Vendor: ACFE
Exam Code: CFE-FINANCIAL-TRANSACTIONS-AND-FRAUD-SCHEMES
Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes
Certification: ACFE Certifications
Total Questions: 186 Q&A
Updated on: Jun 16, 2026
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A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:
A. Conflict of interest in sale
B. Turnaround sale or flip
C. Unauthorized sale
D. Written sale of unique assets
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
A scheme is classified as a Conflict of interest:
A. when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
B. when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
C. when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
D. when a dealer must have some kind of dealership interest in the vendor submitting the stock.
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