CFE-Financial-Transactions-and-Fraud-Schemes Sample Exam - ACFE Test CFE-Financial-Transactions-and-Fraud-Schemes Pattern: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Finally Passed
CFE-Financial-Transactions-and-Fraud-Schemes Sample Exam - ACFE Test CFE-Financial-Transactions-and-Fraud-Schemes Pattern: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Finally Passed
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ACFE CFE-Financial-Transactions-and-Fraud-Schemes exam is a certification offered by the Association of Certified Fraud Examiners (ACFE) for professionals seeking to become Certified Fraud Examiners in the field of financial transactions and fraud schemes. CFE-Financial-Transactions-and-Fraud-Schemes Exam is designed to test the knowledge and skills of individuals involved in the prevention, detection, and investigation of fraud in financial transactions.
ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Sample Questions (Q79-Q84):
NEW QUESTION # 79
A fraudster poses as the head of one of XYZ Company's foreign suppliers and sends an email to an XYZ employee requesting that this month's payments be made to an alternate account that the fraudster owns. This is an example of which of the following types of fraud schemes?
- A. Reverse social engineering
- B. Electronic piggybacking
- C. Executive email attack
- D. Business email compromise
Answer: B
Explanation:
Explanation/Reference: https://whatis.techtarget.com/definition/piggybacking
NEW QUESTION # 80
A journal in which all sales made on credit or cash are listed is:
- A. Accounts payable journal
- B. General journal
- C. Accounts receivable journal
- D. Disbursement journal
Answer: C
NEW QUESTION # 81
According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:
- A. Services has been rendered
- B. Timings have been met
- C. Collectability is reasonably assured
- D. Persuasive evidence of an arrangement exists
Answer: B
NEW QUESTION # 82
Which of the following is a reason why prepaid debit and gift card fraud schemes are attractive to fraudsters?
- A. All of the above are reasons why prepaid cards are attractive to fraudsters.
- B. Prepaid cards are often not accepted by online retailers and can only be used in transactions where the cards must be physically present.
- C. Prepaid cards can only be purchased from financial institutions.
- D. Prepaid cards are difficult for authorities to track after the cards have been purchased and activated for use.
Answer: D
Explanation:
Explanation/Reference: https://www.acfe.com/article.aspx?id=4294980869
NEW QUESTION # 83
A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.
- A. Illegal sale
- B. Unauthorized purchase
- C. Financial disclosure
- D. Conflict of interest
Answer: D
NEW QUESTION # 84
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