2025 Latest 100% Exam Passing Ratio – CFE-Financial-Transactions-and-Fraud-Schemes Dumps PDF [Q87-Q105]

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2025 Latest 100% Exam Passing Ratio – CFE-Financial-Transactions-and-Fraud-Schemes Dumps PDF

Pass Exam With Full Sureness – CFE-Financial-Transactions-and-Fraud-Schemes Dumps with 235 Questions

The CFE-Financial-Transactions-and-Fraud-Schemes exam covers a wide range of topics related to financial transactions and fraud schemes, including money laundering, financial statement fraud, and asset misappropriation. It also covers the legal and regulatory environment surrounding fraud investigations, as well as tools and techniques used in fraud detection and prevention.

QUESTION 87
Which of the following is a FALSE statement regarding check fraud?

A check fraud operation can be started with a computer, scanner, and printer.

The equipment required to commit check fraud is relatively inexpensive.

Check fraud is considered very risk due to the high likelihood of prosecution.

The penalties for committing check fraud tend to be relatively mild.

Explanation/Reference: https://www.lifelock.com/learn/fraud/what-is-check-fraud

QUESTION 88
Which of the following is NOT a measure that is commonly taken by fraudsters during account takeover schemes?

Placing orders for products or transferring funds from the overtaken accounts

Ensuring that the contact information for the overtaken account remains the same to avoid alerting the true account holder

Using log-in credentials that have been stolen from one account to attempt to gain access to other payment accounts

Obtaining email addresses and other account log-in information by sending phishing emails

QUESTION 89
Which of the following is NOT a medium that commonly causes an organization’s proprietary information to be compromised?

Reports to company shareholders

Documents that were shredded using a cross-cut shredder

Speeches made by executives

Information displayed at an employee’s workstation

QUESTION 90
A variation between the physical inventory and the perpetual inventory totals is called:

Altered inventory

Account receivable

Shrinkage

Write-offs

QUESTION 91
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

Voided checks

Payable checks

Missing checks

Duplicate checks

QUESTION 92
Persuasive evidence of an arrangement does not exist when:

Revenue and corresponding expenses doesn’t match each other.

No written or verbal agreement exists.

Timings not meet properly

Capitalized expenses and Liabilities will not be up to satisfied level

QUESTION 93
Georgina works for TAK Intelligence, a competitive intelligence firm. She is tasked with gathering intelligence about ERO Corp., a competitor of one of TAK’s clients. To gather the intelligence, Georgina poses as a customer and contacts ERO. She then elicits sensitive information from an ERO employee.
Georgina’s approach is an example of:

Human intelligence

Baiting

Scavenging

Open-source intelligence

QUESTION 94
Which of the following scenarios is the MOST ACCURATE example of insurer health care fraud?

While acting as an intermediary for a government health care program, the insurance company verifies provider claims before billing the government for them.

To obtain regulatory approval for increasing its rates, the insurance company submits inflated cost data for review.

After negotiating discounts with its medical providers, the insurance company provides the negotiated rate to its consumers instead of the original amount.

Upon identifying that a claimant has provided incomplete information, the insurance company refuses to pay a claim.

QUESTION 95
Cynthia receives a fraudulent text message that appears to be from her credit card company. The message claims that the company has detected suspicious card transactions and provides a link for her to click to sign into her account for more information. Cynthia is MOST LIKELY being targeted by which of the following types of social engineering schemes?

Vishing

Smishing

Catfishing

Pharming

QUESTION 96
Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

True

False

QUESTION 97
Which of the following is a common red flag of a bid tailoring scheme?

Changes in contract specifications from previous proposals are explained in detail.

The procuring entity rebids contracts because fewer than the minimum number of bids are received.

Numerous bidders respond to the procuring entity’s bid requests.

There are unusually broad specifications for the type of goods being procured.

Explanation/Reference: https://www.amcto.com/getattachment/Education-Events/Annual-Conference/2019-Annual-Conference/Conference-Program-and-Schedule/Tammy-Carruthers-Procurement-Fraud.pdf.aspx?lang=en-CA (49)

QUESTION 98
Schemes in which an employee physically misappropriates cash that has already appeared on the victim organization’s books are known as:

Understated sales skimming schemes

Cash larceny schemes

Unrecorded sales skimming schemes

General ledger schemes

Explanation/Reference: https://www.acfe.com/uploadedFiles/Shared_Content/Products/Self-Study_CPE/Intro%20to%20Fraud-Chapter%20Excerpt.pdf

QUESTION 99
_________ revenues involve the recording sales of goods or services hat did not occur.

Fictitious or fabricated revenues

Financial revenues

Red flag revenues

Concealed revenues

QUESTION 100
Accounts receivable that never get collected are a common sign of fictitious revenue schemes.

True

False

Explanation/Reference: https://www.brainscape.com/flashcards/financial-statement-fraud-4459788/packs/6637157

QUESTION 101
Which of the following is FALSE concerning methods corporate spies generally use to steal information from other organizations?

Spies often create counterfeit employee badges to gain entrance into a target company.

Spies often gain direct access to a target company by obtaining employment as a security officer or a member of the janitorial crew.

When spies use technical surveillance to obtain information about target companies, they gather documentary evidence that can be found through open sources.

When spies use social engineering, they manipulate people into handing over secret information through the use of trickery, persuasion, threats, or cajolery.

QUESTION 102
Which of the following statements about competitive intelligence is CORRECT?

Competitive intelligence is considered a legitimate business function.

Competitive intelligence refers to government-sanctioned activities conducted to collect protected information from a foreign government.

Competitive intelligence and corporate espionage describe identical practices.

Competitive intelligence involves the use of illegal, covert means to acquire information for commercial purposes.

QUESTION 103
Pilar had to purchase computer equipment for ABC Corporation, her employer. Pilar created a shell company, used the shell company to purchase used computer equipment, and then resold that equipment to ABC Corporation at an increased price. This is an example of a:

Need recognition scheme

Pay and return scheme

Pass-through scheme

Cash larceny scheme

QUESTION 104
Which of the following must be present for a fraud to exist?

A material false statement

Knowledge that the statement was false when it was uttered

Reliance on the fast statement by the victim

All of the above

QUESTION 105
________ decrease assets and expenses and/or increase liabilities and/or equity

Journal Entries

Debit

Credit

None of all

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The CFE-Financial-Transactions-and-Fraud-Schemes certification is highly respected in the industry and is recognized around the world. It is a valuable credential for individuals who are interested in pursuing a career in fraud examination or who are already working in the field. By passing the exam and obtaining the certification, individuals demonstrate their knowledge and skills in the area of financial transactions and fraud schemes, which can lead to increased job opportunities and higher salaries.

Verified CFE-Financial-Transactions-and-Fraud-Schemes dumps Q&As – 100% Pass from PrepAwayTest: https://www.prepawaytest.com/ACFE/CFE-Financial-Transactions-and-Fraud-Schemes-practice-exam-dumps.html

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