Authentic Best resources for CFE-Financial-Transactions-and-Fraud-Schemes Test Engine Practice Exam
[2021] CFE-Financial-Transactions-and-Fraud-Schemes PDF Questions - Perfect Prospect To Go With TestkingPDF Practice Exam
NEW QUESTION 91
Which counts sometimes can give rise to inventory theft detection?
- A. Perpetual inventory counts
- B. Concealment inventory counts
- C. None of the above
- D. Physical inventory counts
Answer: D
NEW QUESTION 92
A journal in which all sales made on credit or cash are listed is:
- A. Accounts payable journal
- B. General journal
- C. Accounts receivable journal
- D. Disbursement journal
Answer: C
NEW QUESTION 93
Which of the following is NOT the phase of the bidding process?
- A. Presolicitation
- B. Postsolicitation
- C. Solicitation
- D. Submission
Answer: B
NEW QUESTION 94
Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:
- A. Short-term skimming
- B. Concealing the fraud
- C. All of the above
- D. Converting stolen checks
Answer: A
NEW QUESTION 95
Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.
- A. Two employees
- B. Single employee
- C. More then two employees
- D. None of the above
Answer: B
NEW QUESTION 96
A voucher is:
- A. a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.
- B. a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.
- C. a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.
- D. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.
Answer: D
NEW QUESTION 97
Which of the following is NOT the method for stealing inventory and other assets?
- A. Purchasing and receiving schemes
- B. Larceny schemes
- C. Asset requisition and transfer
- D. Sales & Equipment handling
Answer: D
NEW QUESTION 98
Which of the following factors is NOT included in most financial statement schemes?
- A. Concealed liabilities and expenses
- B. Fictitious revenues
- C. Improper asset valuations
- D. Persuasive Evidence
Answer: D
NEW QUESTION 99
_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.
- A. Equity
- B. Supplies
- C. Assets
- D. Expenses
Answer: B
NEW QUESTION 100
Revenue is recognized when it is:
- A. All of the above
- B. Fictitious and Earned
- C. Realized and Evidenced
- D. Realized and Earned
Answer: D
NEW QUESTION 101
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.
- A. True
- B. False
Answer: A
NEW QUESTION 102
Which of the following method is NOT used to detect conflicts of interest?
- A. Tips & Complaints
- B. Review of vendor ownership files
- C. Interviews with purchasing personnel
- D. Underbillings of assets
Answer: D
NEW QUESTION 103
Inventory shrinkage is the unaccounted-for reduction in the company's inventory that does not results from theft.
- A. False
- B. True
Answer: A
NEW QUESTION 104
A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:
- A. Fiduciary Capacity
- B. Embezzlement
- C. Conversion
- D. None of the above
Answer: A
NEW QUESTION 105
Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:
- A. beating accounting
- B. All of the above
- C. Playing the accounting
- D. Organized accounting
Answer: C
NEW QUESTION 106
Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.
- A. True
- B. False
Answer: A
NEW QUESTION 107
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?
- A. Bid-rigging
- B. Bid solicitation
- C. Competitive bidding
- D. Kickbacks
Answer: C
NEW QUESTION 108
________ decrease assets and expenses and/or increase liabilities and/or equity
- A. Debit
- B. None of all
- C. Journal Entries
- D. Credit
Answer: D
NEW QUESTION 109
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
- A. Violation
- B. Rationalization
- C. Isolation
- D. None of the above
Answer: B
NEW QUESTION 110
......
Best updated resource for CFE-Financial-Transactions-and-Fraud-Schemes Online Practice Exam: https://www.testkingpdf.com/CFE-Financial-Transactions-and-Fraud-Schemes-testking-pdf-torrent.html
Realistic Practice CFE-Financial-Transactions-and-Fraud-Schemes Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Exam Braindumps: https://drive.google.com/open?id=1anRuSeecVhE4yVIExaMhN8lnFgVxxmQq
