Financial CFEX Exam
Certified Fraud Examiner (CFEX) (Page 2 )

Updated On: 19-Jan-2026

__________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

  1. Deceive
  2. Delude
  3. Mislead
  4. Beguile

Answer(s): B



Which of the following search is used for unusually high incidence of returns and allowances scheme?

  1. Allowances by vendors
  2. Disposals of allowances than reorders
  3. Returns and allowances
  4. None of the above

Answer(s): C



Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

  1. Proper documentation, segregation of duties, independent checks and physical safeguards
  2. Proper documentation, segregation of duties, independent checks and inventory control
  3. Proper documentation, physical padding, independent checks and physical safeguards
  4. prenumbered affiliations, segregation of duties, independent checks and physical safeguards

Answer(s): A



The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

  1. Conflict of interest
  2. Corruption
  3. Bribery
  4. Overbilling

Answer(s): B



Which of the following are the classifications for the Corruption?

  1. Bribery, economic extortion, illegal gratuities and conflicts of interest
  2. Corruption, bribery, economic extortion, conflicts of interest
  3. Overbilling, bribery, bid-ridding and illegal gratuities
  4. economic extortion, bribery, illegal gratuities and corruption

Answer(s): A



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