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ACFE CFE-Financial-Transactions-and-Fraud-Schemes: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam

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Question 1

Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.

Correct Answer:A

Question 2

When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

Correct Answer:B

Question 3

________ is defined as a person who works for the victim organization and who is primary culprit
Solution:
Principal perpetrator

Does this meet the goal?

Correct Answer:A

Question 4

______ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.

Correct Answer:C

Question 5

______ assumes the business will go on indefinitely in the future.

Correct Answer:B

Question 6

The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.

Correct Answer:A

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