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Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 16)

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QUESTION: 61

Which of the following are used in a short term skimming scheme?

Unrecorded sales, understated sales and theft of incoming checks
Unrecorded sales, understated sales and dual endorsements
False company accounts, understated sales and theft of incoming checks
Understated sales, theft of incoming checks and check-for-currency substitutions

Answer(s): A

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QUESTION: 62

Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:

Converting stolen checks
Concealing the fraud
Short-term skimming
All of the above

Answer(s): C

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QUESTION: 63

Financial statement fraud is committed by:

Organized criminals
Mid and lower level employees
Senior Management
All of the above

Answer(s): D

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QUESTION: 64

Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

Organized accounting
Playing the accounting
beating accounting
All of the above

Answer(s): B

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Juliet commented on June 14, 2024
Please give questions for Financial Transactions
Anonymous
upvote

christine commented on May 19, 2024
I have liked the questions shared.
KENYA
upvote

Nosheen commented on March 30, 2024
The study guide has covers all the current exam topics. I sat for my test on Friday and passed with 81%.
INDIA
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kevin commented on September 29, 2023
physical tempering techniques
Anonymous
upvote

kevin commented on September 29, 2023
Physical tempering techniques
Anonymous
upvote