New CFE-Financial-Transactions-and-Fraud-Schemes Real Exam - Actual CFE-Financial-Transactions-and-Fraud-Schemes Test
New CFE-Financial-Transactions-and-Fraud-Schemes Real Exam - Actual CFE-Financial-Transactions-and-Fraud-Schemes Test
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Tags: New CFE-Financial-Transactions-and-Fraud-Schemes Real Exam, Actual CFE-Financial-Transactions-and-Fraud-Schemes Test, Visual CFE-Financial-Transactions-and-Fraud-Schemes Cert Test, CFE-Financial-Transactions-and-Fraud-Schemes Test Result, CFE-Financial-Transactions-and-Fraud-Schemes Certification Exam
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To pass the CFE-Financial-Transactions-and-Fraud-Schemes exam, candidates must score at least 75% on each section of the exam. CFE-Financial-Transactions-and-Fraud-Schemes exam is computer-based and can be taken at any of the ACFE’s testing centers around the world.
The CFE-Financial-Transactions-and-Fraud-Schemes exam consists of four sections, including Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. CFE-Financial-Transactions-and-Fraud-Schemes Exam can be taken in-person or online and is designed to be completed within six months. Upon passing the exam and fulfilling the necessary requirements, individuals will receive the CFE-Financial-Transactions-and-Fraud-Schemes certification, which is valid for two years.
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ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Sample Questions (Q198-Q203):
NEW QUESTION # 198
Martin worked in the warehouse of a large electronics distributor. When a shipment of five hundred cameras arrived, Martin stole one hundred of the units. He sent a receiving report to accounts payable indicating that all five hundred cameras arrived. However, he altered the copy used for the inventory records to indicate that only four hundred of the units were received so that the available inventory would match the perpetual inventory records. What type of scheme did Martin commit?
- A. A purchasing and receiving scheme
- B. A skimming scheme
- C. A register disbursement scheme
- D. A false sale scheme
Answer: B
Explanation:
Explanation/Reference: https://www.acfe.com/uploadedFiles/Shared_Content/Products/Self-Study_CPE/Intro%20to%20Fraud-Chapter%20Excerpt.pdf
NEW QUESTION # 199
Which of the following ratios can be used to assess a company's ability to meet sudden cash requirements?
- A. Receivable turnover ratio
- B. Quick ratio
- C. Asset turnover ratio
- D. Debt-to-equity ratio
Answer: C
Explanation:
Explanation/Reference: https://www.investopedia.com/ask/answers/062215/what-are-financial-risk-ratios-and-how-are-they-used-measure-risk.asp
NEW QUESTION # 200
Which of the following must be present for a fraud to exist?
- A. A material false statement
- B. All of the above
- C. Knowledge that the statement was false when it was uttered
- D. Reliance on the fast statement by the victim
Answer: B
NEW QUESTION # 201
According to Hollinger and Clark for Policy development, management must pay attention to:
- A. Enforcement of sanctions
- B. Both A & B
- C. A clear understanding regarding theft behavior
- D. Neither A nor B
Answer: B
NEW QUESTION # 202
Disabling the biometric features on a mobile device is a recommended action to help increase the security of mobile payments.
- A. False
- B. True
Answer: A
Explanation:
Explanation/Reference: https://www.thalesgroup.com/en/markets/digital-identity-and-security/government/inspired/biometrics
NEW QUESTION # 203
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