Provide Valid CFE-Financial-Transactions-and-Fraud-Schemes Dumps To Help You Prepare For Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Exam Dec 02, 2025
ACFE CFE-Financial-Transactions-and-Fraud-Schemes Dumps Questions [2025] Pass for CFE-Financial-Transactions-and-Fraud-Schemes Exam
The CFE-Financial-Transactions-and-Fraud-Schemes exam is administered by the Association of Certified Fraud Examiners (ACFE), which is the world's largest anti-fraud organization. The ACFE has been providing certification programs for fraud examiners for over 30 years, and the CFE-Financial-Transactions-and-Fraud-Schemes exam is one of their most popular and highly respected certifications.
NEW QUESTION # 75
Which of the following ratios can be used to assess a company's ability to meet sudden cash requirements?
- A. Debt-to-equity ratio
- B. Asset turnover ratio
- C. Quick ratio
- D. Receivable turnover ratio
Answer: B
Explanation:
Explanation/Reference: https://www.investopedia.com/ask/answers/062215/what-are-financial-risk-ratios-and-how-are-they-used-measure-risk.asp
NEW QUESTION # 76
John is a salesperson whose job requires him to entertain potential clients frequently. When John and another salesperson from a different company take a potential client to dinner, the other salesperson pays for the meal.
John creates his own receipt for the meal and submits the expense for reimbursement from his company.
John's scheme can BEST be characterized as:
- A. A fictitious expense reimbursement scheme
- B. An overstated expense reimbursement scheme
- C. A multiple reimbursement scheme
- D. A mischaracterized expense reimbursement scheme
Answer: C
NEW QUESTION # 77
Brenda was a cashier at a retail store. When Brenda's friend shopped at the store, she would take her merchandise to Brenda's cash register. Instead of charging her friend, Brenda would record a No-Sale transaction on the register, and her friend would pretend to pay for the merchandise. Brenda's friend would leave the store without paying for the merchandise, and the two would later divide the merchandise between themselves. This scheme can BEST be described as:
- A. A false sale scheme
- B. A purchasing and receiving scheme
- C. A skimming scheme
- D. A register disbursement scheme
Answer: D
NEW QUESTION # 78
"Anticipate possible losses and omit potential profits", this results in:
- A. Symmetrical accounting
- B. Bearing accounting
- C. Playing accounting
- D. Asymmetrical accounting
Answer: D
NEW QUESTION # 79
Which of the following is the MOST ACCURATE statement about the different types of malware?
- A. A Trojan horse is a software program that, while not definitely malicious, monitors and logs the keys pressed on a system's keyboard.
- B. Ransomware is a malicious self-replicating computer program that penetrates operating systems to spread malicious code to other computers.
- C. Spyware is software that collects and reports information about a computer user without the user's knowledge or consent.
- D. A worm is a type of software that, while not definitely malicious, has a suspicious or potentially unwanted aspect to it.
Answer: C
Explanation:
Explanation/Reference: https://www.techtarget.com/searchsecurity/definition/spyware#:~:text=Spyware%20is%20a%20type%20of,data%20firms%20or%20external%20users
NEW QUESTION # 80
Employees with the authority to grant discounts in order to skim revenues may use which authority?
- A. Recording a discount on sale procedure
- B. None of the above
- C. False discounts
- D. Internal discount sales audits
Answer: C
NEW QUESTION # 81
All of the following are common ways that a procuring employee might engage in a bid manipulation scheme EXCEPT:
- A. Opening bids prematurely
- B. Extending bid opening dates without justification
- C. Charging for costs that are not allowable
- D. Altering bids
Answer: C
NEW QUESTION # 82
All the following are basic methods used to prove corrupt payments in corruption schemes EXCEPT:
- A. Making inquiries to the relevant Administration of Taxation
- B. Using an inside witness
- C. Secretly infiltrating ongoing transactions
- D. Identifying and tracing payments through audit steps
Answer: A
NEW QUESTION # 83
Which of the following actions could management take to make a company appear more profitable than it actually is?
