CFE Certified Fraud Examiner Exam With
Latest Solutions 2024
The uprincipal uway uto udetect uomitted ucredits ufrom ubooks uof uaccount uis uthrough: u- ucorrect
uanswer.Trend uanalysis
People ucommit ufinancial ustatement ufraud uto: u- ucorrect uanswer.Preserve upersonal
ustatus/control
Which uof uthe ufollowing uis uNOT uthe ureason uwhy usenior umanagement uwill uoverstate
ubusiness ustatement? u- ucorrect uanswer.Comply uwith udebit ucovenants
Which uof uthe ufour ubasic umeasures, uif uproperly uinstalled uand uimplemented umay uhelp
uprevent uinventory ufraud? u- ucorrect uanswer.Proper udocumentation, usegregation uof
uduties, uindependent uchecks uand uphysical usafeguards
In uFraud uscale upressure, uopportunity uand uintegrity uvariables uall uresults uin ua ulist uof u___
upossible ured uflags uor uindicators uof uoccupational ufraud uand uabuse. u- ucorrect uanswer.82
__________ ucan ube udefined uas uconduct udetrimental uto uthe uorganization uand uto uthe
uemployee. u- ucorrect uanswer.Employee udeviance
Perceived ucertainty uof udetection uis udirectly urelated uto uemployee utheft ufor urespondents uin
uall uindustry usectors, uthat uis uthe ustronger uthe uperception uthat utheft uwould ube udetected,
uthe umore uthe ulikelihood uthat uthe uemployee uwould uengage uin udeviant ubehavior. u- ucorrect
uanswer.False
According uto ua usurvey, uin uprincipal uperpetrator, umales uin ua umajority uof ucases,
uaccounting ufor u___ upercent uof ufrauds uversus u___ upercent uin uwhich ua ufemale uwas uthe
uprimary uculprit. u- ucorrect uanswer.61 uversus u39
In uCressey's ufraud utriangle, uits uthree uof uthe ulegs uare uOpportunity, uPressure uand u-
ucorrect uanswer.Rationalization
SIMULATION u-One uof uthe usimplest uways uto ujustify uunacceptable uconduct uand uavoid
uguilt ufeelings uis uto uinvent ua ugood ureason ufor u________. u- ucorrect uanswer.Embezzling
, Which uof uthe ufollowing uoffender utypes uin uwhich upeople uwho utake uthe umoney uand urun
uaway? u- ucorrect uanswer.Absconders
When usituational upressures uand uperceived uopportunities uare ulow uand upersonal uintegrity
uis uhigh, uoccupational ufraud uis umuch umore ulikely uto uoccur uthan uwhen uthe uopposite uis
utrue. u- ucorrect uanswer.False
The uact uof uan uofficial uor ufiduciary uperson uwho uunlawfully uand uwrongfully uuses uhis
ustation uor ucharacter uto uprocure usome ubenefit, ucontrary uto uduty uand urights uof uothers uis
ucalled: u- ucorrect uanswer.Corruption
Which uof uthe ufollowing uare uthe uclassifications ufor uthe uCorruption? u- ucorrect
uanswer.Bribery, ueconomic uextortion, uillegal ugratuities uand uconflicts uof uinterest
may ube udefined uas uthe uoffering, ugiving, ureceiving uor usoliciting uanything uof uvalue uto
uinfluence uan uofficial uact. u- ucorrect uanswer.Bribery
SIMULATION u-__________ umeans uthat utraditional ubribery ustatutes uproscribe uonly
upayments umade uto uinfluence uthe udecisions uof ugovernment uagents uor uemployees. u-
ucorrect uanswer.Official uact
Which uof uthe ufollowing ucan uconstitute ua ubribe, ueven uif uthe uillicit upayment uis unever
uactually umade? u- ucorrect uanswer.Offering ua upayment
The umost ucommon umethod uof udetection uin ucorruption ucases uis: u- ucorrect uanswer.Tips
Undisclosed upayments umade uby uvendors uto uemployees uof upurchasing ucompanies uare
ureferred uto uas: u- ucorrect uanswer.Kickbacks
Bid-rigging uscheme uoccurs uwhen: u- ucorrect uanswer.an uemployee ufraudulently uassists ua
uvendor uin uwinning ua ucontract uthrough uthe ucompetitive ubidding uprocess.
