CFE Certified Fraud Examiner Questions and Answers

when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.

when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.

when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.

when a dealer must have some kind of dealership interest in the vendor submitting the stock.

Organized criminals

Mid and lower level employees

Senior Management

All of the above

Altered

Perpetual

False shipping slip

Write-offs

Fictitious revenues

Persuasive Evidence

Concealed liabilities and expenses

Improper asset valuations

Bogus claims

Billing scheme

Reliance billing

Misappropriate claims

Violation of ascribed obligations

Business reversals

Physical Isolation

Larceny by Fraud

Employee theft

Recorded sales

Internal audits

Occupational frauds

Register

Tips

Accident

None of the above

Fraudulent statement

Misappropriations

Conservatism

Matching

Until installation and customer testing and acceptance has occurred.

A written order exists but contains a right of return.

Both A & B

Neither A nor B

Creates or reinforce a false impression

Fails to correct a false impression

Fails to disclose a known lien, adverse claim or other legal impediment

All of the above

When the price is not contingent on some future events

The transaction includes an option to exchange the product for others.

A service or membership fee is not subject predictable cancellation during the contract period.

Payment terms are not extended for a substantial period.

Inventory usages

Fake sales

Asset requisition

All of the above

Fictitious or fabricated revenues

Financial revenues

Red flag revenues

Concealed revenues

Microline numbering

Holographic safety border

Embossed pearlescent numbering

None of the above

Employee deviance

Employee theft

Employee fraud

All of the above

Skimming, cash larceny and fraudulent disbursements

Fraud analysis, skimming and cash misappropriations

Cash larceny, cash distribution and fraudulent disbursements

Cash distribution, skimming and fraud analysis

Registry destroying records

Register false voids

Fraudulent register occurrences

Concealing register disbursement

The removal of cash from a victim entity prior to its entry in an accounting system.

The addition of cash from a victim entity prior to its entry in an accounting system.

The removal of cash from a victim entity after its entry in an accounting system.

None of above

Voided checks

Payable checks

Missing checks

Duplicate checks

an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

an employee does not assist a vendor in winning a contract through the competitive bidding process.

an employee once assists a vendor in winning a contract through a single competitive bidding process.

an employee once assists a vendor in winning a contract through a single competitive bidding process.

True

False

True

False