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Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam

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Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam Questions and Answers

Questions 1

Which of the following is true for red flags associated with fictitious revenues?

Options:

A.  

Slow growth or unusual profitability, when not compared to other companies in the same industry.

B.  

Unusual growth in the number of days’ purchases in receivables.

C.  

A significant volume of sales to entities whose substance and ownership is not known.

D.  

An unusual surge in purchases by a majority of units within a company, or of purchases recorded by corporate headquarters.

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