Pass the ACFE Certified Fraud Examiner CFE-Financial-Transactions-and-Fraud-Schemes Questions and answers with ValidTests

A material false statement

Knowledge that the statement was false when it was uttered

Reliance on the fast statement by the victim

All of the above

When logging into the computer network, employees receive a reminder to change their log-in passwords before they expire.

Network users are prompted to install unfamiliar software onto their computers.

The network is receiving data from a country where one of the organization's suppliers is located.

Users are denied access to network files they do not typically use in their organizational role.

Selling merchandise without recording the sale

Writing off stolen inventory as scrap

Falsely increasing the perpetual inventory record

All of the above

True

False

Application security

Human audits

Penetration testing

Data security

Harriet owns a significant amount of stock in a company she regularly buys her employer's office supplies from, but her employer is unaware of this fact.

Robert works for Muir's Printing Services on weekdays and Winsted Café on weekends, but he does not tell either employer about the other job.

Jennifer is on the board of directors of two companies that compete in the retail market, but she does not tell either company about her role at the other.

Ernest hires his brother, John, to provide vending services to his employer's lunch areas, but he does not disclose their relationship.

There are gaps in the transaction numbers on the register log.

Personal checks from cashiers are found in the cash register.

Voids just over the review limit have been approved by a supervisor.

Cashiers are authorized to void their own transactions.

Using the same log-in credentials for all payment applications

Activating biometric authentication to verify the user's identity

Disabling the biometric features on a newer mobile device

None of the above

Disbursement journal

Accounts receivable journal

Accounts payable journal

General journal

While acting as an intermediary for a government health care program, the insurance company verifies provider claims before billing the government for them.

To obtain regulatory approval for increasing its rates, the insurance company submits inflated cost data for review.

After negotiating discounts with its medical providers, the insurance company provides the negotiated rate to its consumers instead of the original amount.

Upon identifying that a claimant has provided incomplete information, the insurance company refuses to pay a claim.