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

Security audits and tests, incident response plans, and separation of duties are all examples of which of the following types of cybersecurity controls?

• A.Physical access controls
• B.Logical access controls
• C.Technical security controls
• D.Administrative security controls

Asset misappropriation schemes were the "middle children" of the study; they were more common than fraudulent statements and more costly than corruption.

• A.False
• B.True

Reconciling the sales records to the cash receipts is an effective way to detect a sales skimming scheme.

• A.False
• B.True

Which of the following scenarios MOST ACCURATELY represents a suitability violation in a jurisdiction that imposes a suitability requirement on broker-dealers?

• A.A broker-dealer suggests an investment strategy that aligns with their client's objectives and risk appetite but involves volatile funds.
• B.A broker-dealer recommends an investment to a client that aligns with their objectives, but it allows the broker-dealer to generate a high commission.
• C.A broker-dealer refuses to make an investment on a client's behalf because they are unfamiliar with the client's financial profile.
• D.A broker-dealer advises a client on a promising investment without first discussing the customer's investment strategy.

A fraudster is MOST LIKELY to take which of the following actions during an account takeover scheme?

• A.Trying to breach an individual's account in one attempt to avoid activating alerts regarding fraudulent activity
• B.Leaving the contact information for an overtaken account unchanged
• C.Disabling multifactor authentication immediately after gaining access to an account
• D.Placing orders for products using financial information that is stored on an account holder's overtaken account