Exam 1: The Nature of Fraud

Generally, applicants for CFE certification should have a minimum of a bachelor's degree or equivalent from an institution of higher learning. Alternatively, if applicants do not have a bachelor's degree, they may substitute months of fraud-related professional experience for each year of academic study.

What is the single most critical element for a fraud to be successful?

Which of the following entails an insider who has material inside information purchasing or selling the company's securities through insider deals directly or through an exchange?

The elements of fraud include all of the following EXCEPT:

The victim is a company or organization in all of the following EXCEPT:

A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional revenue should the company generate in order to recover the effect on net income?

One way that criminal law differs from civil law is that it:

Which of the following would NOT be acceptable as fraud-related experience to satisfy the education requirements to apply for CFE certification?

Which of the following statements about criminal and civil cases is correct?

Fraud has a direct dollar-for-dollar impact on a company's:

In fraud prosecution cases, matter consists of the underlying data and all corroborating information available.

The Anti-Kickback Act of 1986 intends to prevent:

Which of the following statements is true?

Which one of the following is NOT a characteristic of a criminal proceeding?

The ACFE does NOT include which of the following major categories of occupational fraud?

Which of the following is NOT a primary reason for increased size and number of frauds?

Telemarketing fraud usually falls into this category.

The burden of proof in a criminal case:

Customer fraud includes all of the following EXCEPT:

Which of the following statements regarding fraud on behalf of an organization is true?