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CFCI Study Guide
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Exam of 14 pages for the course CFCI at CFCI (CFCI Study Guide)
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CFCI STUDY GUIDE EXAM WITH FULLPACK SOLUTIONS
Fraud f- fcorrect fanswers-"Any fillegal facts fcharacterized fby fdeceit, fconcealment, for
fviolation fof ftrust. fThese facts fare fnot fdependent fupon fthe fperpetrated fby
findividuals fand forganizations fto fobtain fmoney, fproperty, for fservices; fto favoid
fpayment for floss fof fservices; for fto fsecure fpersonal for fbusiness fad-vantage."
Main ftypes fof ffraud f- fcorrect fanswers-Internal fFraud fand fExternal fFraud
Internal fFraud f- fcorrect fanswers-which finvolves fthe femployees fof fthe fcompany
fagainst fwhich fthe ffraud fis fperpetrated
, External fFraud f- fcorrect fanswers-deceptive fconduct fby fnon-employees fthat
deprives fthe forganization fof fvalue, fand/or fis fundertaken ffor ffinancial fgain.
embezzlement f- fcorrect fanswers-theft for fmisappropriation fof ffunds fplaced fin fone's
ftrust for fbelonging fto fone's femployer.
financial ffraud f- fcorrect fanswers-"cooking fthe fbooks." fThis ftype fof
fraud fgenerally frefers fto ffalsely frepresenting fthe ffinancial fcondition fof fthe
fcompany, fso fas fto finflate fthe fvalue fof fstock, ffraudulently fboost fexecutive
fbonuses, for fotherwise fmislead fshareholders, flenders, femployees, finvestment
fanalysts, for fother fusers fof fthe finformation.
Skimming f(cash flarceny) f- fcorrect fanswers-Accounts freceivable ffraud, fthis
involves fsimply fstealing fcash fbefore fit fenters fthe forganization's faccounting
fsystem.
Billing fSchemes f- fcorrect fanswers-Perpetrated fby femployees fwho fcause ftheir
femployer fto fissue fa fpayment fto fa ffalse fsupplier fby fsubmitting finvoices ffor
ffictitious fgoods for fservices, finflated finvoices, for finvoices ffor fpersonal fpurchases.
check ftampering f- fcorrect fanswers-taking fadvantage fof femployee faccess fto fblank
fcompany fchecks, fusing fa fpassword fto
steal fcomputer-generated fchecks, for fproducing fcounterfeit fchecks.
Employee freimbursement fscheme f- fcorrect fanswers-making ffalse fclaims ffor
freimbursement, for finflating for fcreating ffictitious fbusiness fexpenses. f(Travel f/meal
freimbursement.
corruption f- fcorrect fanswers-Bribery, fillegal fgratuities, fand/or fextortion.
bribery f- fcorrect fanswers-when fsomething fof fvalue fis foffered for fgiven fto finfluence
fa fbusiness fdecision
Illegal fGratuities f- fcorrect fanswers-when fsomething fof fvalue fis fgiven fto fan
femployee fto freward fa fbusiness fdecision.
Extortion f- fcorrect fanswers-when fa fperson fdemands fpayment for fseeks fto
finfluence fa fbusiness fdecision fby fthreat fof fharm fthrough floss fof fbusiness for
fpersonal finjury.
Kickback fSchemes f- fcorrect fanswers-involving femployees fand fvendors, foften
fusing finflated fbilling for finvoices ffor fwhich fthe femployee fis fpaid fa fportion fof fthe
finflated for ffictitious finvoice.
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