Free 2026 Certified Fraud Examiner CFE-Financial-Transactions-and-Fraud-Schemes dumps are available by ValidExam [Q33-Q57]

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Free 2026 Certified Fraud Examiner CFE-Financial-Transactions-and-Fraud-Schemes dumps are available on Google Drive shared by ValidExam

Welcome to download the newest ValidExam CFE-Financial-Transactions-and-Fraud-Schemes PDF dumps: https://www.validexam.com/CFE-Financial-Transactions-and-Fraud-Schemes-latest-dumps.html ( 232 Q&As)

ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam is a challenging and rigorous certification that requires a significant amount of preparation and study. However, individuals who successfully pass the exam will have demonstrated their expertise in the field of fraud examination and will have a valuable credential that can help them advance their career.

QUESTION 33
Which of the following is the MOST ACCURATE statement about the different types of malware?

Spyware is a software program with instructions executed every time a computer is turned on.

A Trojan horse is a hidden program that displays advertisements while the computer is operating.

A computer worm is a program that appears useful but monitors and logs keystrokes.

Ransomware is malicious software that locks the operating system and restricts access to data files.

QUESTION 34
Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor’s side of the transaction who is not making an illicit payment.

True

False

QUESTION 35
Antonia, a Certified Fraud Examiner (CFE), discovers that a loan applicant misrepresented their creditworthiness and income to qualify for a mortgage on a new house. Which type of loan fraud BEST describes the scheme that Antonia uncovered?

Residential loan fraud

Credit data blocking

Double-pledging collateral

Linked financing

QUESTION 36
Which of the following scenarios is an example of an electronic extortion scheme?

A vendor rewards a purchasing employee with tickets for a professional sports team’s game after the employee directs business to the vendor.

An employee receives a payment for directing excess business to a vendor.

A purchasing employee and vendor agree to bill the company for services never rendered.

A politician threatens to shut down a business if it does not pay a bribe.

QUESTION 37
Which of the following is a recommended activity that organizations should engage in to protect their proprietary information from threats?

Enlisting a company task force to identify the information security practices of competitors

Practicing data minimization to limit the information available during a data breach

Storing devices that contain sensitive data in specially constructed quiet rooms

Prohibiting all nonemployees from entering the organization’s premises

QUESTION 38
According to Hollinger and Clark for Policy development, management must pay attention to:

A clear understanding regarding theft behavior

Enforcement of sanctions

Both A & B

Neither A nor B

QUESTION 39
Which of the following statements about skimming is INCORRECT?

Skimming schemes can involve the theft of either cash sales or accounts receivable payments.

Skimming schemes are generally more difficult to detect than cash larceny schemes.

Skimming schemes involve stolen customer payments that have not yet been recorded.

Skimming schemes are considered on-book frauds because they leave an audit trail.

QUESTION 40
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

Equity

Balance sheet

Expense

Financial record

QUESTION 41
Which of the following fraud schemes is MOST LIKELY to target members of a religious community?

Affinity fraud

Social control fraud

Bait and switch scheme

Advance-fee scheme

QUESTION 42
According to a survey, in principal perpetrator cases, males were the primary culprit in a majority of cases, accounting for ___ percent of frauds versus ___ percent for females.

62 versus 36

61 versus 39

62 versus 37

None of the above

QUESTION 43
Which of the following would be MOST INDICATIVE of loan fraud in a draw request submitted by a construction developer?

The developer’s personal account statements have been omitted.

Change orders have been included.

Lien releases from subcontractors are not included with the request.

There are several inspection reports.

QUESTION 44
All of the following measures would help prevent the theft of company inventory EXCEPT:

Having the purchasing supervisor perform the physical inventory count

Restricting inventory access to authorized personnel only

Having different people responsible for receiving inventory and shipping it

Using prenumbered inventory receiving reports

QUESTION 45
Which of the following statements is TRUE regarding electronic payment tampering?

Electronic payment tampering schemes leave a clear audit trail.

Companies should use separate bank accounts for paper and electronic transactions.

Positive pay is not available on ACH transactions.

The individual who makes electronic payments on the company’s behalf should also set up ACH filters to ensure only designated individuals get paid.

QUESTION 46
Baker, an employee of ABC Corporation, was the only employee who had control of the purchasing function for his department. Baker authorized the purchase of supplies that ABC did not need and used these supplies to make improvements to his house. This is an example of what kind of fraud?

Pay and return scheme

Personal purchases with company funds

Pass-through scheme

Theft of inventory

QUESTION 47
Blue sold $1,000 worth of merchandise and collected the payment from her customer in currency, but she only recorded the sale of $800 worth of merchandise. Blue turned $800 over to her employer and kept the remaining
$200. Blue’s scheme is BEST classified as:

An understated sales (skimming) scheme

A cash larceny scheme

A false billing scheme

An unrecorded sales (skimming) scheme

QUESTION 48
Reconciling the sales records to the cash receipts is an effective way to detect a sales skimming scheme.

True

False

QUESTION 49
Skimming is:

The removal of cash from a victim entity prior to its entry in an accounting system.

The addition of cash from a victim entity prior to its entry in an accounting system.

The removal of cash from a victim entity after its entry in an accounting system.

None of above

QUESTION 50
_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

Fraudulent statement

Corruption

Asset misappropriations

None of the above

QUESTION 51
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

Voided checks

Payable checks

Missing checks

Duplicate checks

QUESTION 52
Which of the following statements regarding new account fraud is MOST ACCURATE?

It is more likely that fraud will occur in established accounts than in accounts that are still considered to be new.

Mobile deposits are at high risk for new account fraud because fraudsters can easily make deposits using forged or counterfeit images.

New account fraud can be defined as any fraud that occurs on an account during the first six months that it is open.

Automated teller machines (ATMs) are rarely targets of new account fraud because it is easier for criminals to commit fraud via face-to-face transactions.

QUESTION 53
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referred to as:

Inventory larceny scheme

Asset receiving scheme

Fraudulent purchase

Falsify shipping

QUESTION 54
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

QUESTION 55
Delivery has not occurred or services have not been rendered when:

Until installation and customer testing and acceptance has occurred.

A written order exists but contains a right of return.

Both A & B

Neither A nor B

QUESTION 56
Which of the following can constitute a bribe, even if the illicit payment is never actually made?

Offering a payment

Corruption in payment

Kickback payment

Overbilling in payment

QUESTION 57
Which of the following is an example of a technical security control that organizations can use to secure computer systems and communication networks?

Application security

Human audits

Penetration testing

Data security