CFE-Financial-Transactions-and-Fraud-Schemes EXAM PREPARATION

Prepare Smarter for the CFE-Financial-Transactions-and-Fraud-Schemes Exam

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Question #1 (Topic: demo questions)

In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

Violation

Isolation

Rationalization

None of the above

Correct Answer: C

Question #2 (Topic: demo questions)

Larceny by Fraud or deception means that:

Creates or reinforce a false impression

Fails to correct a false impression

Fails to disclose a known lien, adverse claim or other legal impediment

All of the above

Correct Answer: C

Question #3 (Topic: demo questions)

Aperson is said to be in act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

Fiduciary Capacity

Embezzlement

Conversion

None of the above

Correct Answer: A

Question #4 (Topic: demo questions)

Which of the following must be present for a fraud to exist?

Material false statement

Knowledge that the statement was false when it was uttered

Reliance on the fast statement by the victim

All of the above

Correct Answer: D

Question #5 (Topic: demo questions)

Prepare Smarter for the CFE-Financial-Transactions-and-Fraud-Schemes Exam

In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

Violation

Isolation

Rationalization

None of the above

Correct Answer: C

Larceny by Fraud or deception means that:

Creates or reinforce a false impression

Fails to correct a false impression

Fails to disclose a known lien, adverse claim or other legal impediment

All of the above

Correct Answer: C

Aperson is said to be in act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

Fiduciary Capacity

Embezzlement

Conversion

None of the above

Correct Answer: A

Which of the following must be present for a fraud to exist?

Material false statement

Knowledge that the statement was false when it was uttered

Reliance on the fast statement by the victim

All of the above

Correct Answer: D

one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

Deceive

Delude

Mislead

Beguile

Correct Answer: D