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The Association of Certified Fraud Examiners (ACFE) is a global professional organization that is dedicated to fighting fraud and white-collar crime. To achieve this goal, they have developed a certification program known as the Certified Fraud Examiner (CFE). Certified Fraud Examiner certification is highly respected in the industry and is recognized as a mark of excellence in the field of fraud examination.
NEW QUESTION # 26
When employees committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:
Answer: A
Explanation:
Section: Investigation
NEW QUESTION # 27
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 28
A typical issue involving material and fraud would be:
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 29
A typical issue involving material and fraud would be:
Answer: B
NEW QUESTION # 30
"Anticipate possible losses and omit potential profits", this results in:
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 31
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