CFCI STUDY GUIDE |2024 UPDATE |
ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS/ACCURATE
SOLUTIONS |GET IT 100% CORRECT!!
ALREADY GRADED A+
"Any nillegal nacts ncharacterized nby ndeceit, nconcealment, nor nviolation nof ntrust.
nThese nacts nare nnot ndependent nupon nthe nperpetrated nby nindividuals nand
norganizations nto nobtain nmoney, nproperty, nor nservices; nto navoid npayment nor
, nloss nof nservices; nor nto nsecure npersonal nor nbusiness nad-vantage." n- ncorrect
nanswers-Fraud
Internal nFraud nand nExternal nFraud n- ncorrect nanswers-Main ntypes nof nfraud
which ninvolves nthe nemployees nof nthe ncompany nagainst nwhich nthe nfraud nis
nperpetrated n- ncorrect nanswers-Internal nFraud
deceptive nconduct nby nnon-employees nthat
deprives nthe norganization nof nvalue, nand/or nis nundertaken nfor nfinancial ngain. n-
ncorrect nanswers-External nFraud
theft nor nmisappropriation nof nfunds nplaced nin none's ntrust nor nbelonging nto
none's nemployer. n- ncorrect nanswers-embezzlement
"cooking nthe nbooks." nThis ntype nof
fraud ngenerally nrefers nto nfalsely nrepresenting nthe nfinancial ncondition nof nthe
ncompany, nso nas nto ninflate nthe nvalue nof nstock, nfraudulently nboost nexecutive
nbonuses, nor notherwise nmislead nshareholders, nlenders, nemployees, ninvestment
nanalysts, nor nother nusers nof nthe ninformation. n- ncorrect nanswers-financial nfraud
Accounts nreceivable nfraud, nthis
involves nsimply nstealing ncash nbefore nit nenters nthe norganization's naccounting
nsystem. n- ncorrect nanswers-Skimming n(cash nlarceny)
Perpetrated nby nemployees nwho ncause ntheir nemployer nto nissue na npayment nto
na nfalse nsupplier nby nsubmitting ninvoices nfor nfictitious ngoods nor nservices,
ninflated ninvoices, nor ninvoices nfor npersonal npurchases. n- ncorrect nanswers-
Billing nSchemes
taking nadvantage nof nemployee naccess nto nblank ncompany nchecks, nusing na
npassword nto
steal ncomputer-generated nchecks, nor nproducing ncounterfeit nchecks. n- ncorrect
nanswers-check ntampering
making nfalse nclaims nfor nreimbursement, nor ninflating nor ncreating nfictitious
nbusiness nexpenses. n(Travel n/meal nreimbursement. n- ncorrect nanswers-Employee
nreimbursement nscheme
Bribery, nillegal ngratuities, nand/or nextortion. n- ncorrect nanswers-corruption
when nsomething nof nvalue nis noffered nor ngiven nto ninfluence na nbusiness
ndecision n- ncorrect nanswers-bribery
when nsomething nof nvalue nis ngiven nto nan nemployee nto nreward na nbusiness
ndecision. n- ncorrect nanswers-Illegal nGratuities
ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS/ACCURATE
SOLUTIONS |GET IT 100% CORRECT!!
ALREADY GRADED A+
"Any nillegal nacts ncharacterized nby ndeceit, nconcealment, nor nviolation nof ntrust.
nThese nacts nare nnot ndependent nupon nthe nperpetrated nby nindividuals nand
norganizations nto nobtain nmoney, nproperty, nor nservices; nto navoid npayment nor
, nloss nof nservices; nor nto nsecure npersonal nor nbusiness nad-vantage." n- ncorrect
nanswers-Fraud
Internal nFraud nand nExternal nFraud n- ncorrect nanswers-Main ntypes nof nfraud
which ninvolves nthe nemployees nof nthe ncompany nagainst nwhich nthe nfraud nis
nperpetrated n- ncorrect nanswers-Internal nFraud
deceptive nconduct nby nnon-employees nthat
deprives nthe norganization nof nvalue, nand/or nis nundertaken nfor nfinancial ngain. n-
ncorrect nanswers-External nFraud
theft nor nmisappropriation nof nfunds nplaced nin none's ntrust nor nbelonging nto
none's nemployer. n- ncorrect nanswers-embezzlement
"cooking nthe nbooks." nThis ntype nof
fraud ngenerally nrefers nto nfalsely nrepresenting nthe nfinancial ncondition nof nthe
ncompany, nso nas nto ninflate nthe nvalue nof nstock, nfraudulently nboost nexecutive
nbonuses, nor notherwise nmislead nshareholders, nlenders, nemployees, ninvestment
nanalysts, nor nother nusers nof nthe ninformation. n- ncorrect nanswers-financial nfraud
Accounts nreceivable nfraud, nthis
involves nsimply nstealing ncash nbefore nit nenters nthe norganization's naccounting
nsystem. n- ncorrect nanswers-Skimming n(cash nlarceny)
Perpetrated nby nemployees nwho ncause ntheir nemployer nto nissue na npayment nto
na nfalse nsupplier nby nsubmitting ninvoices nfor nfictitious ngoods nor nservices,
ninflated ninvoices, nor ninvoices nfor npersonal npurchases. n- ncorrect nanswers-
Billing nSchemes
taking nadvantage nof nemployee naccess nto nblank ncompany nchecks, nusing na
npassword nto
steal ncomputer-generated nchecks, nor nproducing ncounterfeit nchecks. n- ncorrect
nanswers-check ntampering
making nfalse nclaims nfor nreimbursement, nor ninflating nor ncreating nfictitious
nbusiness nexpenses. n(Travel n/meal nreimbursement. n- ncorrect nanswers-Employee
nreimbursement nscheme
Bribery, nillegal ngratuities, nand/or nextortion. n- ncorrect nanswers-corruption
when nsomething nof nvalue nis noffered nor ngiven nto ninfluence na nbusiness
ndecision n- ncorrect nanswers-bribery
when nsomething nof nvalue nis ngiven nto nan nemployee nto nreward na nbusiness
ndecision. n- ncorrect nanswers-Illegal nGratuities
