ACFE CFE-Financial-Transactions-and-Fraud-Schemes Q&A - in .pdf

  • CFE-Financial-Transactions-and-Fraud-Schemes pdf
  • Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes
  • Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Proprietary and fiduciary funds use the economic resources measurement focus and the accrual basis of accounting. Proprietary funds focus on changes in economic resources, similar to private sector businesses, asking:
A. What transaction and events have decreased he fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?
B. None of these
C. What transaction and events have increased or decreased he fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?
D. What transaction and events have increased the fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?
Answer: C

NEW QUESTION: 2
Messages being sent from a cloud service consumer to a cloud service are intercepted and maliciously altered by an intermediary service. This is an example of which cloud security threat?
A. None of the above.
B. virtualization attack
C. denial of service
D. insufficient authorization
Answer: A

NEW QUESTION: 3
Parul Gupta has been covered by a group health plan for eighteen months. For the past four months, she has been undergoing treatment for diabetes. Last week, Ms. Gupta began a new job and immediately enrolled in her new company's group health plan, which
A. can exclude coverage for treatment of Ms. Gupta's diabetes for one year, because she did not have at least two years of creditable coverage under her previous health plan
B. cannot exclude Ms. Gupta's diabetes as a pre-existing condition, because the one-year pre-existing condition provision is offset by at least one year of continuous coverage under her previous health plan
C. can exclude coverage for treatment of Ms. Gupta's diabetes for one year, because HIPAA does not impact a group health plan's pre-existing condition provision
D. can exclude coverage for treatment of Ms. Gupta's diabetes for four months, because that is the length of time she received treatment for this medical condition prior to her enrollment in the new health plan
Answer: B

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