

A.  

Conflict of interest

B.  

Turnaround sale or flip

C.  

Disclosure

D.  

Resource diversion

Discussion 0
Question # 102

Which of the following items do NOT appear on the balance sheet?

Options:

A.  

Owners' equity

B.  

Liabilities

C.  

Expenses

D.  

Assets

Discussion 0
Question # 103

Maria manages the procurement function for ABC Co., which uses a competitive sealed bidding process for its larger projects. Maria receives payment from a company that frequently bids on ABC’s projects in exchange for providing solicitation specifications before the solicitation is published to the public. Maria is engaging in which of the following procurement fraud schemes?

Options:

A.  

Bid tailoring

B.  

Leaking bid data

C.  

Suppressing bids

D.  

Bid splitting

Discussion 0
Question # 104

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

Options:

A.  

Employee theft

B.  

Recorded sales

C.  

Internal audits

D.  

Occupational frauds

Discussion 0
Question # 105

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

Options:

A.  

Comply with debt covenants

B.  

Meet personal performance criteria

C.  

Trigger performance-related compensation

D.  

Show a pattern of growth to support sale of a business

Discussion 0
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