CFE-Financial-Transactions-and-Fraud-Schemes Premium Exam Questions

Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Questions and Answers

Question 25

Bid-rigging scheme occurs when:

an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

an employee does not assist a vendor in winning a contract through the competitive bidding process.

an employee once assists a vendor in winning a contract through a single competitive bidding process.

Question 26

Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

Voided checks

Payable checks

Missing checks

Duplicate checks

Question 27

Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

Accruals

Depreciations

Expenses

Financial record