Tram is a branch manager at a financial institution. She is responsible for putting several preventive measures into effect to safeguard the bank and its customers from electronic funds transfer (EFT) fraud. Which of the following is a measure Tram should take to prevent EFT fraud?

• A.Track the use of an access device for the next several days if a customer reports that it has been lost or stolen.
• B.Make the same employee responsible for both the issuance of PINs and access devices.
• C.Send a welcome letter to new customers to determine if the address submitted on the account application is valid.
• D.Mail PINs and other associated account information together to reduce their chances of being lost in the email.

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Which of the following is a reason why prepaid debit and gift card fraud schemes are appealing to fraudsters?

• A.Prepaid cards can be purchased with stolen credit cards and used to quickly convert illicit credit card funds into legitimate cash.
• B.Prepaid cards can only be purchased from financial institutions.
• C.Prepaid cards are often not accepted by online retailers and can only be used in transactions in which the cards must be physically present.
• D.All of the above are reasons why prepaid cards are appealing to fraudsters.

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_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

• A.Expenses
• B.Supplies
• C.Assets
• D.Equity

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Which of the following scenarios is an example of upcoding?

• A.Dr. Johnson, a psychiatrist, regularly sees patients for sessions lasting less then forty minutes, but she submits the claims with a code that indicates the sessions were sixty minutes long.
• B.Victor receives payment in exchange for undergoing an unnecessary medical procedure that is then billed to his health care program.
• C.Margot inflates a medical bill she is seeking reimbursement for by adding an additional digit to the amount charged.
• D.Dr. Hernandez uses four procedure codes when submitting a claim for a coronary bypass he performed that is supposed to be billed using a single procedure code.

Correct Answer: A

Explanation/Reference: https://www.acfeinsights.com/acfe-insights/2018/12/12/health-care-fraud-5-common-billing-schemes

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Which of the following is not a skimming scheme?

• A.Unrecorded sales
• B.Fraud & Cost
• C.Theft of checks through the mail
• D.Understated sales and receivables

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