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

A.  

Journal Entries

B.  

Out-of-balance

C.  

False debits

D.  

None of all

A.  

The entity’s website lists a prospectus for each security.

B.  

The entity has a history of regulatory filings.

C.  

The entity has a lack of customer complaints.

D.  

The entity’s promoters have unexplained gaps in their work history.

A.  

Staged theft scheme

B.  

Paper property scheme

C.  

Inflated theft scheme

D.  

Inflated inventory scheme

A.  

Bribery, economic extortion, illegal gratuities, and conflicts of interest

B.  

Corruption, bribery, economic extortion, conflicts of interest

C.  

Overbilling, bribery, bid-rigging, and illegal gratuities

D.  

Economic extortion, bribery, illegal gratuities, and corruption

A.  

Interest & Collusion

B.  

Inventory & Equipment

C.  

Inventory & Purchase

D.  

Sales & Equipment

A.  

Firewalls

B.  

Application security

C.  

Cipher locks

D.  

Data classification

A.  

A contractor rewards a government employee with concert tickets after winning a contract with their agency.

B.  

A driver caught violating the speed limit offers a law enforcement officer payment to avoid receiving a speeding ticket.

C.  

A judge threatens to rule against a defendant during a judicial proceeding unless the defendant pays them money.

D.  

A purchasing employee and vendor agree to bill the employee’s company for services that the vendor did not provide.

A.  

The hologram on payment cards is relatively simple to reproduce.

B.  

The production of counterfeit payment cards is too complicated for the use of high-speed printers.

C.  

Counterfeit payment cards can be created with blank plastic cards.

D.  

All of the above are true statements about counterfeit payment cards.

A.  

Establish a policy that only requires employees to submit supporting documentation for their expenses if they fall into certain high-risk categories.

B.  

Provide employees with cash advances to limit the amount of funds that could be misappropriated.

C.  

Inform employees that expense reports will be periodically audited to ensure they meet the company’s guidelines.

D.  

Ask employees to submit their expense reports directly to the department that processes reimbursements without manager review.

A.  

Fraudulent statement

B.  

Corruption

C.  

Asset misappropriations

D.  

None of the above