ACFE
CFE-Financial-Transactions-and-Fraud-Schemes
Q1:
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
○
A
Small disbursements○
B
Very small disbursements○
C
Simple disbursements○
D
None of the above
ACFE
CFE-Financial-Transactions-and-Fraud-Schemes
Q2:
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
○
A
High-resolution sprays○
B
Holographic safety inks○
C
Watermark backers○
D
Chrome coloring
ACFE
CFE-Financial-Transactions-and-Fraud-Schemes
Q3:
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:
○
A
Microline numbering○
B
Holographic safety border○
C
Embossed pearlescent numbering○
D
None of the above
ACFE
CFE-Financial-Transactions-and-Fraud-Schemes
Q4:
Physical tampering prevention is a check tampering technique that is used to secure bank assisted controls.
○
A
True○
B
False
ACFE
CFE-Financial-Transactions-and-Fraud-Schemes
Q5:
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
○
A
Check disbursement○
B
Bank confirmation○
C
Bank confirmation○
D
Cut-off statements