12/5/24, 2:15 PM CFCI Study Guide |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET …
CFCI Study Guide |2024 UPDATE |ACTUAL
EXAM QUESTIONS AND VERIFIED
ANSWERS/ACCURATE SOLUTIONS |GET IT 100%
CORRECT!! ALREADY GRADED A+
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Terms in this set (136)
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,12/5/24, 2:15 PM CFCI Study Guide |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET …
"Any illegal acts Fraud
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."
Internal Fraud and Main types of fraud
External Fraud
which involves the Internal Fraud
employees of the
company against which
the fraud is perpetrated
deceptive conduct by External Fraud
non-employees that
deprives the organization
of value, and/or is
undertaken for financial
gain.
theft or misappropriation embezzlement
of funds placed in one's
trust or belonging to
one's employer.
https://quizlet.com/980337637/cfci-study-guide-2024-update-actual-exam-questions-and-verified-answersaccurate-solutions-get-it-100-correct-al… 2/26
, 12/5/24, 2:15 PM CFCI Study Guide |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET …
"cooking the books." This financial fraud
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.
Accounts receivable Skimming (cash larceny)
fraud, this
involves simply stealing
cash before it enters the
organization's accounting
system.
Perpetrated by Billing Schemes
employees who cause
their employer to issue a
payment to a false
supplier by submitting
invoices for fictitious
goods or services,
inflated invoices, or
invoices for personal
purchases.
taking advantage of check tampering
employee access to
blank company checks,
using a password to
steal computer-
generated checks, or
producing counterfeit
checks.
https://quizlet.com/980337637/cfci-study-guide-2024-update-actual-exam-questions-and-verified-answersaccurate-solutions-get-it-100-correct-al… 3/26
CFCI Study Guide |2024 UPDATE |ACTUAL
EXAM QUESTIONS AND VERIFIED
ANSWERS/ACCURATE SOLUTIONS |GET IT 100%
CORRECT!! ALREADY GRADED A+
Practice questions for this set
Learn
Studied 7 terms
Nice work, you're crushing it
Continue studying in Learn
Terms in this set (136)
https://quizlet.com/980337637/cfci-study-guide-2024-update-actual-exam-questions-and-verified-answersaccurate-solutions-get-it-100-correct-al… 1/26
,12/5/24, 2:15 PM CFCI Study Guide |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET …
"Any illegal acts Fraud
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."
Internal Fraud and Main types of fraud
External Fraud
which involves the Internal Fraud
employees of the
company against which
the fraud is perpetrated
deceptive conduct by External Fraud
non-employees that
deprives the organization
of value, and/or is
undertaken for financial
gain.
theft or misappropriation embezzlement
of funds placed in one's
trust or belonging to
one's employer.
https://quizlet.com/980337637/cfci-study-guide-2024-update-actual-exam-questions-and-verified-answersaccurate-solutions-get-it-100-correct-al… 2/26
, 12/5/24, 2:15 PM CFCI Study Guide |2024 UPDATE |ACTUAL EXAM QUESTIONS AND VERIFIED ANSWERS/ACCURATE SOLUTIONS |GET …
"cooking the books." This financial fraud
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.
Accounts receivable Skimming (cash larceny)
fraud, this
involves simply stealing
cash before it enters the
organization's accounting
system.
Perpetrated by Billing Schemes
employees who cause
their employer to issue a
payment to a false
supplier by submitting
invoices for fictitious
goods or services,
inflated invoices, or
invoices for personal
purchases.
taking advantage of check tampering
employee access to
blank company checks,
using a password to
steal computer-
generated checks, or
producing counterfeit
checks.
https://quizlet.com/980337637/cfci-study-guide-2024-update-actual-exam-questions-and-verified-answersaccurate-solutions-get-it-100-correct-al… 3/26
