PDF Only
$35.00 Free Updates Upto 90 Days
- CFE-Financial-Transactions-and-Fraud-Schemes Dumps PDF
- 186 Questions
- Updated On October 04, 2024
PDF + Test Engine
$60.00 Free Updates Upto 90 Days
- CFE-Financial-Transactions-and-Fraud-Schemes Question Answers
- 186 Questions
- Updated On October 04, 2024
Test Engine
$50.00 Free Updates Upto 90 Days
- CFE-Financial-Transactions-and-Fraud-Schemes Practice Questions
- 186 Questions
- Updated On October 04, 2024
How to pass ACFE CFE-Financial-Transactions-and-Fraud-Schemes exam with the help of dumps?
DumpsPool provides you the finest quality resources you’ve been looking for to no avail. So, it's due time you stop stressing and get ready for the exam. Our Online Test Engine provides you with the guidance you need to pass the certification exam. We guarantee top-grade results because we know we’ve covered each topic in a precise and understandable manner. Our expert team prepared the latest ACFE CFE-Financial-Transactions-and-Fraud-Schemes Dumps to satisfy your need for training. Plus, they are in two different formats: Dumps PDF and Online Test Engine.
How Do I Know ACFE CFE-Financial-Transactions-and-Fraud-Schemes Dumps are Worth it?
Did we mention our latest CFE-Financial-Transactions-and-Fraud-Schemes Dumps PDF is also available as Online Test Engine? And that’s just the point where things start to take root. Of all the amazing features you are offered here at DumpsPool, the money-back guarantee has to be the best one. Now that you know you don’t have to worry about the payments. Let us explore all other reasons you would want to buy from us. Other than affordable Real Exam Dumps, you are offered three-month free updates.
You can easily scroll through our large catalog of certification exams. And, pick any exam to start your training. That’s right, DumpsPool isn’t limited to just ACFE Exams. We trust our customers need the support of an authentic and reliable resource. So, we made sure there is never any outdated content in our study resources. Our expert team makes sure everything is up to the mark by keeping an eye on every single update. Our main concern and focus are that you understand the real exam format. So, you can pass the exam in an easier way!
IT Students Are Using our Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Dumps Worldwide!
It is a well-established fact that certification exams can’t be conquered without some help from experts. The point of using Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Practice Question Answers is exactly that. You are constantly surrounded by IT experts who’ve been through you are about to and know better. The 24/7 customer service of DumpsPool ensures you are in touch with these experts whenever needed. Our 100% success rate and validity around the world, make us the most trusted resource candidates use. The updated Dumps PDF helps you pass the exam on the first attempt. And, with the money-back guarantee, you feel safe buying from us. You can claim your return on not passing the exam.
How to Get CFE-Financial-Transactions-and-Fraud-Schemes Real Exam Dumps?
Getting access to the real exam dumps is as easy as pressing a button, literally! There are various resources available online, but the majority of them sell scams or copied content. So, if you are going to attempt the CFE-Financial-Transactions-and-Fraud-Schemes exam, you need to be sure you are buying the right kind of Dumps. All the Dumps PDF available on DumpsPool are as unique and the latest as they can be. Plus, our Practice Question Answers are tested and approved by professionals. Making it the top authentic resource available on the internet. Our expert has made sure the Online Test Engine is free from outdated & fake content, repeated questions, and false plus indefinite information, etc. We make every penny count, and you leave our platform fully satisfied!
Frequently Asked Questions
Question # 1
Which of the following is true for Red flags associated with fictitious revenues?
A. Slow growth or usual profitability, when not compared to other companies in the sameindustry.
B. Usual growth in the number of days purchase in receivables
C. A significant volume of sales to entries whose substance and ownership is not known.
D. A usual surge in purchase by a majority of units within a company, or of purchaserecorded by corporate headquarters.
Question # 2
Which of the following is the amount of money that would be realized upon the sale of theasset at some point in the future, less the costs associated with owing, operating andselling it?
A. Net realizable value
B. Going concern
C. Cost
D. Fair value
Question # 3
Accounting records are designed to be kept on subjective rather than objective evidence.
A. True
B. False
Question # 4
Accounting records are designed to be kept on subjective rather than objective evidence.
A. True
B. False
Question # 5
What can make it easy for an employee to skim sales or receivables?
A. Revenue sources and recording procedures
B. Poor collection and recording procedures
C. Internal audits and recording procedures
D. Register manipulations and recording procedures
Question # 6
The heart of book keeping system is the ___________.
A. Asset
B. Liability
C. Checkbook
D. Journal
Question # 7
Forced reconciliation of the account says:
A. to conceal shrinkage is to alter inventory record so that it matches the physical inventorycount.
B. to conceal inventory is to alter shrinkage record so that it matches the physical inventorycount.
C. to conceal shrinkage is to change the perpetual inventory record so that it matches thephysical inventory count.
D. to conceal write-offs is to change the perpetual inventory record so that it matches thephysical inventory count.
Question # 8
__________ is required if and when officers, executives or other persons in trustedpositions become subjects of a criminal indictment.
A. Conflict of interest
B. Turnaround sale or flip
C. Disclosure
D. Resource diversion
Question # 9
Which sale occurs when the accomplice of the employee-fraudster “buys” merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise withoutmaking any payment?
