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  5. CFE - Financial Transactions and Fraud Schemes

Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 17)

Page 16 of 47
PDF with 192 Questions

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

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

Answer(s): A



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

  1. Converting stolen checks
  2. Concealing the fraud
  3. Short-term skimming
  4. All of the above

Answer(s): C



Financial statement fraud is committed by:

  1. Organized criminals
  2. Mid and lower level employees
  3. Senior Management
  4. All of the above

Answer(s): D



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

  1. Organized accounting
  2. Playing the accounting
  3. beating accounting
  4. All of the above

Answer(s): B






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