Fraud scheme - Study guides, Class notes & Summaries

CFE-Financial Transactions and Fraud Schemes Questions and Answers Rated A+ Which of the following is a typical method used to make corrupt payments in bribery and corruption schemes? Payment of credit card bills, gifts, travel, entertainment, checks, and other financial interests. Laura, the sales manager of Sam Corp., is afraid sales revenue for the period is not going to meet company goals. To make up for the shortfall, she decides to mail invoices to fake customers and credit (increas...

CFE Exam - Financial and Fraud Schemes Exam Questions With 100% Verified Answers Illegal gratuity - answerItems to reward a decision after the recipient made the decision. Like a bribe Extortion - answergetting money by threats Economic extortion - answerWhen employee demands money through threats Kickbacks - answerImproper undisclosed payments made to obtain favorable treatment Three ways to prove corrupt payments - answer1. Turn an inside witness 2. Secretly infiltrate ongoing transac...

CFE Exam- Financial Trans and Fraud Schemes All Answers Correct The accounting concept of consistency prohibits any change in an accounting principle previously employed. A. True B. False B. False the concept of consistency does not completely prohibit changes in the accounting principles used. Which of the following is NOT a method that is used to conceal inventory shrinkage? A. Performing a forced reconciliation of the inventory records B. Selling merchandise without recordin...

CFE Exam- Financial Trans And Fraud Schemes ( Questions & Answers)

ACFE- FINANCIAL TRANSACTIONS & FRAUD SCHEMES

CFE Exam - Financial and Fraud Schemes UPDATED Exam Questions and CORRECT Answers Illegal gratuity - Correct ANSWER- Items to reward a decision after the recipient made the decision. Like a bribe Extortion - Correct ANSWER- getting money by threats Economic extortion - Correct ANSWER- When employee demands money through threats Kickbacks - Correct ANSWER- Improper undisclosed payments made to obtain favorable treatment

UNIVERSITY OF THE CUMBERLANDS ISOL 531 ACCESS CONTROL MIDTERM EXAM FALL SEMESTER 2024 APPROVED QUESTIONS AND ANSWERS EXAM A+ GRADE QUESTION 1 1. There are three principal components of any access control scenario: policies, subjects, and . tools procedu res objects access QUESTION 2 1. In the private sector, the most common systems use a token or challenge-response device coupled with a username and password. multilayered access control control asset value smart card QUE...

True or False: The ACA requires that all providers adopt a compliance plan as a condition of enrollment with Medicare, Medicaid, and Children's Health Insurance Program (CHIP). - Answer- True ref. ACA section 6102 According to HHS-OIG - what are three important reasons for proper documentation in Compliance? (hint: protections) - Answer- 1.Protect our programs 2.Protect your patients 3.Protect the Provider At which level of the Medicare Part A or Part B appeals process is the app...

Forensic Accounting Assessment Questions and Answers 100% Pass Which action is potentially unethical because it understates cost of goods sold? Understating purchases Why is it unethical for a supervisor to ask an accountant to capitalize the marketing research program? This action overstates assets. How can financial statement fraud impact stakeholders? Fraud can be an embarrassment to the audit profession. How do fraudulent financial statements impact stakeholders and the markets? Financial...