LATEST 2024 CFCI EXAM STUDY GUIDE (A NEW UPDATED VERSION) ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS (REVISED)

CFCI Study Guide – P P P




PUpdated With Correct P P P




Answers

FraudPb-Pb(CORRECTPbANSWER)-

"AnyPbillegalPbactsPbcharacterizedPbbyPbdeceit,Pbconcealment,PborPbviolationPbofPbtrust.PbThesePbact

sPbarePbnotPbdependentPbuponPbthePbperpetratedPbbyPbindividualsPbandPborganizationsPbtoPbobtain

Pb money,Pbproperty,PborPbservices;PbtoPbavoidPbpaymentPborPblossPbofPbservices;PborPbtoPbsecurePbpe

rsonalPborPbbusinessPbad-vantage."



MainPbtypesPbofPbfraudPb-Pb(CORRECTPbANSWER)-InternalPbFraudPbandPbExternalPbFraud



InternalPbFraudPb-Pb(CORRECTPbANSWER)-

ActivitiesPbthatPbmayPbbePbcriminal,PbcommittedPbwithinPbanPborganization,PbtypicallyPbbyPbthePbe

mployeePbagainstPbthePbemployer.



ExternalPbFraudPb-Pb(CORRECTPbANSWER)-DeceptivePbconductPbbyPbnon-employeesPbthat

,deprivesPbthePborganizationPbofPbvalue,Pband/orPbisPbundertakenPbforPbfinancialPbgain.



EmbezzlementPb-Pb(CORRECTPbANSWER)-

ThePbtheftPbofPbmoney,Pbproperty,PborPbotherPbassetsPbofPbthePbemployer.



LarcenyPb-Pb(CORRECTPbANSWER)-

ThePbtakingPbawayPbofPbthePbpropertyPbofPbanother,PbwithPbthePbintentPbtoPbconvertPbitPbtoPbhis/herP

b ownPbuse.



FinancialPbFraudPb-Pb(CORRECTPbANSWER)-

"CookingPbthePbbooks."PbThisPbtypePbofPbfraudPbgenerallyPbrefersPbtoPbfalselyPbrepresentingPbthePbfi

nancialPbconditionPbofPbthePbcompany,PbsoPbasPbtoPbinflatePbthePbvaluePbofPbstock,PbfraudulentlyPbbo

ostPbexecutivePbbonuses,PborPbotherwisePbmisleadPbshareholders,Pblenders,Pbemployees,Pbinvest

mentPbanalysts,PborPbotherPbusersPbofPbthePbinformation.



SkimmingPb(cashPblarceny)Pb-Pb(CORRECTPbANSWER)-

AccountsPbreceivablePbfraud,PbthisPbinvolvesPbsimplyPbstealingPbcashPbbeforePbitPbentersPbthePborg

anization'sPbaccountingPbsystem.



BillingPbSchemesPb-Pb(CORRECTPbANSWER)-

UsingPbfalsePbdocumentationPbtoPbcausePbaPbtargetedPborganizationPbtoPbissuePbaPbpaymentPbforPbf

alsePbservicesPband/orPbpurchases.

,CheckPbTamperingPb-Pb(CORRECTPbANSWER)-

CommonPbmethodPb(TakingPbadvantagePbofPbemployeePbaccessPbtoPbblankPbcompanyPbchecks,Pbus

ingPbaPbpasswordPbto

stealPbcomputer-generatedPbchecksPborPbproducingPbcounterfeitPbchecks).



EmployeePbreimbursementPbschemePb-Pb(CORRECTPbANSWER)-

MakingPbfalsePbclaimsPbforPbreimbursementPborPbinflatingPborPbcreatingPbfictitiousPbbusinessPbexp

enses.Pb(TravelPb/mealPbreimbursement.



CorruptionPb-Pb(CORRECTPbANSWER)-Bribery,PbillegalPbgratuities,Pband/orPbextortion.



BriberyPb-Pb(CORRECTPbANSWER)-

WhenPbsomethingPbofPbvaluePbisPbofferedPborPbgivenPbtoPbinfluencePbaPbbusinessPbdecision.



IllegalPbGratuitiesPb-Pb(CORRECTPbANSWER)-

WhenPbsomethingPbofPbvaluePbisPbgivenPbtoPbanPbemployeePbtoPbrewardPbaPbbusinessPbdecision.



ExtortionPb-Pb(CORRECTPbANSWER)-

WhenPbaPbpersonPbdemandsPbpaymentPborPbseeksPbtoPbinfluencePbaPbbusinessPbdecisionPbbyPbthrea

tPbofPbharmPbthroughPblossPbofPbbusinessPborPbpersonalPbinjury.



KickbackPbSchemesPb-Pb(CORRECTPbANSWER)-

FormsPbofPbcorruptionPbinvolvingPbemployeesPbandPbvendors,PboftenPbusingPbinflatedPbbillingPborP

, b invoicesPbforPbwhichPbthePbemployeePbisPbpaidPbaPbportionPbofPbthePbinflatedPborPbfictitiousPbinvoic

e.



CreditPbCardPbFraudPb-Pb(CORRECTPbANSWER)-

ThePbcreation,Pbsale,PborPbusePbofPbaPbcounterfeitPbcreditPbcard,PborPbthePbusePbofPbaPbstolenPbcreditPb

orPbdebitPbcard.



C.N.PPb-Pb(CORRECTPbANSWER)-CardPbnotPbpresentPbtransactions



IdentityPbTheftPb-Pb(CORRECTPbANSWER)-

ThePbfraudulentPbacquisitionPborPbstealingPbofPbconfidentialPbpersonalPbinformationPbthroughPbso

cialPbengineering.



IdentityPbFraudPb-Pb(CORRECTPbANSWER)-

InvolvesPbthePbunauthorizedPbusePbofPbanotherPbperson'sPbpersonalPbdataPbforPbillegalPbfinancialPb

benefit.PbInvolvesPbabusingPbthePbstolenPbinformationPbtoPbtransactPbpersonalPbbusinessPbinPbthePb

victim'sPbname.



WildcatPbBankingPb-Pb(CORRECTPbANSWER)-

AnPbextremePbformPbofPbwhatPbwasPbcalledPbfreePbbanking.Pb"APbbankPbthatPbissuedPbnotesPbwithou

tPbadequatePbsecurityPbinPbthePbperiodPbbeforePbthePbestablishmentPbofPbthePbnationalPbbankingPbs

ystemPbinPb1864".