CFCI Study Guide |2024 UPDATE |
ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS/ACCURATE
SOLUTIONS |GET IT 100% CORRECT!!
ALREADY GRADED A+
"Any hhillegal hhacts hhcharacterized hhby hhdeceit, hhconcealment, hhor hhviolation hhof
hhtrust. hhThese hhacts hhare hhnot hhdependent hhupon hhthe hhperpetrated hhby hhindividuals
hhand hhorganizations hhto hhobtain hhmoney, hhproperty, hhor hhservices; hhto hhavoid
hhpayment hhor hhloss hhof hhservices; hhor hhto hhsecure hhpersonal hhor hhbusiness hhad-
vantage." hh- hhANS-Fraud
Internal hhFraud hhand hhExternal hhFraud hh- hhANS-Main hhtypes hhof hhfraud
which hhinvolves hhthe hhemployees hhof hhthe hhcompany hhagainst hhwhich hhthe hhfraud
hhis hhperpetrated hh- hhANS-Internal hhFraud
deceptive hhconduct hhby hhnon-employees hhthat
deprives hhthe hhorganization hhof hhvalue, hhand/or hhis hhundertaken hhfor hhfinancial hhgain.
hh- hhANS-External hhFraud
theft hhor hhmisappropriation hhof hhfunds hhplaced hhin hhone's hhtrust hhor hhbelonging hhto
hhone's hhemployer. hh- hhANS-embezzlement
"cooking hhthe hhbooks." hhThis hhtype hhof
fraud hhgenerally hhrefers hhto hhfalsely hhrepresenting hhthe hhfinancial hhcondition hhof hhthe
hhcompany, hhso hhas hhto hhinflate hhthe hhvalue hhof hhstock, hhfraudulently hhboost
hhexecutive hhbonuses, hhor hhotherwise hhmislead hhshareholders, hhlenders, hhemployees,
hhinvestment hhanalysts, hhor hhother hhusers hhof hhthe hhinformation. hh- hhANS-financial
hhfraud
Accounts hhreceivable hhfraud, hhthis
, involves hhsimply hhstealing hhcash hhbefore hhit hhenters hhthe hhorganization's hhaccounting
hhsystem. hh- hhANS-Skimming hh(cash hhlarceny)
Perpetrated hhby hhemployees hhwho hhcause hhtheir hhemployer hhto hhissue hha hhpayment
hhto hha hhfalse hhsupplier hhby hhsubmitting hhinvoices hhfor hhfictitious hhgoods hhor
hhservices, hhinflated hhinvoices, hhor hhinvoices hhfor hhpersonal hhpurchases. hh- hhANS-
Billing hhSchemes
taking hhadvantage hhof hhemployee hhaccess hhto hhblank hhcompany hhchecks, hhusing hha
hhpassword hhto
steal hhcomputer-generated hhchecks, hhor hhproducing hhcounterfeit hhchecks. hh- hhANS-
check hhtampering
making hhfalse hhclaims hhfor hhreimbursement, hhor hhinflating hhor hhcreating hhfictitious
hhbusiness hhexpenses. hh(Travel hh/meal hhreimbursement. hh- hhANS-Employee
hhreimbursement hhscheme
Bribery, hhillegal hhgratuities, hhand/or hhextortion. hh- hhANS-corruption
when hhsomething hhof hhvalue hhis hhoffered hhor hhgiven hhto hhinfluence hha hhbusiness
hhdecision hh- hhANS-bribery
when hhsomething hhof hhvalue hhis hhgiven hhto hhan hhemployee hhto hhreward hha
hhbusiness hhdecision. hh- hhANS-Illegal hhGratuities
when hha hhperson hhdemands hhpayment hhor hhseeks hhto hhinfluence hha hhbusiness
hhdecision hhby hhthreat hhof hhharm hhthrough hhloss hhof hhbusiness hhor hhpersonal hhinjury.
hh- hhANS-Extortion
involving hhemployees hhand hhvendors, hhoften hhusing hhinflated hhbilling hhor hhinvoices
hhfor hhwhich hhthe hhemployee hhis hhpaid hha hhportion hhof hhthe hhinflated hhor hhfictitious
hhinvoice. hh- hhANS-Kickback hhSchemes
the hhcreation, hhsale, hhor hhuse hhof hha hhcounterfeit hhcredit hhcard, hhor hhthe hhuse hhof hha
hhstolen hhcredit hhor hhdebit hhcard. hh- hhANS-credit hhcard hhfraud
Card hhnot hhpresent hhtransactions hh- hhANS-C.N.P
involves hhthe hhunauthorized hhuse hhof hhanother hhperson's hhpersonal hhdata hhfor
hhillegal hhfinancial hhbenefit. hhInvolves hhabusing hhthe hhstolen hhinformation hhto
hhtransact hhpersonal hhbusiness hhin hhthe hhvictim's hhname. hh- hhANS-identity hhfraud
the hhfraudulent hhacquisition hhor hhstealing hhof hhconfidential hhpersonal hhinformation. hh-
hhANS-identity hhtheft
ACTUAL EXAM QUESTIONS AND
VERIFIED ANSWERS/ACCURATE
SOLUTIONS |GET IT 100% CORRECT!!
