Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 20)

Page 20 of 47

The principle behind full disclosure is:

  1. Any material deviation from GAAP must be explained to the reader of the financial information.
  2. Any material deviation from SAS must be explained to the writer oh the financial information.
  3. Any material deviation from GAAP must be explained to writer of the financial information.
  4. None of above

Answer(s): A



Which of the following factors is NOT included in most financial statement schemes?

  1. Fictitious revenues
  2. Persuasive Evidence
  3. Concealed liabilities and expenses
  4. Improper asset valuations

Answer(s): B



How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

  1. One
  2. At least two
  3. More than two
  4. None of above

Answer(s): A



_________ revenues involve the recording sales of goods or services hat did not occur.

  1. Fictitious or fabricated revenues
  2. Financial revenues
  3. Red flag revenues
  4. Concealed revenues

Answer(s): A



Page 20 of 47



Post your Comments and Discuss ACFE CFE - Financial Transactions and Fraud Schemes exam with other Community members:

Juliet commented on June 14, 2024
Please give questions for Financial Transactions
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christine commented on May 19, 2024
I have liked the questions shared.
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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%.
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kevin commented on September 29, 2023
physical tempering techniques
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kevin commented on September 29, 2023
Physical tempering techniques
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