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Welcome to the Certified Fraud Examiner (CFE) Quiz.

Fraud Investigation and Examination, Fraud Management, Marketing
-July 2, 2025

This assessment is designed to test your knowledge of core principles, investigative techniques, legal considerations, and best practices in fraud examination. It focuses on the key areas covered by the CFE credential, including financial transactions, fraud prevention and deterrence, legal elements of fraud, and investigative procedures, especially within organizational and regulated environments. The assessment has 2 parts, A and B. Don’t miss the next part of the Assessment next week.

Digital Forensics

Welcome to the Certified Fraud Examiner (CFE) quiz. part A

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1 / 10

Category: Fraud

1. Which of the following is most indicative of a fictitious revenue scheme?

A. Unusually high volume of returns after period-end

B. Extended payment terms for new customers

C. Issuance of credit memos shortly after sales

D. Significant increase in sales to related parties

2 / 10

Category: Fraud

2. In a typical accounts payable scheme, how is a shell company most commonly used?

A. To hide asset misappropriation

B. To inflate reported expenses to reduce taxes

C. To create fictitious vendors and receive illegitimate payments

D. To manipulate foreign exchange gains

3 / 10

Category: Fraud

3. Which fraud scheme involves overbilling a customer and then refunding the difference to a perpetrator’s personal account?

A. Pass-through billing

B. False billing

C. Overstated receivables

D. Kickback scheme

4 / 10

Category: Fraud

4. A manager deliberately delays the recording of liabilities to increase net income. This is an example of:

A. Skimming

B. Lapping

C. Expense understatement

D. Asset misappropriation

5 / 10

Category: Fraud

5. Which red flag is most associated with a payroll fraud scheme?

A. Missing check numbers

B. Multiple employees sharing the same bank account

C. Round-dollar payments to suppliers

D. Frequent changes in inventory valuation methods

6 / 10

Category: Fraud

6. In most jurisdictions, the burden of proof in a criminal fraud trial rests with:

A. The defense

B. The accused’s employer

C. The prosecution

D. The forensic investigator

7 / 10

Category: Fraud

7. What is the key legal distinction between bribery and extortion?

A. Bribery is always committed by a public official

B. Extortion involves coercion; bribery is voluntary

C. Bribery requires financial loss; extortion does not

D. Extortion occurs only in public procurement settings

8 / 10

Category: Fraud

Under the Foreign Corrupt Practices Act (FCPA), which of the following is prohibited?

A. Bribes to any foreign citizen

B. Bribes to obtain or retain business with foreign officials

C. Gifts of any value to foreign partners

D. Profit sharing with overseas vendors

9 / 10

Category: Fraud

9. In civil fraud cases, the standard of proof is typically:

A. Beyond a reasonable doubt

B. Preponderance of the evidence

C. Clear and convincing

D. Legal certainty

10 / 10

Category: Fraud

10. Which of the following is least likely to be protected under attorney-client privilege?

A. Legal advice regarding litigation

B. Emails between in-house counsel and the board

C. Discussions of non-legal business strategy

D. Notes taken during a client’s legal consultation

Your score is

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