ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Practice Test Instant Access

Question 1

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

ATrue

BFalse

Answer : B

Question 2

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

ATrue

BFalse

Answer : B

Question 3

The fraudsters' interest lies with an employer other than a company.

ATrue

BFalse

Answer : B

Question 4

A scheme is classified as a Conflict of interest:

Awhen an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.

Bwhen a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.

Cwhen a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.

Dwhen a dealer must have some kind of dealership interest in the vendor submitting the stock.

Answer : A

Question 5

A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

AConflict of interest

BIllegal sale

CUnauthorized purchase

DFinancial disclosure

Answer : A

Question 6

Which of the following is NOT the example of bribery prevention policies?

AReporting gifts

BDiscounts

CBusiness meetings

DResource diversions

Answer : D

Question 7

The behavior profile of employees who are involved in bribery schemes may include:

AGambling habit

BExtravagant lifestyle

CDrug and/or alcohol addiction

DAll of the above

Answer : D

ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Practice Test