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CFCI EXAM QUESTIONS AND CORRECT ANSWERS | NEWEST
UPDATE 2026/2027 | GRADED A+ | 100% GUARANTEED PASS
(VERIFIED SOLUTIONS)
"Any illegal acts characterized by deceit, concealment, or violation of trust. These
acts are not dependent upon the perpetrated by individuals and organizations to
obtain money, property, or services; to avoid payment or loss of services; or to
secure personal or business ad-vantage." - correct answer - Fraud
Internal Fraud and External Fraud - correct answer - Main types of fraud
which involves the employees of the company against which the fraud is
perpetrated - correct answer - Internal Fraud
deceptive conduct by non-employees that
deprives the organization of value, and/or is undertaken for financial gain. -
correct answer - External Fraud
theft or misappropriation of funds placed in one's trust or belonging to one's
employer. - correct answer - embezzlement
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"cooking the books." This type of
fraud generally refers to falsely representing the financial condition of the
company, so as to inflate the value of stock, fraudulently boost executive
bonuses, or otherwise mislead shareholders, lenders, employees, investment
analysts, or other users of the information. - correct answer - financial fraud
taking advantage of employee access to blank company checks, using a password
to
steal computer-generated checks, or producing counterfeit checks. - correct
answer - check tampering
making false claims for reimbursement, or inflating or creating fictitious business
expenses. (Travel /meal reimbursement. - correct answer - Employee
reimbursement scheme
Bribery, illegal gratuities, and/or extortion. - correct answer - corruption
when something of value is offered or given to influence a business decision -
correct answer - bribery
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when something of value is given to an employee to reward a business decision. -
correct answer - Illegal Gratuities
Accounts receivable fraud, this
involves simply stealing cash before it enters the organization's accounting
system. - correct answer - Skimming (cash larceny)
Perpetrated by employees who cause their employer to issue a payment to a false
supplier by submitting invoices for fictitious goods or services, inflated invoices, or
invoices for personal purchases. - correct answer - Billing Schemes
when a person demands payment or seeks to influence a business decision by
threat of harm through loss of business or personal injury. - correct answer -
Extortion
involving employees and vendors, often using inflated billing or invoices for which
the employee is paid a portion of the inflated or fictitious invoice. - correct
answer - Kickback Schemes
the creation, sale, or use of a counterfeit credit card, or the use of a stolen credit
or debit card. - correct answer - credit card fraud
CFCI EXAM QUESTIONS AND CORRECT ANSWERS | NEWEST
UPDATE 2026/2027 | GRADED A+ | 100% GUARANTEED PASS
(VERIFIED SOLUTIONS)
"Any illegal acts characterized by deceit, concealment, or violation of trust. These
acts are not dependent upon the perpetrated by individuals and organizations to
obtain money, property, or services; to avoid payment or loss of services; or to
secure personal or business ad-vantage." - correct answer - Fraud
Internal Fraud and External Fraud - correct answer - Main types of fraud
which involves the employees of the company against which the fraud is
perpetrated - correct answer - Internal Fraud
deceptive conduct by non-employees that
deprives the organization of value, and/or is undertaken for financial gain. -
correct answer - External Fraud
theft or misappropriation of funds placed in one's trust or belonging to one's
employer. - correct answer - embezzlement
, Page | 2
"cooking the books." This type of
fraud generally refers to falsely representing the financial condition of the
company, so as to inflate the value of stock, fraudulently boost executive
bonuses, or otherwise mislead shareholders, lenders, employees, investment
analysts, or other users of the information. - correct answer - financial fraud
taking advantage of employee access to blank company checks, using a password
to
steal computer-generated checks, or producing counterfeit checks. - correct
answer - check tampering
making false claims for reimbursement, or inflating or creating fictitious business
expenses. (Travel /meal reimbursement. - correct answer - Employee
reimbursement scheme
Bribery, illegal gratuities, and/or extortion. - correct answer - corruption
when something of value is offered or given to influence a business decision -
correct answer - bribery
, Page | 3
when something of value is given to an employee to reward a business decision. -
correct answer - Illegal Gratuities
Accounts receivable fraud, this
involves simply stealing cash before it enters the organization's accounting
system. - correct answer - Skimming (cash larceny)
Perpetrated by employees who cause their employer to issue a payment to a false
supplier by submitting invoices for fictitious goods or services, inflated invoices, or
invoices for personal purchases. - correct answer - Billing Schemes
when a person demands payment or seeks to influence a business decision by
threat of harm through loss of business or personal injury. - correct answer -
Extortion
involving employees and vendors, often using inflated billing or invoices for which
the employee is paid a portion of the inflated or fictitious invoice. - correct
answer - Kickback Schemes
the creation, sale, or use of a counterfeit credit card, or the use of a stolen credit
or debit card. - correct answer - credit card fraud
