Question 1

_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

Accepted Answer

A)   Supplies
B)   Expenses
C)   Assets
D)   Equity A

Question 2

A __________ is a day-by-day, or chronological, record of transactions

Accepted Answer

A)   Asset
B)   Journal
C)   Checkbook
D)   Ledger B

Question 3

Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.

Accepted Answer

A) True 
 B)False  True

Question 4

____________ is a process by which a bookkeeper records all transactions and can adjust the books.

Accepted Answer

A)   Journal Entries
B)   Accounting Cycle
C)   Financial statement
D)   None of all

Question 5

Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

Accepted Answer

A)   Fraudulent scheme
B)   Disbursement scheme
C)   Register scheme
D)   Force inventory scheme

Question 6

Which of the following factors is NOT included in most financial statement schemes?

Accepted Answer

A)   Fictitious revenues
B)   Persuasive Evidence
C)   Concealed liabilities and expenses
D)   Improper asset valuations

Question 7

________ increase assets and expenses and/or decrease liabilities and/or equity

Accepted Answer

A)   Journal Entries
B)   Debit
C)   Credit
D)   None of all

Question 8

Physical tampering prevention is a check tampering technique that is used to secure bank assisted controls.

Accepted Answer

A) True 
 B)False

Question 9

A journal in which all sales made on credit or cash are listed is:

Accepted Answer

A)   Disbursement journal
B)   Accounts receivable journal
C)   Accounts payable journal
D)   General journal

Question 10

In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or indicators of occupational fraud and abuse.

Accepted Answer

A)   81
B)   82
C)   83
D)   84

Question 11

According to Hollinger and Clark for Policy development, management must pay attention to:

Accepted Answer

A)   A clear understanding regarding theft behavior
B)   Enforcement of sanctions
C)   Both A & B
D)   Neither A nor B

Question 12

Conflict of interest cases are more easily prevented than detected.

Accepted Answer

A) True 
 B)False

Question 13

Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

Accepted Answer

A)   Equity
B)   Balance sheet
C)   Expense
D)   Financial record

Question 14

Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

Accepted Answer

A) True 
 B)False

Question 15

______________ can be detected by closely examining the documentation submitted with the cash receipts.

Accepted Answer

A)   Voided purchases
B)   Fictitious refunds
C)   Approved transaction
D)   None of the above

Question 16

SIMULATION __________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.

Accepted Answer

The answer of SIMULATION __________ means that traditional bribery statutes...

Question 17

The most common method for billing scheme is:

Accepted Answer

A)   Register
B)   Tips
C)   Accident
D)   None of the above

Question 18

Bid-rigging scheme occurs when:

Accepted Answer

A)   an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.
B)   an employee does not assist a vendor in winning a contract through the competitive bidding process.
C)   an employee once assists a vendor in winning a contract through a single competitive bidding process.
D)   All of the above

Question 19

The heart of book keeping system is the ___________.

Accepted Answer

A)   Asset
B)   Liability
C)   Checkbook
D)   Journal

Question 20

Larceny by Fraud or deception means that:

Accepted Answer

A)   Creates or reinforce a false impression
B)   Fails to correct a false impression
C)   Fails to disclose a known lien, adverse claim or other legal impediment
D)   All of the above

Exam 1: Certified Fraud Examiner

_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.

A __________ is a day-by-day, or chronological, record of transactions

Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.

____________ is a process by which a bookkeeper records all transactions and can adjust the books.

Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

Which of the following factors is NOT included in most financial statement schemes?

________ increase assets and expenses and/or decrease liabilities and/or equity

Physical tampering prevention is a check tampering technique that is used to secure bank assisted controls.

A journal in which all sales made on credit or cash are listed is:

In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or indicators of occupational fraud and abuse.

According to Hollinger and Clark for Policy development, management must pay attention to:

Conflict of interest cases are more easily prevented than detected.

Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

______________ can be detected by closely examining the documentation submitted with the cash receipts.

SIMULATION __________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.

The most common method for billing scheme is:

Bid-rigging scheme occurs when:

The heart of book keeping system is the ___________.

Larceny by Fraud or deception means that: