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CFE-Financial-Transactions-and-Fraud-Schemes pdf

CFE-Financial-Transactions-and-Fraud-Schemes PDF

Last Update Nov 21, 2024
Total Questions : 186

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Last Update Nov 21, 2024
Total Questions : 186

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Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam

Last Update Nov 21, 2024
Total Questions : 186

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Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Questions and Answers

Questions 1

According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

Options:

A.

Revenue and corresponding expenses

B.

Revenue and Income statement

C.

Income statement and Long-term contracts

D.

Capitalized expenses and Liabilities

Questions 2

In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?

Options:

A.

Bid-rigging

B.

Kickbacks

C.

Competitive bidding

D.

Bid solicitation

Questions 3

The principal way to detect omitted credits from books of account is through:

Options:

A.

Forced Balance

B.

Trend analysis

C.

Expense account

D.

None of all