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CFE – Certified Fraud Examiner

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Showing 4–6 of 10 questions

Question 4 (Financial Transactions and Fraud Schemes)

Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company’s profits.

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  • ○

    True
  • ○

    False
Question 5 (Financial Transactions and Fraud Schemes)

Financial statement fraud is committed by:

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  • ○

    Organized criminals
  • ○

    Mid and lower level employees
  • ○

    Senior Management
  • ○

    All of the above
Question 6 (Financial Transactions and Fraud Schemes)

Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

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  • ○

    Equity
  • ○

    Balance sheet
  • ○

    Expense
  • ○

    Financial record