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

Kara owns a business selling rare goods. Some of the goods Kara sells are of high value, but she reports significantly lower values to the taxing authority for those transactions. Which of the following options BEST describes Kara's scheme?

• A.Wealth tax evasion scheme
• B.Consumption tax scheme
• C.Falsified tax deduction scheme
• D.Tax credit scheme

The most basic skimming scheme occurs when:

• A.An employee buys goods or services from a customer, drops the customer's payment, but makes no record of the purchase.
• B.An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
• C.An employee buys goods or services from a stakeholder, drops the stakeholder's payment and makes record of the purchase too.
• D.An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.

Which of the following are the classifications for Corruption?

• A.Overbilling, bribery, bid-rigging, and illegal gratuities
• B.Corruption, bribery, economic extortion, conflicts of interest
• C.Economic extortion, bribery, illegal gratuities, and corruption
• D.Bribery, economic extortion, illegal gratuities, and conflicts of interest

Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

• A.False
• B.True

Which of the following can constitute a bribe, even if the illicit payment is never actually made?

• A.Overbilling in payment
• B.Offering a payment
• C.Kickback payment
• D.Corruption in payment