Free Access to ACFE.CFE-Financial-Transactions-and-Fraud-Schemes.v2025-06-02.q127 with Valid Practice Test (Page 24)

Which of the following scenarios describes an electronic funds transfer (EFT) fraud scheme?

A.A person who has stolen information about another person's bank account instructs a biller to obtain payment from that account.
B.A server secretly scans a customer's credit card information into a small device for fraudulent use at a later time.
C.An employee of a person-to-person (P2P) provider misrepresents the number of hours they worked to increase the amount of their paycheck.
D.A credit card is intercepted in the mail by a thief who proceeds to use the card fraudulently.

When an employee processes a fictitious refund of goods, the amount of cash in the register does not balance with the register log.

Which of the following would NOT be considered a conflict of interest?

A.Jane hires her cousin, Rita, to provide shipping and packaging services for her company, but she does not disclose their relationship.
B.Jenny purchases materials from Great Oaks Lumber for her employer to use in projects; Jenny's husband works for Great Oaks Lumber, and she has not informed her employer of this.
C.James works for the Muscle Factory Gym on weekdays and Earthworks Lawn Mowing on weekends, but he does not tell either employer about the other job.
D.Josh owns a significant amount of stock in a company he regularly buys office supplies from, and his employer is unaware of this fact.

Which of the following factors is NOT included in most financial statement schemes?

Which of the following are the classifications for the Corruption?

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