- A. Recording warranty liabilities
- B. Understanding liabilities
- C. Expensing costs instead of capitalizing them
- D. Understating assets
Answer: B
Explanation:
Explanation/Reference: https://www.acfe.com/uploadedFiles/ACFE_Website/Content/documents/tone-at-the-top-research.pdf
NEW QUESTION # 84
Which of the following is the MOST LIKELY result of a financial statement fraud scheme?
- A. Overstated revenues
- B. Overstated liabilities
- C. Understated assets
- D. Understated equity
Answer: B
Explanation:
Explanation/Reference: https://www.acfe.com/article.aspx?id=4294967799#:~:text=Fraud%20in%20financial%20statements%20takes,or%20understated%20liabilities%20and%20expenses.&text=The%20five%20classifications%20of%20financial,and%20expenses%2C%20and%20improper%20disclosures
NEW QUESTION # 85
Which of the following is an example of a corruption scheme?
- A. A warehouse manager receives twenty laptops in a shipment but excludes five of the laptops from the records so that they can be sold to third parties.
- B. A vendor offers the use of a beach house to a government procurement agent for free after the agent awards a contract to the vendor.
- C. A public company omits recurring costs from its financial statements to make the company appear more profitable than it is.
- D. Two coworkers steal confidential information from their employer and use the stolen data to start a competing business.
Answer: B
NEW QUESTION # 86
Which of the following is not the skimming scheme?
- A. Fraud & Cost
- B. Understand sales and receivables
- C. Unrecorded sales
- D. Theft of checks through the mail
Answer: A
NEW QUESTION # 87
Which of the following would NOT be helpful in the prevention of expense reimbursement schemes?
- A. Comparing current expenses to historical expenditure amounts
- B. Comparing current expenses to budgeted expense amounts
- C. Requiring employees to explain the specific business purpose of each expense
- D. Requiring all receipts to be submitted electronically
Answer: B
Explanation:
Explanation/Reference: https://www.acfe.com/uploadedFiles/Shared_Content/Products/Self-Study_CPE/FundamentalsofComputerandInternetFraud2019_Extract.pdf
NEW QUESTION # 88
A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:
- A. Bid pooling
- B. Bid opening
- C. Fictitious Bidding
- D. Bid log
Answer: A
NEW QUESTION # 89
Entering a sales total lower than the amount actually paid by the customer is called:
- A. Underrings a sale
- B. All of the above
- C. Internal sales audits
- D. Recording a sale procedure
Answer: A
NEW QUESTION # 90
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.
- A. Expense
- B. Equity
- C. Balance sheet
- D. Financial record
Answer: A
NEW QUESTION # 91
Which of the following scenarios is an example of upcoding?
- A. Victor receives payment in exchange for undergoing an unnecessary medical procedure that is then billed to his health care program.
- B. Margot inflates a medical bill she is seeking reimbursement for by adding an additional digit to the amount charged.
- C. Dr. Johnson, a psychiatrist, regularly sees patients for sessions lasting less then forty minutes, but she submits the claims with a code that indicates the sessions were sixty minutes long.
- D. Dr. Hernandez uses four procedure codes when submitting a claim for a coronary bypass he performed that is supposed to be billed using a single procedure code.
Answer: C
Explanation:
Explanation/Reference: https://www.acfeinsights.com/acfe-insights/2018/12/12/health-care-fraud-5-common-billing-schemes
NEW QUESTION # 92
Skimming cases can more likely to be detected by:
- A. Internal controls
- B. Internal audits
- C. Accidents
- D. occupational frauds
Answer: C
NEW QUESTION # 93
Which of the following is an example of a technical security control that organizations can use to secure computer systems and communication networks?
- A. Human audits
- B. Penetration testing
- C. Encryption
- D. Cipher locks
Answer: C
Explanation:
Explanation/Reference: https://purplesec.us/security-controls/#:~:text=Examples%20of%20technical%20controls%20include,Firewalls
NEW QUESTION # 94
__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.
- A. Perpetual
- B. Altered
- C. False shipping slip
- D. Write-offs
Answer: C
NEW QUESTION # 95
Which of the following items do NOT appear on the balance sheet?
- A. Liabilities
- B. Owners' equity
- C. Assets
- D. Expenses
Answer: D
NEW QUESTION # 96
Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
- A. False
- B. True
Answer: B
NEW QUESTION # 97
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