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

A.  

Annika hires her sister’s band to perform at her company’s holiday party, but she has informed her employer about the relationship.

B.  

Cindy purchases restaurant supplies for her employer from the company her aunt owns, but she has not informed her employer of the relationship.

C.  

Dana works for XYZ Printing Services on weekdays and Marigold Cafe on weekends, but she does not tell either employer about the other job.

D.  

Morgan owns a significant amount of stock in a company she regularly buys her employer’s office supplies from, but her employer is aware of this fact.

A.  

Use stolen identities to make a bankruptcy claim.

B.  

Collude with inventory suppliers to create false invoices.

C.  

Purchase a considerable amount of goods through credit.

D.  

Obtain an insurance policy using illicit assets.

A.  

Harriet owns a significant amount of stock in a company she regularly buys her employer's office supplies from, but her employer is unaware of this fact.

B.  

Robert works for Muir's Printing Services on weekdays and Winsted Café on weekends, but he does not tell either employer about the other job.

C.  

Jennifer is on the board of directors of two companies that compete in the retail market, but she does not tell either company about her role at the other.

D.  

Ernest hires his brother, John, to provide vending services to his employer's lunch areas, but he does not disclose their relationship.

A.  

A material false statement

B.  

Knowledge that the statement was false when it was uttered

C.  

Reliance on the false statement by the victim

D.  

All of the above

A.  

Equity

B.  

Expense

C.  

Revenue

D.  

Income statement

A.  

Do not reuse passwords for more than two accounts.

B.  

Install security updates and patches for personal computers annually.

C.  

Only use email to send personal information when contacting reputable organizations.

D.  

Use biometric authentication when it is available.

A.  

Spies use social engineering tactics primarily for accessing confidential files found on employee desks or workstations at target companies.

B.  

Spies use physical infiltration to exploit technical security weaknesses so they can bypass firewalls and obtain access to company computers.

C.  

Spies use pretexting to observe conversations at restaurants frequented by a target company’s employees with the goal of obtaining sensitive information.

D.  

Spies use technical surveillance to obtain nondocumentary information about target companies that they cannot find through open sources.

A.  

Altered inventory

B.  

Account receivable

C.  

Shrinkage

D.  

Write-offs

A.  

True

B.  

False

A.  

Spies often create counterfeit employee badges to gain entry into a target company.

B.  

Spies often gain direct access to a target company by obtaining employment as a security officer or a member of the maintenance staff.

C.  

Spies primarily use social engineering to search for confidential information on employee desks or workstations at the target company.

D.  

Spies use technical surveillance to obtain nondocumentary information about target companies that cannot be found through open sources.