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Achieving the CFE-Financial-Transactions-and-Fraud-Schemes certification demonstrates a professional's expertise and commitment to the field of fraud examination. It provides individuals with the skills and knowledge needed to detect, investigate, and prevent financial fraud, and also enhances their credibility and earning potential. Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam certification can be obtained by passing the CFE-Financial-Transactions-and-Fraud-Schemes Exam, which is a rigorous and challenging test that requires a high level of knowledge and understanding of fraud examination.
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ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Sample Questions (Q21-Q26):
NEW QUESTION # 21
To help prevent fraudulent billing schemes, it is recommended that companies combine the purchasing and payment functions.
Answer: A
Explanation:
Explanation/Reference: https://www.acfe.com/uploadedFiles/ACFE_Website/Content/review/cpf/07-Performance-Schemes.pdf
NEW QUESTION # 22
Which of the following is TRUE regarding accrual-basis accounting?
Answer: D
Explanation:
Explanation/Reference: https://www.accountingtools.com/articles/what-is-the-accrual-basis-of-accounting.html
NEW QUESTION # 23
All the following are basic methods used to prove corrupt payments in corruption schemes EXCEPT:
Answer: B
NEW QUESTION # 24
______________ can be detected by closely examining the documentation submitted with the cash receipts.
Answer: C
NEW QUESTION # 25
Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.
Answer: D
NEW QUESTION # 26
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