Affinity fraud - Study guides, Class notes & Summaries

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

State agencies must post solicitations to ESBD with a value of ____________? - Answer $25,000 The majority of SPD contracts are processed through what system? - Answer Texas Smartbuy Vendor Performance Tracking System is required at what level? - Answer $25,000 Agency procurement plans are due annually on 11/30? - Answer True _________ is an explicit act of using one's position to favor a relative. - Answer Nepotism Consanguinity & Affinity Relationship is to the First & Second degree? - A...

CFE FINANCIAL AND FRAUD SCHEMES ASSESSMENT TEST 2024 QUESTIONS & 100% CORRECT ANSWERS Sample Question & Answer: Affinity fraud - Answer - investment scheme preying upon members of identifiable groups by using their affiliation with the group

What is one of the most valuable assets to a business? correct answers Human Resources. What is the first step in the evolution of the employment relationship? correct answers Recruitment. What are the five federal statutory regulations of recruitment? correct answers - Title VII of the Civil Rights Act of 1964 - Age Discrimination in Employment Act of 1967 - Immigration Reform and Control Act of 1986 - Vocational Rehabilitation Act of 1973 - Americans with Disabilities Act of 1990 ...

BFS Practice Test Pedro Sanchez works as a loan processor for the MON Company, which is located in Smithsville. Pedro has recently approved an application to extend a $10,000 line of credit to Mrs. Jones. Who is the creditor in this situation? - Mon Company An important purpose of full-disclosure laws and regulations is to: - Provide information to investors so they can make informed decisions Last week, a man who frequents Alice's health club and goes to the same church approached ...

Pedro Sanchez works as a loan processor for the MON Company, which is located in Smithsville. Pedro has recently approved an application to extend a $10,000 line of credit to Mrs. Jones. Who is the creditor in this situation? - Mon Company An important purpose of full-disclosure laws and regulations is to: - Provide information to investors so they can make informed decisions Last week, a man who frequents Alice's health club and goes to the same church approached her and struck up a conv...

A government agency established product standards that manufacturers must follow when producing their goods. In this situation, the type of authority that the agency is exhibiting is the control of A. rates B. supply C. conduct D. discretion -ANSWER-C. conduct Control of conduct involves regulating certain aspects of business behavior or conduct. This includes three broad categories—the information it must provide consumers, product banishements or removal from the market, and produ...

NMLS TEST-Affinity Questions and Answers, Graded A+ What law deals with credit, APR & Advertising of consumer loans? TILA Which regulation prohibits kickbacks? RESPA Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? HPA-Homeowners Protection Act Which Regulation prohibits fee splitting? RESPA Regulation X i...

CTCD 2023 (To study for CTCD exam) Already Passed!! Texas SmartBuy Online Ordering System Statewide Contracts for non-IT goods and services: -Set-Aside (TCI & WorkQuest) -Term contracts -Managed contracts -TXMAS contracts Contract Value The initial value of the contract, INCLUDING anticipated extensions and renewals for the contract's full existence. Purchasing Authority The ability of an agency to purchase goods and services using state funds. Delegation of Purchasing Authority A...

©BRAINBARTER 2024/2025 CTCD Exam Questions With Verified Answers Bribery - answerA criminal offense. When a person intentionally or knowingly offers, confers or agrees to accept any benefits as consideration for decision, opinion, vote etc. Nepotism - answerA form of conflict of interest that involves an explicit act of using one's position to favor a relative. Consanguinity - answerA relationship established through bloodlines. Affinity - answerA relationship that arises by virtue of ...