A. Whole sale
B. Fake sale
C. Fraudster sale
D. Preliminary sale
Question # 10
Which of the following is the criterion for bid solicitation?
A. Containing false statements
B. Allowing the purchaser to discuss possible employment with the contractor
C. To withdraw low bids
D. To falsify the bid log
Question # 11
In which approach, fraudsters produce whatever financial statements they wish, perhapsusing just a typewriter or a personal computer.
A. Organized accounting
B. Playing the accounting
C. Beating accounting
D. Outside accounting system
Question # 12
Which of the following is NOT standard of generally accepted accounting principles?
A. Conservatism
B. Cost
C. Full disclosure
D. Quality control
Question # 13
Which of the following are not of Basic types of non-sharable problems?
A. Violation of ascribed obligations
B. Business reversals
C. Physical Isolation
D. Larceny by Fraud
Question # 14
The most common method of detection in corruption cases is:
A. Internal audits
B. Internal controls
C. Tips
D. By accident
Question # 15
Financial statement fraud is committed by:
A. Organized criminals
B. Mid and lower level employees
C. Senior Management
D. All of the above
Question # 16
Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that doesnot results from theft.
A. True
B. False
Question # 17
Any expenses that are incurred but not paid by the end of the year are counted in ourrecords of profit and loss, are called:
A. Accruals
B. Depreciations
C. Expenses
D. Financial record
Question # 18
When expenses used to produce income- all of them- should be matched in a consistentmanner against that income, this is referred to:
A. Equity
B. Accrual basis accounting
C. Expense
D. Financial record
Question # 19
The prime targets for skimming schemes which are hard to monitor and predict such aslate fees and parking fees, are:
A. Revenue sources
B. Recorded sales
C. Internal audits
D. Register manipulations
Question # 20
Theft of incoming checks usually occurs when ________ is (are) in charge of opening themail and recording the receipt of payments.
A. Single employee
B. Two employees
C. More then two employees
D. None of the above
Question # 21
Most of the shell company schemes involve the purchase of goods rather than services.
A. True
B. False
Question # 22
A ___________ occurs when an employee, manager or executive has an undisclosedeconomic or personal interest in a transaction that adversely affects the organization.
A. Conflict of interest
B. Illegal sale
C. Unauthorized purchase
D. Financial disclosure
Question # 23
A journal in which all sales made on credit or cash are listed is:
A. Disbursement journal
B. Accounts receivable journal
C. Accounts payable journal
D. General journal
Question # 24
_________ normally are carried on an organization’s books as expenses because theytend to be consumed by the organization within a year of purchase.
A. Supplies
B. Expenses
C. Assets
D. Equity
Question # 25
Asset misappropriations have an effect on the liabilities and do also have an indirect effecton the equity account.
A. True
B. False
Question # 26
Persuasive evidence of an arrangement does not exist when:
A. Revenue and corresponding expenses doesn’t match each other.
B. No written or verbal agreement exists.
C. Timings not meet properly
D. Capitalized expenses and Liabilities will not be up to satisfied level
Question # 27
Perceived certainty of detection is directly related to employee theft for respondents in allindustry sectors, that is the stronger the perception that theft would be detected, the morethe likelihood that the employee would engage in deviant behavior.
A. True
B. False
Question # 28
What is sometimes used to overcome well-designed internal controls of a victim company?
A. Shell company
B. Fraudulent invoices
C. Collusion
D. Rubber stamp supervisors
Question # 29
Placing any restriction in the solicitation documents that tend to restrict competition iscalled prebid solicitation.
A. True
B. False
Question # 30
The scheme which reduces victim companies to issue fraudulent payments for goods orservices that they have not received is called:
A. Bogus claims
B. Billing scheme
C. Reliance billing
D. Misappropriate claims
Question # 31
___________ should be examined to see that all are properly documented and thatinappropriate payments have not been made to employees.
A. Payable cash
B. Cash advances
C. counterfeit checks
D. Payable checks
Question # 32
According to accounting principles, ________ and ________ should be recorded or atchedin the same accounting period; failing to do so violates the matching principle of AAP.
A. Revenue and corresponding expenses
B. Revenue and Income statement
C. Income statement and Long-term contracts
D. Capitalized expenses and Liabilities
Question # 33
A shell company scheme in which actual goods or services are sold to the victim companyis known as:
A. Maintenance scheme
B. Allocation scheme
C. Distribution scheme
D. Pass-through scheme
Question # 34
The principle behind full disclosure is:
A. Any material deviation from GAAP must be explained to the reader of the financialinformation.
B. Any material deviation from SAS must be explained to the writer oh the financialinformation.
C. Any material deviation from GAAP must be explained to writer of the financialinformation.
D. None of above
Question # 35
Which of the following is not the skimming scheme?
A. Unrecorded sales
B. Fraud & Cost
C. Theft of checks through the mail
D. Understand sales and receivables
Question # 36
Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there issomeone on the vendor’s side of the transaction who is not making an illicit payment.
A. True
B. False
Question # 37
Maintain the presence of a manager or supervisor near the area of the cash register as adeterrent to theft is a prevention for:
A. Fraudulent statement scheme
B. Asset misappropriation scheme
C. Larceny scheme
D. Register disbursement scheme
Leave a comment
Your email address will not be published. Required fields are marked *