ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes - CFE-Fraud-Schemes-and-Financial-Crimes무료 덤프문제 풀어보기

A. Failing to write off obsolete inventory

B. Recording an allowance for sales returns

C. Applying the lower of cost or net realizable value

D. Failing to record bad debt expense

A. It is likely that assets would be understated and liabilities would be overstated.

B. The expected costs associated with following GAAP would exceed the expected benefits of compliance.

C. The application of GAAP could produce misleading financial statements.

D. A transaction is considered immaterial and therefore irrelevant to the accurate interpretation of financial statements.

A. True

B. False

A. A public official embezzles government funds from Country A and transfers them to a foreign account in Country B in small increments to avoid the reporting threshold.

B. An importer funnels money through a cash-intensive business to conceal income from illicit activities with legitimate revenue from the front company.

C. An exporter and importer engage in a fraudulent transaction in which the exporter invoices goods to the importer at a price above their market value.

D. A fraudster purchases rare items on an online gaming platform using illicit funds and then sells the items to an accomplice who pays the fraudster with legitimate money.

A. Falsely increasing the perpetual inventory record

B. Selling merchandise without recording the sale

C. Writing off stolen inventory as scrap

D. All of the above

A. If a customer reports the loss or theft of an access device, then cancel the existing card, PIN, or other form of access and issue a new one.

B. Send a welcome letter to new customers to determine if the address submitted on the account application is valid.

C. Mail PINs and other associated account information together to reduce the chance of those items being lost during transit.

D. Separate the duties of bank employees so that the responsibilities for the issuance of access devices are separate from the issuance of PINs.

A. Beating accounting

B. Organized accounting

C. Playing the accounting

D. Outside accounting system

A. None of above

B. The removal of cash from a victim entity prior to its entry in an accounting system.

C. The addition of cash from a victim entity prior to its entry in an accounting system.

D. The removal of cash from a victim entity after its entry in an accounting system.

A. Companies should use the same bank account for paper checks and electronic transactions to improve their ability to monitor all banking activity.

B. Positive pay for ACH should be declined to stop unauthorized transactions from being withdrawn from bank accounts.

C. ACH blocks should be used by account holders to notify their banks which of their accounts should not be used for ACH debits.

D. The same individual should be responsible for making electronic payments and applying ACH filters to accounts.

A. Require that the customer's employer submit a letter of recommendation to the financial institution.

B. Contact third-party credit reporting agencies and customer identification services to verify the customer' s identity.

C. Send a communication to all of the customer's previous residences to verify that they lived at those locations.

D. Question when customers use small cash deposits to open an account with the financial institution.

A. 83

B. 84

C. 81

D. 82

A. Non-repudiation

B. Accuracy of data

C. Authentication

D. Availability of data