Free CFE-Financial-Transactions-and-Fraud-Schemes Exam Dumps

Question 6

The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:

Correct Answer:C

Question 7

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

Correct Answer:A

Question 8

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

Correct Answer:A

Question 9

_______ and ________ are used to increase (or decrease) the equity account.

Correct Answer:B

Question 10

Which of the following is NOT the reason why senior management will overstate business statement?

Correct Answer:A