Free CFEX Exam Braindumps (page: 17)

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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



In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.

  1. Organized accounting
  2. Playing the accounting
  3. Beating accounting
  4. Outside accounting system

Answer(s): D






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