CERTIFIED FRAUD EXAMINER COMPREHENSIVE EXAM SCRIPT COMPLETE QUESTIONS
VERIFIED SOLUTIONS
Certified Fraud Examiner EXAM Script 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
Extortion.
Answer:
Acquiring through force or fear.
Question:
Current Ratio.
Answer:
Current assets divided by current liabilities; Embezzlement decreases ratio; Liability concealment
increases ratio.
Question:
Scooter Scam.
Answer:
Billing for low quality/unnecessary products.
Question:
Sliding.
Answer:
Adding insurance coverage without notifying client; insurer makes more money, client makes no
claims.
,Question:
Debits.
Answer:
Increases asset/expense accounts; On the left side; Decreases liabilities, revenues, owner's equity;
DC ADE LER (DebitCredit/ AssestsDrawExpenses/ LiabilityEquityRevenue)
Question:
Credits.
Answer:
Decreases asset/expense accounts; On the right side; Increases liabilities, revenues, owner's equity;
DC ADE LER (DebitCredit/ AssestsDrawExpenses/ LiabilityEquityRevenue)
Question:
Verifier.
Answer:
Reviews deals/records customer consent (telemarketing); scammer verifiers lie
Question:
Bid Splitting Scheme.
Answer:
When a large project is broken into small projects; Designed to avoid competitive method
requirements.
Question:
Positive Pay.
Answer:
When banks and companies coordinate to detect fraudulent checks.
,Question:
Income Smoothing.
Answer:
Reporting revenues and expenses under the wrong periods.
Question:
Turnkey.
Answer:
Provides telemarketing scammers with collateral (laundering, merchandise, phone lists, etc.)
Question:
Debt to Equity Ratio.
Answer:
Total Liabilities/Total Equity
Question:
The largest amount of insurance fraud occurs in the ______________ industry.
Answer:
Health Care
Question:
The 6 types of healthcare fraud.
Answer:
(1) Falsified prescriptions (2) Excessive supplies (3) Failure to deliver/billing before delivering (4)
Excessive billing (5) Billing uninsured items (6) Scooter scams
, Question:
In construction, the purpose of developer overhead is to.
Answer:
supply the developer with operating capital.
Question:
Organization Crime.
Answer:
Crime committed by groups
Question:
Occupational Crime.
Answer:
Crime committed by individuals, professionals, officials
Question:
Corruption (3 Types).
Answer:
Bribes (giving/taking), aiding, abetting
Question:
Does advertising influence economic crimes?
Answer:
Yes, no one has to settle for second best (See "Crimes of the Middle Class" book); most defendants
are male w/ moderate social status.
Question:
VERIFIED SOLUTIONS
Certified Fraud Examiner EXAM Script 2026/2027
Questions and Answers Verified Solutions Latest
Update
Question:
Extortion.
Answer:
Acquiring through force or fear.
Question:
Current Ratio.
Answer:
Current assets divided by current liabilities; Embezzlement decreases ratio; Liability concealment
increases ratio.
Question:
Scooter Scam.
Answer:
Billing for low quality/unnecessary products.
Question:
Sliding.
Answer:
Adding insurance coverage without notifying client; insurer makes more money, client makes no
claims.
,Question:
Debits.
Answer:
Increases asset/expense accounts; On the left side; Decreases liabilities, revenues, owner's equity;
DC ADE LER (DebitCredit/ AssestsDrawExpenses/ LiabilityEquityRevenue)
Question:
Credits.
Answer:
Decreases asset/expense accounts; On the right side; Increases liabilities, revenues, owner's equity;
DC ADE LER (DebitCredit/ AssestsDrawExpenses/ LiabilityEquityRevenue)
Question:
Verifier.
Answer:
Reviews deals/records customer consent (telemarketing); scammer verifiers lie
Question:
Bid Splitting Scheme.
Answer:
When a large project is broken into small projects; Designed to avoid competitive method
requirements.
Question:
Positive Pay.
Answer:
When banks and companies coordinate to detect fraudulent checks.
,Question:
Income Smoothing.
Answer:
Reporting revenues and expenses under the wrong periods.
Question:
Turnkey.
Answer:
Provides telemarketing scammers with collateral (laundering, merchandise, phone lists, etc.)
Question:
Debt to Equity Ratio.
Answer:
Total Liabilities/Total Equity
Question:
The largest amount of insurance fraud occurs in the ______________ industry.
Answer:
Health Care
Question:
The 6 types of healthcare fraud.
Answer:
(1) Falsified prescriptions (2) Excessive supplies (3) Failure to deliver/billing before delivering (4)
Excessive billing (5) Billing uninsured items (6) Scooter scams
, Question:
In construction, the purpose of developer overhead is to.
Answer:
supply the developer with operating capital.
Question:
Organization Crime.
Answer:
Crime committed by groups
Question:
Occupational Crime.
Answer:
Crime committed by individuals, professionals, officials
Question:
Corruption (3 Types).
Answer:
Bribes (giving/taking), aiding, abetting
Question:
Does advertising influence economic crimes?
Answer:
Yes, no one has to settle for second best (See "Crimes of the Middle Class" book); most defendants
are male w/ moderate social status.
Question:
