Natalie, a Certified Fraud Examiner (CFE), is tasked with overseeing cybersecurity protocols for her employer, including identifying potential indicators of intrusion, or unauthorized access, to the organization's computer network. Which of the following could potentially indicate that the organization's network has been accessed or compromised?

• A.The network is transmitting much more data than usual to recipients outside the country in which the organization is located.
• B.Users are being denied access to network files they do not typically use in the normal course of business.
• C.When logging into the computer network, employees are reminded to change their log-in passwords before they expire.
• D.Updates to the operating systems of computers on the network are automatically installed to patch vulnerabilities.

Comment: *

Name: *

Email: *

Verification: *

Which of the following statements is TRUE with regard to the income statement?

• A.Gross profit is equal to revenues less operating expenses.
• B.Net profit is the difference between total sales and the cost of goods sold.
• C.A company's cash balance is usually the first line item listed.
• D.Gross revenue is the total amount of sales before deductions are applied.

Correct Answer: B

Explanation/Reference: https://www.zoho.com/books/guides/what-is-an-income-statement.html#:~:text=The%20income%20statement%20shows%20a,on%20a%20good%20financial%20footing

Comment: *

Name: *

Email: *

Verification: *

Linda, an assistant bank manager, purchases a new car that she cannot afford on her salary. To make her car payments, she takes money from a customer's account and then adjusts the bank's general ledger to cover the missing amount. Which of the following BEST describes Linda's scheme?

• A.False accounting entry
• B.Unauthorized withdrawal
• C.Moving money from dormant accounts
• D.Unauthorized disbursement of funds

Correct Answer: A

Explanation/Reference: https://www.actionfraud.police.uk/a-z-of-fraud/false-accounting-fraud

Comment: *

Name: *

Email: *

Verification: *

A shell company scheme in which actual goods or services are sold to the victim company is known as:

• A.Distribution scheme
• B.Allocation scheme
• C.Pass-through scheme
• D.Maintenance scheme

Comment: *

Name: *

Email: *

Verification: *

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

• A.A check fraud operation can be started with a computer, scanner, and printer.
• B.The equipment required to commit check fraud is relatively inexpensive.
• C.Check fraud is considered very risk due to the high likelihood of prosecution.
• D.The penalties for committing check fraud tend to be relatively mild.

Comment: *

Name: *

Email: *

Verification: *