Acfe questions - Study guides, Class notes & Summaries

CITP Exam Questions with Answers Latest Update 2024/2025 Rated A+. Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limited to one or more specific assertions in an account or in several accounts; addressed by nature, timing, and extent of further audit procedures; Includes inherent and control risk Asset Misappropriation - Answer Use of one's occupation for person...

CITP Exam Questions with Correct Answers Latest 2024/2025 Graded A+. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limite...

CITP Exam Questions with Answers Latest Updated 2024/2025 Rated A+ | Graded. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risk...

"Placement" of funds is the initial step in the money laundering process. It is the step in which the funds are deposited into a financial institution or taken out of the country. If a money laundering scheme is detected, it is most often detected at this stage. "Layering" involves the creation of numerous transactions to prevent detection, such as moving funds between bank accounts, transferring funds from one form of currency to another, or transferring money between businesses. The final ...

CITP Exam Questions with Answers Latest 2024/2025 Rated A+ | Graded. Application Controls - Answer Internal controls around applications that operate at a transaction level and ensure authorization, protect against unauthorized access, errors, unauthorized reporting, and extra care around high-rise transactions Artificial Intelligence (AI) - Answer Computer science that involves automated reasoning and problem solving, emulating human intelligence Assertion Level Risks - Answer Risks limite...

ACFE(exam 2)Questions And Answers!!

Association of Certified Fraud Examiners (ACFE) Largest antifraud organization Occupational Fraud Use of one's occupation for personal enrichment through deliberate misuse or misapplication of the employing organization's resources. Internal Controls 1. Safeguard company's assets 2. Improve accuracy and reliability of accounting information Fraud Cases 90% involves the theft or misuse of company's resources. Another example is the manipulation of financial statements. Recent Scandals Enr...

According to The Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing, due professional care implies infallibility. A. True B. False - False Which of the following is true regarding organizational structure? A. Companies with departments that are isolated geographically have a reduced risk of fraud B. The existence of many specialized departments within a company generally increases the overall risk of fraud within the organizat...

Redemption scheme - buy insurance with bad assets, claim later for legit money Insurance prepayment scheme - make advance payments to store money, take out later in legit money Chapter 7 Bankruptcy - debts eliminated, liquidate assets Deferred prosecution agreement - file charges but promise not to prosecute if defendant does what is asked What cases do lower level courts hear? - hear misdemeanors, felony preliminaries, civil disputes < 10k What cases do higher level court...

An interview of an adverse witness is being tape recorded by the interviewer with the consent of the interviewee. It is generally not necessary to? - Volunteer to give the witness a copy of the tape. On March 5, a CFE contacts a witness to arrange an interview. The witness initially seems hesitant, but then agrees to an interview. The witness asks the interviewer is she can "have a few days to prepare for the interview." The interviewer should press hard to have the interview on: - March ...