CFCI Study Guide REAL EXAM ACCURATE QUESTIONS
WITH 100% RATED CORRECT ANSWERS EXPERT VERIFIED
GET IT A+ 2025 LATEST UPDATED
Fraud - (Correct Answer)"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."
心的坚强决定了我们的命运。当
我们面对挫折时，是一颗不屈的
Main types of fraud - (Correct Answer)Internal Fraud and External Fraud
心让我们勇敢前行
Internal Fraud - (Correct Answer)Activities that may be criminal, committed within an
organization, typically by the employee against the employer.
External Fraud - (Correct Answer)Deceptive conduct by non-employees that
deprives the organization of value, and/or is undertaken for financial gain.
Embezzlement - (Correct Answer)The theft of money, property, or other assets of the employer.
,Larceny - (Correct Answer)The taking away of the property of another, with the intent to convert
it to his/her own use.
Financial Fraud - (Correct Answer)"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.
Skimming (cash larceny) - (Correct Answer)Accounts receivable fraud, this involves simply
stealing cash before it enters the organization's
心的坚强决定了我们的命运。当accounting system.
我们面对挫折时，是一颗不屈的
心让我们勇敢前行
Billing Schemes - (Correct Answer)Using false documentation to cause a targeted organization
to issue a payment for false services and/or purchases.
Check Tampering - (Correct Answer)Common method (Taking advantage of employee access to
blank company checks, using a password to
steal computer-generated checks or producing counterfeit checks).
Employee reimbursement scheme - (Correct Answer)Making false claims for reimbursement or
inflating or creating fictitious business expenses. (Travel /meal reimbursement.
,Corruption - (Correct Answer)Bribery, illegal gratuities, and/or extortion.
Bribery - (Correct Answer)When something of value is offered or given to influence a business
decision.
Illegal Gratuities - (Correct Answer)When something of value is given to an employee to reward
a business decision.
心的坚强决定了我们的命运。当
Extortion - (Correct Answer)When我们面对挫折时，是一颗不屈的
a person demands payment or seeks to influence a business
decision by threat of harm through心让我们勇敢前行
loss of business or personal injury.
Kickback Schemes - (Correct Answer)Forms of corruption involving employees and vendors,
often using inflated billing or invoices for which the employee is paid a portion of the inflated or
fictitious invoice.
Credit Card Fraud - (Correct Answer)The creation, sale, or use of a counterfeit credit card, or the
use of a stolen credit or debit card.
C.N.P - (Correct Answer)Card not present transactions
, Identity Theft - (Correct Answer)The fraudulent acquisition or stealing of confidential personal
information through social engineering.
Identity Fraud - (Correct Answer)Involves the unauthorized use of another person's personal data
for illegal financial benefit. Involves abusing the stolen information to transact personal business
in the victim's name.
Wildcat Banking - (Correct Answer)An extreme form of what was called free banking. "A bank
that issued notes without adequate心的坚强决定了我们的命运。当
security in the period before the establishment of the national
我们面对挫折时，是一颗不屈的
banking system in 1864".
心让我们勇敢前行
2 categories that encompass Fraud - (Correct Answer)Theft (stealing money, ID, or assets) and
deception (cooking the books, lying to shareholders, employees or partners)
Savings and Loan Crisis - (Correct Answer)The failure of about 1000 savings and loan banks as
a result of risky business practices. The roots of the S&L crisis lay in excessive lending,
speculation, and risk-taking driven by the moral hazard created by deregulation and taxpayer
bailout guarantees.
WITH 100% RATED CORRECT ANSWERS EXPERT VERIFIED
GET IT A+ 2025 LATEST UPDATED
Fraud - (Correct Answer)"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."
心的坚强决定了我们的命运。当
我们面对挫折时，是一颗不屈的
Main types of fraud - (Correct Answer)Internal Fraud and External Fraud
心让我们勇敢前行
Internal Fraud - (Correct Answer)Activities that may be criminal, committed within an
organization, typically by the employee against the employer.
External Fraud - (Correct Answer)Deceptive conduct by non-employees that
deprives the organization of value, and/or is undertaken for financial gain.
Embezzlement - (Correct Answer)The theft of money, property, or other assets of the employer.
,Larceny - (Correct Answer)The taking away of the property of another, with the intent to convert
it to his/her own use.
Financial Fraud - (Correct Answer)"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.
Skimming (cash larceny) - (Correct Answer)Accounts receivable fraud, this involves simply
stealing cash before it enters the organization's
心的坚强决定了我们的命运。当accounting system.
我们面对挫折时，是一颗不屈的
心让我们勇敢前行
Billing Schemes - (Correct Answer)Using false documentation to cause a targeted organization
to issue a payment for false services and/or purchases.
Check Tampering - (Correct Answer)Common method (Taking advantage of employee access to
blank company checks, using a password to
steal computer-generated checks or producing counterfeit checks).
Employee reimbursement scheme - (Correct Answer)Making false claims for reimbursement or
inflating or creating fictitious business expenses. (Travel /meal reimbursement.
,Corruption - (Correct Answer)Bribery, illegal gratuities, and/or extortion.
Bribery - (Correct Answer)When something of value is offered or given to influence a business
decision.
Illegal Gratuities - (Correct Answer)When something of value is given to an employee to reward
a business decision.
心的坚强决定了我们的命运。当
Extortion - (Correct Answer)When我们面对挫折时，是一颗不屈的
a person demands payment or seeks to influence a business
decision by threat of harm through心让我们勇敢前行
loss of business or personal injury.
Kickback Schemes - (Correct Answer)Forms of corruption involving employees and vendors,
often using inflated billing or invoices for which the employee is paid a portion of the inflated or
fictitious invoice.
Credit Card Fraud - (Correct Answer)The creation, sale, or use of a counterfeit credit card, or the
use of a stolen credit or debit card.
C.N.P - (Correct Answer)Card not present transactions
, Identity Theft - (Correct Answer)The fraudulent acquisition or stealing of confidential personal
information through social engineering.
Identity Fraud - (Correct Answer)Involves the unauthorized use of another person's personal data
for illegal financial benefit. Involves abusing the stolen information to transact personal business
in the victim's name.
Wildcat Banking - (Correct Answer)An extreme form of what was called free banking. "A bank
that issued notes without adequate心的坚强决定了我们的命运。当
security in the period before the establishment of the national
我们面对挫折时，是一颗不屈的
banking system in 1864".
心让我们勇敢前行
2 categories that encompass Fraud - (Correct Answer)Theft (stealing money, ID, or assets) and
deception (cooking the books, lying to shareholders, employees or partners)
Savings and Loan Crisis - (Correct Answer)The failure of about 1000 savings and loan banks as
a result of risky business practices. The roots of the S&L crisis lay in excessive lending,
speculation, and risk-taking driven by the moral hazard created by deregulation and taxpayer
bailout guarantees.
