Free CFE - Law Exam Braindumps (page: 10)

Page 10 of 41

A____________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

  1. Conflict of interest
  2. Illegal sale
  3. Unauthorized purchase
  4. Financial disclosure

Answer(s): A



A scheme is classified as a Conflict of interest:

  1. when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
  2. when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
  3. when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
  4. when a dealer must have some kind of dealership interest in the vendor submitting the stock.

Answer(s): A



The fraudsters' interest lies with an employer other than a company.

  1. True
  2. False

Answer(s): B



A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

  1. Conflict of interest in sale
  2. Turnaround sale or flip
  3. Unauthorized sale
  4. Written sale of unique assets

Answer(s): B



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Bosco Oico commented on December 28, 2024
Yes. i have used this dump for CFE Investigations test yesterday- i found it useful because questions about 60% were closely related and some were exact. The only thing that needs to be improved is the accuracy of the answers. If some one read the CFE manual well, you will notice that some answers as they are answered according to the ACFE standard. So, i encourage anyone using Brain to verify answers, otherwise, its a good source to create confidence and sure pass
UGANDA
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