ALREADY GRADED A+
"Any hhillegal hhacts hhcharacterized hhby hhdeceit, hhconcealment, hhor hhviolation hhof
hhtrust. hhThese hhacts hhare hhnot hhdependent hhupon hhthe hhperpetrated hhby hhindividuals
hhand hhorganizations hhto hhobtain hhmoney, hhproperty, hhor hhservices; hhto hhavoid
hhpayment hhor hhloss hhof hhservices; hhor hhto hhsecure hhpersonal hhor hhbusiness hhad-
vantage." hh- hhANS-Fraud
Internal hhFraud hhand hhExternal hhFraud hh- hhANS-Main hhtypes hhof hhfraud
which hhinvolves hhthe hhemployees hhof hhthe hhcompany hhagainst hhwhich hhthe hhfraud
hhis hhperpetrated hh- hhANS-Internal hhFraud
deceptive hhconduct hhby hhnon-employees hhthat
deprives hhthe hhorganization hhof hhvalue, hhand/or hhis hhundertaken hhfor hhfinancial hhgain.
hh- hhANS-External hhFraud
theft hhor hhmisappropriation hhof hhfunds hhplaced hhin hhone's hhtrust hhor hhbelonging hhto
hhone's hhemployer. hh- hhANS-embezzlement
"cooking hhthe hhbooks." hhThis hhtype hhof
fraud hhgenerally hhrefers hhto hhfalsely hhrepresenting hhthe hhfinancial hhcondition hhof hhthe
hhcompany, hhso hhas hhto hhinflate hhthe hhvalue hhof hhstock, hhfraudulently hhboost
hhexecutive hhbonuses, hhor hhotherwise hhmislead hhshareholders, hhlenders, hhemployees,
hhinvestment hhanalysts, hhor hhother hhusers hhof hhthe hhinformation. hh- hhANS-financial
hhfraud
Accounts hhreceivable hhfraud, hhthis
, involves hhsimply hhstealing hhcash hhbefore hhit hhenters hhthe hhorganization's hhaccounting
hhsystem. hh- hhANS-Skimming hh(cash hhlarceny)
Perpetrated hhby hhemployees hhwho hhcause hhtheir hhemployer hhto hhissue hha hhpayment
hhto hha hhfalse hhsupplier hhby hhsubmitting hhinvoices hhfor hhfictitious hhgoods hhor
hhservices, hhinflated hhinvoices, hhor hhinvoices hhfor hhpersonal hhpurchases. hh- hhANS-
Billing hhSchemes
taking hhadvantage hhof hhemployee hhaccess hhto hhblank hhcompany hhchecks, hhusing hha
hhpassword hhto
steal hhcomputer-generated hhchecks, hhor hhproducing hhcounterfeit hhchecks. hh- hhANS-
check hhtampering
making hhfalse hhclaims hhfor hhreimbursement, hhor hhinflating hhor hhcreating hhfictitious
hhbusiness hhexpenses. hh(Travel hh/meal hhreimbursement. hh- hhANS-Employee
hhreimbursement hhscheme
Bribery, hhillegal hhgratuities, hhand/or hhextortion. hh- hhANS-corruption
when hhsomething hhof hhvalue hhis hhoffered hhor hhgiven hhto hhinfluence hha hhbusiness
hhdecision hh- hhANS-bribery
when hhsomething hhof hhvalue hhis hhgiven hhto hhan hhemployee hhto hhreward hha
hhbusiness hhdecision. hh- hhANS-Illegal hhGratuities
when hha hhperson hhdemands hhpayment hhor hhseeks hhto hhinfluence hha hhbusiness
hhdecision hhby hhthreat hhof hhharm hhthrough hhloss hhof hhbusiness hhor hhpersonal hhinjury.
hh- hhANS-Extortion
involving hhemployees hhand hhvendors, hhoften hhusing hhinflated hhbilling hhor hhinvoices
hhfor hhwhich hhthe hhemployee hhis hhpaid hha hhportion hhof hhthe hhinflated hhor hhfictitious
hhinvoice. hh- hhANS-Kickback hhSchemes
the hhcreation, hhsale, hhor hhuse hhof hha hhcounterfeit hhcredit hhcard, hhor hhthe hhuse hhof hha
hhstolen hhcredit hhor hhdebit hhcard. hh- hhANS-credit hhcard hhfraud
Card hhnot hhpresent hhtransactions hh- hhANS-C.N.P
involves hhthe hhunauthorized hhuse hhof hhanother hhperson's hhpersonal hhdata hhfor
hhillegal hhfinancial hhbenefit. hhInvolves hhabusing hhthe hhstolen hhinformation hhto
hhtransact hhpersonal hhbusiness hhin hhthe hhvictim's hhname. hh- hhANS-identity hhfraud
the hhfraudulent hhacquisition hhor hhstealing hhof hhconfidential hhpersonal hhinformation. hh-
hhANS-identity hhtheft
