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Exam Code : CFEX
Exam Name : Certified Fraud Examiner (CFEX)
Vendor Name :
"ACFE"

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CFEX

Certified Fraud Examiner (CFEX)

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Question: 167

Bank statement are diligently reviewed to ensure that amounts and signature have not

been altered, is an activity for:

1. Account analysis

2. Bank reconciliation

3. Check disbursement controls

4. Check tampering

Answer: C

Question: 168

Physical tampering prevention is a check tampering technique that is used to secure bank-

assisted controls.

1. True

2. False

Answer: B

Question: 169

A technique by which checks are numbered using a new technique that is revealed by a

colored highlighter pen or by a bright light held behind the check is called:

1. Microline numbering

2. Holographic safety border

3. Embossed pearlescent numbering

4. None of the above

Answer: B

Question: 170

In physical tampering prevention technique, hidden images can be seen only when the

check is held at an angle through:

1. High-resolution sprays

2. Holographic safety inks

3. Watermark backers

4. Chrome coloring

Answer: C

Question: 171

When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:

1. Registry destroying records

2. Register false voids

3. Fraudulent register occurrences

4. Concealing register disbursement

Answer: D Question: 172
When employees avoid detection disbursement low, is referred to:	in a	refund scheme to keep the	sizes of the
A. Small disbursements
Very small disbursements Simple disbursements
D. None of the above

Answer: A

Question: 173

One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

1. True

2. False

Answer: A

Question: 174

can be detected by closely examining the documentation submitted with the cash receipts.

1. Voided purchases

2. Fictitious refunds

3. Approved transaction

4. None of the above

Answer: B

Question: 175

Multiple cashiers operate from a single cash drawer without separate access codes is a red

flag for:

1. Fraudulent scheme

2. Disbursement scheme

3. Register scheme

4. Force inventory scheme

Answer: C

Question: 176

Maintain the presence of a manager or supervisor near the area of the cash register as a

deterrent to theft is a prevention for:

1. Fraudulent statement scheme

2. Asset misappropriation scheme

3. Larceny scheme

4. Register disbursement scheme

Answer: D

Question: 177

The scheme which reduces victim companies to issue fraudulent payments for goods or

services that they have not received is called:

1. Bogus claims

2. Billing scheme

3. Reliance billing

4. Misappropriate claims

Answer: A

Question: 178

The most common method for billing scheme is:

1. Register

2. Tips

3. Accident

Answer: B

Question: 179

Which of the following is NOT the type of billing scheme?

1. Invoicing via shell companies

2. Invoicing via non-accomplice companies

3. Invoicing via accomplice companies

4. Personal purchases with company funds

Answer: C

Question: 180

In scheme, an employee creates false vouchers or submits false invoices to the employer.

1. Sale requisition

2. Purchase requisition

3. Voucher handling

4. Cash generating

Answer: D

Question: 181

A voucher is:

1. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased , and the internal receiving reports that verify the purchased items have been delivered.

2. a figure that includes the sale order that was send to the dealer, the vendor invoice

   listing the cost and quantity of items sold , and the internal receiving reports that verify the purchased items have been delivered.

3. a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased , and the external receiving

   reports that verify the items have been sold.

4. a mammogram that includes the purchase order that was send to the purchaser, the

purchaser invoice listing the benefits and quantity of items purchased , and the internal receiving reports that verify the purchased items have been sold.

Question: 182

A fabricated name and the post office box that an employee uses to collect disbursements

from false billings is called:

1. Accomplice residence

2. Shell company

3. Perpetrator check

4. Cash generator

Answer: B

Question: 183

One reason employees might be hesitant to use PO boxes in shell company schemes is

that some businesses are specially vary of sending checks to vendors that have street addresses only.

1. True

2. False

Answer: B

Question: 184

What is sometimes used to overcome well-designed internal controls of a victim company?

1. Shell company

2. Fraudulent invoices

3. Collusion

4. Rubber stamp supervisors

Answer: C

Question: 185

Most of the shell company schemes involve the purchase of goods rather than services.

1. True

2. False

Answer: B

Question: 186

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

1. Maintenance scheme

2. Allocation scheme

3. Distribution scheme

4. Pass-through scheme

Answer: D

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