Verified CFE-Financial-Transactions-and-Fraud-Schemes Dumps Q&As – CFE-Financial-Transactions-and-Fraud-Schemes Test Engine with Correct Answers [Q36-Q56]

NO.36 When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.

NO.37 The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

NO.38 Bid-rigging scheme occurs when:

NO.39 Which of the following is an example of a corruption scheme?

NO.40 Green, an employee of ABC Corporation, formed a company called Acme Consulting. He opened a bank account in Acme’s name and used his home computer to create invoices from Acme for “consulting services.” In reality, Acme does not provide any services at all. It is a company in name only. Green submitted the invoices from Acme Consulting to his employer, ABC Corporation. When ABC made payment on the false invoices, Green collected and deposited them. What type of scheme has Green committed?

NO.41 Neil, a Certified Fraud Examiner (CFE), discovers that a borrower used the same property as a security, or guarantee, to obtain multiple loans from different financial institutions before they were recorded on his credit report. Which type of loan fraud BEST describes the scheme Neil uncovered?

NO.42 Delivery has not occurred or services have not been rendered when:

NO.43 Which of the following is NOT the example of bribery prevention policies?

NO.44 Green was a salesperson whose job required frequent travel. When Green went on a trip with her family that was not business related, she saved the receipts from her flight, hotel, and restaurant expenses. She turned in these receipts to her manager along with an expense report that described the expenses as business related.
Green’s company reimbursed her for the expenses. This is an example of what type of expense reimbursement scheme?

NO.45 Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

NO.46 Blue borrowed her employer’s snowplow for her own snow removal business, which she operates on the side.
Blue only used the snowplow on the weekends or after hours, when her employer was not open for business.
Blue falsified the mileage and usage logs for the snowplow so that no one would know she had been using it.
The snowplow was returned unharmed. Which of the following statements is MOST ACCURATE?

NO.47 By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

NO.48 Which of the following scenarios does NOT describe a card skimming or shimming scheme?

NO.49 To detect health care provider fraud, a fraud examiner should be alert for which of the following red flags?

NO.50 Which of the following scenarios is MOST indicative of a loan fraud scheme?

NO.51 Forced reconciliation of the account says:

NO.52 A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

NO.53 ____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

NO.54 Larceny by Fraud or deception means that:

NO.55 Which of the following can constitute a bribe, even if the illicit payment is never actually made?

NO.56 If a construction developer submitted a draw request to a bank, which of the following would be most indicative of loan fraud?