Exam 1: Certified Fraud Examiner

__________ can be defined as conduct detrimental to the organization and to the employee.

Revenue is recognized when it is:

When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.

The principal way to detect omitted credits from books of account is through:

A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:

SIMULATION One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.

When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:

When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:

In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

What is sometimes used to overcome well-designed internal controls of a victim company?

By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

According to fraud tree, cash has three following schemes:

A variation between the physical inventory and the perpetual inventory totals is called:

In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

Delivery has not occurred or services have not been rendered when:

Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:

The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.