The principal way to detect omitted credits from books of account is through:
o :## Trend analysis
People commit financial statement fraud to:
o :## Preserve personal status/control
Which of the following is NOT the reason why senior management will overstate
business statement?
o :## Comply...
CFE EXAM Questions and Answers
The principal way to detect omitted credits from books of account is through:
o :## Trend analysis
People commit financial statement fraud to:
o :## Preserve personal status/control
Which of the following is NOT the reason why senior management will overstate
business statement?
o :## Comply with debit covenants
Which of the four basic measures, if properly installed and implemented may help
prevent inventory fraud?
o :## Proper documentation, segregation of duties, independent checks and
physical safeguards
In Fraud scale pressure, opportunity and integrity variables all results in a list of ___
possible red flags or indicators of occupational fraud and abuse.
o :## 82
__________ can be defined as conduct detrimental to the organization and to the
employee.
, 2024/2025 2|Page
o :## Employee deviance
Perceived certainty of detection is directly related to employee theft for respondents in all
industry sectors, that is the stronger the perception that theft would be detected, the more
the likelihood that the employee would engage in deviant behavior.
o :## False
According to a survey, in principal perpetrator, males in a majority of cases, accounting
for ___ percent of frauds versus ___ percent in which a female was the primary culprit.
o :## 61 versus 39
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
o :## Rationalization
SIMULATION -One of the simplest ways to justify unacceptable conduct and avoid
guilt feelings is to invent a good reason for ________.
o :## Embezzling
Which of the following offender types in which people who take the money and run
away?
o :## Absconders
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