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            ACFE



            CFE-FT-FS







            CFE Financial Transactions and Fraud Schemes Certified
            Fraud Examiner








            https://killexams.com/pass4sure/exam-detail/CFE-FT-FS



















    Question: 54


    Employees with the authority to grant discounts in order to skim revenues may use which authority?
    A . False discounts
    B . Recording a discount on sale procedure
    C . Internal discount sales audits
    D . None of the above





    Answer: A

    Question: 55


    Which of the following method is NOT used to detect conflicts of interest?
    A . Tips & Complaints
    B . Review of vendor ownership files
    C . Underbillings of assets
    D . Interviews with purchasing personnel





    Answer: C

    Question: 56


    The behavior profile of employees who are involved in bribery schemes may include:
    A . Gambling habit
    B . Extravagant lifestyle
    C . Drug and/or alcohol addiction
    D . All of the above





    Answer: D

    Question: 57


    How many accounts are affected in fraudulent accounting entries and therefore same

    number of categories on the financial statement?
    A . One
    B . At least two
    C . More than two


    D . None of above





    Answer: A

    Question: 58

    If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to
    as:
    A . Inventory larceny scheme
    B . Asset receiving scheme
    C . Fraudulent purchase
    D . Falsify shipping




    Answer: A

    Question: 59


    The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some
    benefit, contrary to duty and rights of others is called:
    A . Conflict of interest
    B . Corruption
    C . Bribery
    D . Overbilling





    Answer: B

    Question: 60


    Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
    A . Check disbursement
    B . Bank confirmation
    C . Bank confirmation
    D . Cut-off statements





    Answer: C








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