Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Practice Exam with Questions & Answers

The most common method of detection in corruption cases is:

When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.

The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.

What can make it easy for an employee to skim sales or receivables?

A typical issue involving material and fraud would be:

Most of the shell company schemes involve the purchase of goods rather than services.

______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

Skimming is:

The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.