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Free CFE - Financial Transactions and Fraud Schemes Exam Braindumps (page: 19)

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QUESTION: 69

"Anticipate possible losses and omit potential profits", this results in:

Asymmetrical accounting
Symmetrical accounting
Playing accounting
Bearing accounting

Answer(s): A

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QUESTION: 70

People commit financial statement fraud to:

Conceal false business performances
Preserve personal status/control
Maintain personal income
Stand outside the accounting system

Answer(s): B

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QUESTION: 71

Which of the following is NOT the reason why senior management will overstate business statement?

Comply with debit covenants
Meet personal performance criteria
Trigger performance related compensation
Show a pattern of growth to support sale of a business

Answer(s): A

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QUESTION: 72

_________ assumes the business will go on indefinitely in the future.

Materiality
Going concern
Cost
Fair value

Answer(s): B

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CFE - Financial Transactions and Fraud Schemes Discussions & Posts

Juliet Commented on December 31, 2024
Please give questions for Financial Transactions
Anonymous

christine Commented on December 05, 2024
I have liked the questions shared.
KENYA

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

kevin Commented on September 29, 2023
Physical tempering techniques
Anonymous

kevin Commented on September 29, 2023
physical tempering techniques
Anonymous