Pass the ACFE Certified Fraud Examiner CFE-Financial-Transactions-and-Fraud-Schemes Questions and answers with ExamsMirror

Which of the following are used in a short term skimming scheme?

___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.

An analytical review reveals that XYZ Company's cost of goods sold has increased by 75% in the last year. However, its sales revenues only increased by 25% during the same period. This situation MOST LIKELY indicates which of the following?

A scheme is classified as a Conflict of interest:

Which of the following offender types in which people who take the money and run away?

The principal way to detect omitted credits from books of account is through:

Which of the following is a TRUE statement regarding check fraud?

Brenda was a cashier at a retail store. When Brenda's friend shopped at the store, she would take her merchandise to Brenda's cash register. Instead of charging her friend, Brenda would record a No-Sale transaction on the register, and her friend would pretend to pay for the merchandise. Brenda's friend would leave the store without paying for the merchandise, and the two would later divide the merchandise between themselves. This scheme can BEST be described as:

_________ revenues involve the recording sales of goods or services hat did not occur.

Black, an accounts receivable clerk, stole Customer A's monthly payment instead of posting it to A's account. When Customer B's payment arrives a few days later, Black applies the payment to Customer A's account. When Customer C's payment arrives a few days after that, Black applies it to Customer B's account. Black's method of crediting one account with money taken from another account is known as: