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Free CFEX Exam Braindumps (page: 15)

Page 14 of 41
PDF with 162 Questions

The most basic skimming scheme occurs when:

  1. An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
  2. An employee buy goods or services from a customer, drop the customer's payment, but makes no record of the purchase.
  3. An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
  4. An employee buy goods or services from a stakeholder, drop the stakeholder's payment and makes record of the purchase too.

Answer(s): A



The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect ________.

  1. Employee theft
  2. Recorded sales
  3. Internal audits
  4. Occupational frauds

Answer(s): A



The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

  1. Revenue sources
  2. Recorded sales
  3. Internal audits
  4. Register manipulations

Answer(s): A



What can make it easy for an employee to skim sales or receivables?

  1. Revenue sources and recording procedures
  2. Poor collection and recording procedures
  3. Internal audits and recording procedures
  4. Register manipulations and recording procedures

Answer(s): B






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