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Certified Fraud Examiner CFE-Financial-Transactions-and-Fraud-Schemes Release Date

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Question 24

According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:

Options:

A.

Persuasive evidence of an arrangement exists

B.

Services has been rendered

C.

Timings have been met

D.

Collectability is reasonably assured

Question 25

Which of the following is NOT the method for stealing inventory and other assets?

Options:

A.

Larceny schemes

B.

Asset requisition and transfer

C.

Purchasing and receiving schemes

D.

Sales & Equipment handling

Question 26

Another way to eliminate competition in the solicitation phase of the selection process is to:

Options:

A.

Solicit bid from fictitious suppliers

B.

Solicit transaction from fictitious vendors

C.

Solicit bid-splitting from fictitious vendors

D.

None of the above

Question 27

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

Options:

A.

Voided checks

B.

Payable checks

C.

Missing checks

D.

Duplicate checks

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Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
Last Update: May 18, 2024
Questions: 186
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