Latest CRFA Practice Tests with Actual Questions

Get Complete pool of questions with Premium PDF and Test Engine

Exam Code : CRFA
Exam Name : Certified Forensic Accountant (CRFA)
Vendor Name :
"Financial"

Download Full Version of CRFA

---

CRFA Dumps CRFA Braindumps

CRFA Real Questions CRFA Practice Test CRFA Actual Questions

killexams.com Financial CRFA

Certified Forensic Accountant (CRFA)

https://killexams.com/pass4sure/exam-detail/CRFA

Answer: C

Question: 355

Which of the following might constitute a breach of trust by the trustee of a PN or PC trust fund, resulting in potential fraud?

1. Disclosing false information or not disclosing material information

2. Disbursing funds in accordance with trust document

3. Providing quarterly, rather than monthly trustee statements

4. a and b

Answer: A

Question: 356

Insurance Funded Preneed Sales – the risk of fraud is low because:

1. A third party is involved

2. Operators can easily forge documents to deceive the third party service organization

3. Sarbanes-Oxley does nothing to help tighten controls at publicly traded insurance companies

4. Funeral providers collect premiums from customers

Answer: A

Question: 357

Forensic accountants may be involved in recovering proceeds of crime and in relation to confiscation proceedings concerning actual or assumed proceeds of crime or .

1. Bank secrecy

2. Money laundering

3. Clearstream

4. Offshore bank

Answer: B

Question: 358

Forensic accountants often assist in professional claims where they are assessing and commenting on the work of other professionals.

1. Reasonable person

2. Negligence

3. Tort

4. Product liability

Answer: A

Question: 359

In the , relevant legislation is contained in the Proceeds of Crime Act 2002.

1. England

2. Canada

3. Wales

4. United Kingdom

Answer: D

Question: 360

Forensic accounting is the specialty practice area of that describes engagements that result from actual or anticipated disputes or litigation.

1. Accountancy

2. Proto-Elamite

3. Sarbanes–Oxley Act

4. Balance sheet

Answer: A

Question: 361

Some forensic accountants are also Certified Forensic Accounting Professionals, Certified Fraud Examiners, , or Chartered Accountants.

1. Management accounting

2. Financial audit

3. Certified Public Accountant

Answer: C

Question: 362

During the customer acceptance and identification activities, which of the following customers should be part of the enhanced due diligence ?

1. Personal depositors with small deposits

2. Traders dealing in cash

3. Salaried employees maintaining zero minimum balance with bank

4. Trustees, nominees and fiduciaries

Answer: D

Question: 363

Insurance company observed that in one instance there were Cash transactions for payment of premium and top ups over and above Rs. 5 lakhs per person per month by a group of professionals. What is the reporting obligation of the Insurance company in such case ?

1. Insurance company should report this transaction under Cash Transaction Reports to IRDA

2. Insurance company should report this transaction as suspicious to IRDA

3. Insurance company should report this transaction under Cash Transaction Reports to FUI

4. Insurance company should report this transaction as suspicious to FIU

Answer: D

Question: 364

Money Laundering is considered to be victimless crime unless supported by other offenses.

1. True

2. False

Question: 365

According to various estimates on money laundering, size of money laundering is $ 500 billion to $ 1.5 trillion and the same is expected to grow at :

1. is less than or equal to 2.5 and is less than or equal to 2.8

2. is greater than or equal to 2.5 and is less than or equal to 2.8

3. is greater than or equal to 2.5 and is greater than or equal to 2.8

4. None of these

Answer: B

Question: 366

Money Laundering has three stages. Which of the following is Not out of those?

1. Placement

2. Layering

3. Integration

4. All of these

5. None of these

Answer: E

Question: 367

Under which stage of money laundering the funds are constantly moved or re- characterized to conceal the origin of the funds

1. Layering

2. Integration

3. Placement

4. Insulation

Answer: A

Question: 368

The Prevention of Money-laundering Act, 2002, and rule thereunder require every banking company, financial institution and intermediary, to furnish to FIU-IND information relating to:

1. All cash transactions of the value of more than rupees ten lakhs in foreign currency

2. All cash transactions of the value of more than rupees ten lakhs or its equivalent in foreign currency

3. All cash transactions of the value of more than rupees five lakhs

4. All transactions of the value of more than rupees ten lakhs or its equivalent in foreign currency

Answer: B

Question: 369

Banker identified a set of transactions where large number of current accounts were having a common introducer. What do the banker need to do with such transactions?

1. None of the above

2. Identify the reason, if there is no prima facie reason then report it to FIU

3. Nothing, it is a regular banking transaction

4. Identify th reason behind the introduction and stop the investigation

Answer: B

Question: 370

Single money laundering transaction can combine the elements of Placement, Layering and Integration.

1. True

2. False

Answer: A

User: Zinaida***** killexams.com has designed its products specifically for university students interested in crfa certification. The exam engine is an excellent choice due to its fantastic test contents, which are easy to understand and memorize quickly. It has helped me understand how to answer essential questions to get the maximum marks.

User: Tassie***** When I requested my brother for advice regarding my crfa exam, he informed me to buckle up because I was in for a high-quality journey. He gave me the killexams.com address and assured me that it would ensure that I clean my crfa exam with suitable marks. I took his recommendation and signed up, and I am so satisfied that I did it because my crfa exam went tremendously well, and I passed with the correct score. It was like a dream come true, so thanks to killexams.com.

User: Tina***** Due to my demanding daily routine and long commutes, I did not have time to prepare for my crfa exam. That is, until a friend told me about killexams.com, which proved to be a game-changer. I was able to easily prepare for the exam on the go using my laptop, and killexams.com resources were reliable and outstanding.

User: Ludmilla***** The precise answers in the Financial CRFA exam were not hard to recall. The information provided by Killexams.com Questions and Answers was truly impressive, and I made all the right replies in the exam. I completed the exam preparation in just 12 days, thanks to the simple presentation style of the study material without any lengthy answers or complex explanations.

User: Alonso***** With only one week left before the CRFA exam, I needed a quick reference to prepare systematically. I relied on the killexams.com Questions and Answers, which contained short-duration replies that I could review quickly. Thanks to killexams.com, I managed to pass the exam with ease. It is indeed the best exam solution when you have limited time.

---