Every ubribe uis ua utwo-sided utransaction, uin uwhich uwhere ua uvendor ubribes ua upurchaser,
uthere uis usomeone uon uthe uvendors uside uof uthe utransaction uwho uis unot umaking uan uillicit
upayment. u- ucorrect uanswer.False
In uwhich uof uthe ufollowing uprocess, uall ubidders uare ulegally usupposed uto ube uplaced uon uthe
usame uplane uof uequality, ubidding uon uthe usame uterms uand uconditions? u- ucorrect
uanswer.Competitive ubidding
The umore upower ua uperson uhas uover uthe ubidding uprocess, uthe umore ulikely uthe uperson
ucan uinfluence uthe uselection uof ua usupplier. u- ucorrect uanswer.True
Which uof uthe ufollowing uis uNOT uthe uphase uof uthe ubidding uprocess? u- ucorrect
uanswer.Postsolicitation
Latest Solutions 2024
The uprincipal uway uto udetect uomitted ucredits ufrom ubooks uof uaccount uis uthrough: u- ucorrect
uanswer.Trend uanalysis
People ucommit ufinancial ustatement ufraud uto: u- ucorrect uanswer.Preserve upersonal
ustatus/control
Which uof uthe ufollowing uis uNOT uthe ureason uwhy usenior umanagement uwill uoverstate
ubusiness ustatement? u- ucorrect uanswer.Comply uwith udebit ucovenants
Which uof uthe ufour ubasic umeasures, uif uproperly uinstalled uand uimplemented umay uhelp
uprevent uinventory ufraud? u- ucorrect uanswer.Proper udocumentation, usegregation uof
uduties, uindependent uchecks uand uphysical usafeguards
In uFraud uscale upressure, uopportunity uand uintegrity uvariables uall uresults uin ua ulist uof u___
upossible ured uflags uor uindicators uof uoccupational ufraud uand uabuse. u- ucorrect uanswer.82
__________ ucan ube udefined uas uconduct udetrimental uto uthe uorganization uand uto uthe
uemployee. u- ucorrect uanswer.Employee udeviance
Perceived ucertainty uof udetection uis udirectly urelated uto uemployee utheft ufor urespondents uin
uall uindustry usectors, uthat uis uthe ustronger uthe uperception uthat utheft uwould ube udetected,
uthe umore uthe ulikelihood uthat uthe uemployee uwould uengage uin udeviant ubehavior. u- ucorrect
uanswer.False
According uto ua usurvey, uin uprincipal uperpetrator, umales uin ua umajority uof ucases,
uaccounting ufor u___ upercent uof ufrauds uversus u___ upercent uin uwhich ua ufemale uwas uthe
uprimary uculprit. u- ucorrect uanswer.61 uversus u39
In uCressey's ufraud utriangle, uits uthree uof uthe ulegs uare uOpportunity, uPressure uand u-
ucorrect uanswer.Rationalization
SIMULATION u-One uof uthe usimplest uways uto ujustify uunacceptable uconduct uand uavoid
uguilt ufeelings uis uto uinvent ua ugood ureason ufor u________. u- ucorrect uanswer.Embezzling
, Which uof uthe ufollowing uoffender utypes uin uwhich upeople uwho utake uthe umoney uand urun
uaway? u- ucorrect uanswer.Absconders
When usituational upressures uand uperceived uopportunities uare ulow uand upersonal uintegrity
uis uhigh, uoccupational ufraud uis umuch umore ulikely uto uoccur uthan uwhen uthe uopposite uis
utrue. u- ucorrect uanswer.False
The uact uof uan uofficial uor ufiduciary uperson uwho uunlawfully uand uwrongfully uuses uhis
ustation uor ucharacter uto uprocure usome ubenefit, ucontrary uto uduty uand urights uof uothers uis
ucalled: u- ucorrect uanswer.Corruption
Which uof uthe ufollowing uare uthe uclassifications ufor uthe uCorruption? u- ucorrect
uanswer.Bribery, ueconomic uextortion, uillegal ugratuities uand uconflicts uof uinterest
may ube udefined uas uthe uoffering, ugiving, ureceiving uor usoliciting uanything uof uvalue uto
uinfluence uan uofficial uact. u- ucorrect uanswer.Bribery
SIMULATION u-__________ umeans uthat utraditional ubribery ustatutes uproscribe uonly
upayments umade uto uinfluence uthe udecisions uof ugovernment uagents uor uemployees. u-
ucorrect uanswer.Official uact
Which uof uthe ufollowing ucan uconstitute ua ubribe, ueven uif uthe uillicit upayment uis unever
uactually umade? u- ucorrect uanswer.Offering ua upayment
The umost ucommon umethod uof udetection uin ucorruption ucases uis: u- ucorrect uanswer.Tips
Undisclosed upayments umade uby uvendors uto uemployees uof upurchasing ucompanies uare
ureferred uto uas: u- ucorrect uanswer.Kickbacks
Bid-rigging uscheme uoccurs uwhen: u- ucorrect uanswer.an uemployee ufraudulently uassists ua
uvendor uin uwinning ua ucontract uthrough uthe ucompetitive ubidding uprocess.
Every ubribe uis ua utwo-sided utransaction, uin uwhich uwhere ua uvendor ubribes ua upurchaser,
uthere uis usomeone uon uthe uvendors uside uof uthe utransaction uwho uis unot umaking uan uillicit
upayment. u- ucorrect uanswer.False
In uwhich uof uthe ufollowing uprocess, uall ubidders uare ulegally usupposed uto ube uplaced uon uthe
usame uplane uof uequality, ubidding uon uthe usame uterms uand uconditions? u- ucorrect
uanswer.Competitive ubidding
The umore upower ua uperson uhas uover uthe ubidding uprocess, uthe umore ulikely uthe uperson
ucan uinfluence uthe uselection uof ua usupplier. u- ucorrect uanswer.True
Which uof uthe ufollowing uis uNOT uthe uphase uof uthe ubidding uprocess? u- ucorrect
uanswer.Postsolicitation
