Exam 1: Certified Fraud Examiner

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

_________ revenues involve the recording sales of goods or services hat did not occur.

SIMULATION ___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.

According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:

Financial statement fraud is committed by:

Which of the following offender types in which people who take the money and run away?

The seller's price to the buyer is not fixed or determinable when:

___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

Which sale occurs when the accomplice of the employee-fraudster "buys" merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?

Which of the following is NOT the method for stealing inventory and other assets?

Which of the following is NOT the reason why senior management will overstate business statement?

How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

A typical issue involving material and fraud would be:

Undisclosed payments made by vendors to employees of purchasing companies are referred to as:

Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

SIMULATION A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

A running count that records how much inventory should be on hand is referred to:

The scheme in which the same vendor is receiving favorable treatment can be found in purchases by vendor searches.

Which of the following is the criterion for bid solicitation?