Free CFEX Exam Braindumps (page: 16)

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Entering a sales total lower than the amount actually paid by the customer is called:

  1. Underrings a sale
  2. Recording a sale procedure
  3. Internal sales audits
  4. All of the above

Answer(s): A



Employees with the authority to grant discounts in order to skim revenues may use which authority?

  1. False discounts
  2. Recording a discount on sale procedure
  3. Internal discount sales audits
  4. None of the above

Answer(s): A



Theft of incoming checks usually occurs when _________is (are) in charge of opening the mail and recording the receipt of payments.

  1. Single employee
  2. Two employees
  3. More then two employees
  4. None of the above

Answer(s): A



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






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