Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Practice Exam with Questions & Answers | Set: 5

__________ are the amounts which are owned to other entities:

Forced reconciliation of the account says:

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

Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:

Conflict of interest cases are more easily prevented than detected.

Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company’s profits.

_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

___________ and __________ are used to increase (or decrease) the equity account.