최신 CFE-Financial-Transactions-and-Fraud-Schemes 무료덤프 - ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes
Which of the following statements about competitive intelligence is CORRECT?
정답: A
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According to a survey, in principal perpetrator cases, males were the primary culprit in a majority of cases, accounting for ___ percent of frauds versus ___ percent for females.
정답: A
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Which of the following is an example of a corruption scheme?
정답: D
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Which of the following is an insurance fraud detection tool used for identifying funds fraudulently sent to fictitious payees by using computer-generated reports to compare payments sent to the same location?
정답: A
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A fraudster creates a fictitious identity by combining a person's real government identification number with a fabricated name and birthdate. This scheme can BEST be described as:
정답: B
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One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
정답:
One's actions (i.e., Rationalization)
* Rationale for Correct Answer:Rationalization is the cognitive process by which fraud perpetrators justify their unethical conduct so they can commit fraud without feeling like criminals. A common way is to "invent a good reason" for their actions (e.g., "I deserve it," "I'll pay it back," "Everyone else is doing it"). Thus, the correct completion is "one's actions" or more precisely, Rationalization.
* Analysis of Incorrect Options:Since this is a fill-in-the-blank, the distractors are implied. The only correct concept here is rationalization of one's actions.
* Key Concept:Rationalization - one leg of the fraud triangle.
Reference:ACFE Fraud Examiners Manual (2020 International Edition), Fraud Theory - Rationalization in Cressey's Fraud Triangle.
* Rationale for Correct Answer:Rationalization is the cognitive process by which fraud perpetrators justify their unethical conduct so they can commit fraud without feeling like criminals. A common way is to "invent a good reason" for their actions (e.g., "I deserve it," "I'll pay it back," "Everyone else is doing it"). Thus, the correct completion is "one's actions" or more precisely, Rationalization.
* Analysis of Incorrect Options:Since this is a fill-in-the-blank, the distractors are implied. The only correct concept here is rationalization of one's actions.
* Key Concept:Rationalization - one leg of the fraud triangle.
Reference:ACFE Fraud Examiners Manual (2020 International Edition), Fraud Theory - Rationalization in Cressey's Fraud Triangle.
A ___________ occurs when an employee, manager, or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.
정답: D
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The _______________ cost method of pricing would carry an asset's value on the financial statements as what it would currently cost, considering inflation.
정답:
Price-level adjusted historical cost
* Rationale for Correct Answer:The price-level adjusted historical cost method adjusts the original purchase price of an asset for inflation, providing a more current value while still tied to historical cost principles. It addresses one of the limitations of strict historical cost accounting.
* Key Concept:Inflation adjustments in asset valuation.
Reference:ACFE Fraud Examiners Manual (2020 International Edition), Accounting Concepts - Alternative Valuation Methods.
* Rationale for Correct Answer:The price-level adjusted historical cost method adjusts the original purchase price of an asset for inflation, providing a more current value while still tied to historical cost principles. It addresses one of the limitations of strict historical cost accounting.
* Key Concept:Inflation adjustments in asset valuation.
Reference:ACFE Fraud Examiners Manual (2020 International Edition), Accounting Concepts - Alternative Valuation Methods.
Ada uses her mother's government identification card to impersonate her mother and obtain health care for herself under her mother's insurance benefits. Which type of patient health care fraud scheme is Ada MOST LIKELY committing?
정답: C
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Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's side of the transaction who is not making an illicit payment.
정답: B
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A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.
정답:
Investigation
* Rationale for Correct Answer:Fraud investigations can be highly costly to organizations. The process often involves external forensic examiners, legal proceedings, employee time, and disruption of operations. While necessary, investigations represent a significant resource commitment in terms of both time and financial cost.
* Key Concept:Fraud Investigation Costs - deterrence vs. response strategies.
Reference:ACFE Fraud Examiners Manual (2020 International Edition), Investigations section - Cost of Fraud Investigations.
* Rationale for Correct Answer:Fraud investigations can be highly costly to organizations. The process often involves external forensic examiners, legal proceedings, employee time, and disruption of operations. While necessary, investigations represent a significant resource commitment in terms of both time and financial cost.
* Key Concept:Fraud Investigation Costs - deterrence vs. response strategies.
Reference:ACFE Fraud Examiners Manual (2020 International Edition), Investigations section - Cost of Fraud Investigations.
The prime targets for skimming schemes, which are hard to monitor and predict such as late fees and parking fees, are:
정답: A
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George, a 71-year-old man, receives a fraudulent message on his computer stating that his computer has been infected by a virus. When George calls the phone number listed on the message, he speaks with a fraudster who charges him for computer repair services that are unnecessary. George has MOST LIKELY been victimized by which of the following schemes?
정답: D
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__________ are the amounts which are owed to other entities:
정답: C
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Another way to eliminate competition in the solicitation phase of the selection process is to:
정답: A
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Conflict of interest cases are more easily prevented than detected.
정답: A
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Which of the following is a method that might be used to fraudulently overstate the inventory balance?
정답: D
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Which of the following scenarios BEST describes an electronic funds transfer (EFT) fraud scheme?
정답: B
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A client contacts Emma, a Certified Fraud Examiner (CFE), and explains that they prepaid a commission to a broker for help with obtaining a loan. However, after sending the payment for services, the client did not receive a response from the broker and is unable to contact them. This type of fraud is known as a(n):
정답: A
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Asset misappropriation schemes were the "middle children" of the study; they were more common than fraudulent statements and more costly than corruption.
정답: B
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