[Q135-Q150] CFE-Financial-Transactions-and-Fraud-Schemes Actual Questions 100% Same Braindumps with Actual Exam!

Q135. The most common method for billing scheme is:

Q136. Which of the following is NOT the example of bribery prevention policies?

Q137. A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

Q138. Black, an accounts receivable clerk, stole Customer A’s monthly payment instead of posting it to A’s account.
When Customer B’s payment arrives a few days later, Black applies the payment to Customer A’s account.
When Customer C’s payment arrives a few days after that, Black applies it to Customer B’s account. Black’s method of crediting one account with money taken from another account is known as:

Q139. Mario performs surgery on a patient to replace a bone. The surgery should be billed using one code, but Mario bills the surgery using three codes (one for the entire surgery, one for the removal of the bone, and another for the insertion of the artificial bone), which increases the cost. Which of the following BEST describes Mario’s scheme?

Q140. A fraudster uses a victim’s name, government identification number, and birthdate to impersonate the victim and open a credit card account in the victim’s name. This scheme can BEST be described as:

Q141. Which of the following is TRUE regarding accrual-basis accounting?

Q142. In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

Q143. John is a salesperson whose job requires him to entertain potential clients frequently. When John and another salesperson from a different company take a potential client to dinner, the other salesperson pays for the meal.
John creates his own receipt for the meal and submits the expense for reimbursement from his company.
John’s scheme can BEST be characterized as:

Q144. A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

Q145. Accounting records are designed to be kept on subjective rather than objective evidence.

Q146. Which of the following would NOT be considered a conflict of interest?

Q147. Which of the following is NOT a common way that a procuring employee might engage in a bid manipulation scheme?

Q148. Which of the following statements is TRUE regarding the prevention of inventory theft?

Q149. Which of the following is a red flag that might indicate that someone is attempting to commit insurance fraud?

Q150. Which of the following is a reason why prepaid debit and gift card fraud schemes are appealing to fraudsters?