CFEX : Certified Fraud Examiner (CFEX)

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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
1. Very small disbursements
2. 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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