Free Access ACFE.CFE-Financial-Transactions-and-Fraud-Schemes.v2022-02-26.q52 Practice Test (Page 3)

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

A.Turnaround sale or flip

B.Conflict of interest

C.Disclosure

D.Resource diversion

A scheme is classified as a Conflict of interest:

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

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

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

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

Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

A.Check disbursement controls

B.Check tampering

C.Account analysis

D.Bank reconciliation

The most common method of detection in corruption cases is:

A.Internal audits

B.By accident

C.Internal controls

D.Tips

A journal in which all sales made on credit or cash are listed is:

A.Accounts receivable journal

B.Accounts payable journal

C.General journal

D.Disbursement journal

Other Version: 1516ACFE.CFE-Financial-Transactions-and-Fraud-Schemes.v2024-09-23.q88; 2353ACFE.CFE-Financial-Transactions-and-Fraud-Schemes.v2022-09-05.q96

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