CFE-Financial-Transactions-and-Fraud-Schemes Exam Study Solutions, CFE-Financial-Transactions-and-Fraud-Schemes Vce Files
CFE-Financial-Transactions-and-Fraud-Schemes Exam Study Solutions, CFE-Financial-Transactions-and-Fraud-Schemes Vce Files
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The CFE-Financial-Transactions-and-Fraud-Schemes Exam consists of 500 multiple-choice questions that are divided into four sections. The first section covers the legal aspects of fraud examination, while the second section focuses on fraud prevention and deterrence. The third section covers the investigation process, and the fourth section covers financial transactions and fraud schemes.
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ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Sample Questions (Q120-Q125):
NEW QUESTION # 120
The fraudsters' interest lies with an employer other than a company.
- A. True
- B. False
Answer: B
NEW QUESTION # 121
Bayan finds a residential property with an owner who lives far away. She forges the owner's signature on property transfer documents that purport to give Bayan full ownership of the property. Bayan then takes the falsified documents to the bank and obtains a loan using the property as collateral. Which of the following BEST describes this scheme?
- A. Fraudulent sale
- B. Daisy chain
- C. Air loan
- D. Property flopping
Answer: A
Explanation:
Explanation/Reference: https://www.hg.org/legal-articles/house-sale-through-fraud-49141
NEW QUESTION # 122
Financial statement fraud is BEST described as the intentional or accidental misstatement of amounts in the financial statements.
- A. True
- B. False
Answer: B
NEW QUESTION # 123
Which of the following statements about competitive intelligence is CORRECT?
- A. Competitive intelligence refers to government-sanctioned activities conducted to collect protected information from a foreign government.
- B. Competitive intelligence is considered a legitimate business function.
- C. Competitive intelligence involves the use of illegal, covert means to acquire information for commercial purposes.
- D. Competitive intelligence and corporate espionage describe identical practices.
Answer: B
NEW QUESTION # 124
A voucher is:
- A. 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.
- B. 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.
- 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 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.
Answer: B
NEW QUESTION # 125
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