Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Dumps Questions & Answers

People commit financial statement fraud to:

• A.Preserve personal status/control
• B.Stand outside the accounting system
• C.Conceal false business performances
• D.Maintain personal income

Which of the following is NOT one of the information security goals that should be achieved to secure an e- commerce system for users and account holders?

• A.Confidentiality of data
• B.Penetrability of data
• C.Availability of data
• D.Integrity of data

Which of the following is a method of identity theft prevention that is recommended for businesses?

• A.Use encryption only when sending personal information externally through a hardwired internet connection
• B.Use government identification numbers as employee identification numbers
• C.Audit practices involving the handling of information only when regulators require it
• D.Collect government identification numbers from customers only when legally required to gather that information

Which of the following is NOT the reason to bribe employees of the purchaser?

• A.To ensure receipt of a late bid
• B.To falsify the bid log
• C.To extend the bid opening date
• D.To ensure bid-splitting

Which of the following is NOT a justifiable reason to depart from generally accepted accounting principles (GAAP)?

• A.It is likely that assets would be understated and liabilities would be overstated.
• B.The application of GAAP could produce misleading financial statements.
• C.The expected costs associated with following GAAP would exceed the expected benefits of compliance.
• D.A transaction is considered immaterial and therefore irrelevant to the accurate interpretation of financial statements.