Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 24)

Page 24 of 47

____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

  1. False shipping slip
  2. False packing slip
  3. Fraudulent inventory slip
  4. False credit slip

Answer(s): B



A variation between the physical inventory and the perpetual inventory totals is called:

  1. Altered inventory
  2. Account receivable
  3. Shrinkage
  4. Write-offs

Answer(s): C



Inventory shrinkage is the unaccounted-for reduction in the company's inventory that does not results from theft.

  1. True
  2. False

Answer(s): B



A running count that records how much inventory should be on hand is referred to:

  1. Altered inventory
  2. Perpetual inventory
  3. Shrinking inventory
  4. Fictitious inventory

Answer(s): B



Page 24 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
Anonymous
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christine commented on May 19, 2024
I have liked the questions shared.
KENYA
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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%.
INDIA
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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
Anonymous
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