ACFE Questions and Answers Already Passed

ACFE Questions and Answers Already Passed Examples of electronic funds transfers include all of the following, except: Check kiting Advantages of electronic payments include all the following, except: Eliminates payment fraud The elderly are often targets of telemarketing schemes for all of the following reasons, except: They are not as intelligent as younger people An illegal business practice in which new investors' money is used to make payments to earlier investors is called:. Ponzi scheme The individual arrested in 2008 for losing almost $70 billion in investors' funds was: Bernie Madoff According to ACFE, heathcare expenditures in the U.S. equaled ____% of the national GDP in 2015. 17.8 All of the following are negative results of health care fraud, except: The cost of prescription drugs has dropped dramatically A reimbursement method in which providers receive one lump sum for each patient that they treat, regardless of how many services the provider renders to each patient is known as: capitation When a victim is tricked into divulging sensitive information using emails, fake websites, etc., it is called: phishing Controls to prevent password cracking include all of the following, except: Enhance firewall protection Types of malicious software that affect the normal operation of the computer and generally cause harm to the user or to the organization include all of the following, except: Easter eggs This case involves a company based in the country of cyprus The target of a potential fraud examination seems to be a person named: Yiannis All of the following are red flags appear in this case, except: the company's audit committee does not appear to be actively engaged in monitoring internal audit reports The type of fraud most likely being committed in this case is: Money laundering Money laundering is best defined by which of the following? The disguising of the existence, nature, source, ownership, location, and disposition of property derived from criminal activity. Of the three stages of money laundering, in which stage is money laundering most often detected? placement To help curb money laundering U.S. banks are required to do which of the following? banks are required to do all these things Balance sheet laundering can best be accomplished by: simply depositing cash without going through the income statement