CFE-Financial-Transactions-and-Fraud-Schemes Reviews Questions

Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Questions and Answers

Question 21

The most common method of detection in corruption cases is:

Internal audits

Internal controls

Tips

By accident

Question 22

____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

False shipping slip

False packing slip

Fraudulent inventory slip

False credit slip

Question 23

A running count that records how much inventory should be on hand is referred to:

Altered inventory

Perpetual inventory

Shrinking inventory

Fictitious inventory

Question 24

False billing scheme states that:

employees do not cause their company to purchase merchandise that the company does not need.

employees cause their company to sale merchandise that the company does not need.

employees do not cause their company to sale merchandise that the company does not need.

employees cause their company to purchase merchandise that the company does not need