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CFE-Financial-Transactions-and-Fraud-Schemes Exam Dumps - ACFE Certified Fraud Examiner Questions and Answers

Question # 24

A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

Options:

A.

Fiduciary Capacity

B.

Embezzlement

C.

Conversion

D.

None of the above

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Question # 25

According to a survey, in principal perpetrator, males in a majority of cases, accounting for ___ percent of frauds versus ___ percent in which a female was the primary culprit.

Options:

A.

62 versus 36

B.

61 versus 39

C.

62 versus 37

D.

None of the above

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Question # 26

__________ can be defined as conduct detrimental to the organization and to the employee.

Options:

A.

Employee deviance

B.

Employee theft

C.

Employee fraud

D.

All of the above

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Question # 27

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

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Question # 28

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

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Question # 29

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

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Question # 30

In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

Options:

A.

Violation

B.

Isolation

C.

Rationalization

D.

None of the above

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Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
Last Update: Feb 22, 2025
Questions: 186
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