Higher Test Marks with Free Online CFE-Financial-Transactions-and-Fraud-Schemes Exam Practice

Assess the CertsIQ’s updated CFE-Financial-Transactions-and-Fraud-Schemes exam questions for free online practice of your Certified Fraud Examiner - Financial Transactions and Fraud Schemes test. Our CFE Financial Transactions and Fraud Schemes dumps questions will enhance your chances of passing the Certified Fraud Examiner certification exam with higher marks.

Question 1

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

Options :

A : True

B : False

Answer: B

Question 2

Which of the following method is NOT used to detect conflicts of interest?

Options :

A : Tips & Complaints

B : Review of vendor ownership files

C : Underbillings of assets

D : Interviews with purchasing personnel

Answer: C

Question 3

The seller's price to the buyer is not fixed or determinable when:

Options :

A : When the price is not contingent on some future events

B : The transaction includes an option to exchange the product for others

C : A service or membership fee is not subject predictable cancellation during the contract period.

D : Payment terms are not extended for a substantial period.

Answer: B

Question 4

Which of the following is NOT the reason why senior management will overstate business statement?

Options :

A : Comply with debit covenants

B : Meet personal performance criteria

C : Trigger performance related compensation

D : Show a pattern of growth to support sale of a business

Answer: A

Question 5

A voucher is:

Options :

A : a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered

B : a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

C : a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

D : a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

Answer: A