Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Dumps Questions & Answers

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.

• A.  True
• B.  False

Skimming cases can more likely be detected by:

• A.  Internal controls
• B.  Occupational frauds
• C.  Internal audits
• D.  Accidents

Inventory shrinkage is the unaccounted-for reduction in the company's inventory that does not result from theft.

• A.  True
• B.  False

Financial statement fraud is BEST described as the intentional or accidental misstatement of amounts in the financial statements.

• A.  True
• B.  False

Which of the following would be helpful in detecting a cash larceny scheme?

• A.  Having the accounts receivable clerk prepare the bank deposit
• B.  Requiring cashiers to perform cash counts of their own cash registers at the end of each shift
• C.  Reconciling cash register totals to the amount of cash in the register drawer
• D.  Prohibiting employees from performing the duties of an absent employee