Free Online ACFE CFE-Financial-Transactions-and-Fraud-Schemes Practice Test

Prepare Your ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions with Free online CFE-Financial-Transactions-and-Fraud-Schemes Practice Test. Get Brilliant Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Results with Valid CFE Financial Transactions and Fraud Schemes Exam Dumps.

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Total 190 Questions | Updated On: May 15, 2024

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Question 1

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

A : Single employee

B : Two employees

C : More then two employees

D : None of the above

Answer: A

Question 2

In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

A : High-resolution sprays

B : Holographic safety inks

C : Watermark backers

D : Chrome coloring

Answer: C

Question 3

___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

A : Payable cash

B : Cash advances

C : counterfeit checks

D : Payable checks

Answer: B

Question 4

Bid-rigging scheme occurs when:

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

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

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

Answer: A

Question 5

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

A : Bogus claims

B : Billing scheme

C : Reliance billing

D : Misappropriate claims

Answer: A

Page: 1 / 38

Total 190 Questions | Updated On: May 15, 2024

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