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Vendor: ACFE

Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes Dumps

Questions and Answers: 104

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NEW QUESTION: 1
Egress monitoring solutions usually include a function that ____________.
A. Resides on client machines
B. Uses stateful inspection
C. Inspects incoming packets
D. Uses biometrics to scan users
Answer: A

NEW QUESTION: 2
A willful or negligent wrong done to one person by another is:
A. A misdemeanor
B. A malfeasance
C. A tort
D. A crime
E. A felony
Answer: C

NEW QUESTION: 3

A. Option C
B. Option D
C. Option A
D. Option B
Answer: A
Explanation:
A Virtual Private Cloud (VPC) is a virtual network dedicated to the user's AWS account. A user can create
a subnet with VPC and launch instances inside that subnet. When the user is launching an instance he
needs to select an option which attaches a public IP to the instance. If the user has not selected the option
to attach the public IP then it will only have a private IP when launched. The user cannot connect to the
instance from the internet. If the user wants an elastic IP to connect to the instance from the internet he
should create an internet gateway and assign an elastic IP to instance.
Reference: http://docs.aws.amazon.com/AmazonVPC/latest/GettingStartedGuide/LaunchInstance.html

NEW QUESTION: 4
Which of the following journal entries would the auditor least likely examine in an effort to address the risk
of management override of controls?
A. A journal entry made by an individual who does not typically make journal entries.
B. A journal entry made to record recurring periodic accounting estimates.
C. A journal entry recorded as a post-closing entry that has no explanation or description.
D. A journal entry made to a seldom-used account.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Inappropriate or unauthorized journal entries are often used to override controls and
manipulate the financial reporting process. Periodic, recurring accounting estimates are least likely to be
subject to management override since they are expected and occur regularly.
Choice "B" is incorrect. Inappropriate or unauthorized journal entries are often used to override controls
and manipulate the financial reporting process. A journal entry made by a person who generally does not
have that responsibility might be indicative of such management override.
Choice "C" is incorrect. Inappropriate or unauthorized journal entries are often used to override controls
and manipulate the financial reporting process. A journal entry recorded after closing without an
appropriate explanation or description might be indicative of such management override.
Choice "D" is incorrect. Inappropriate or unauthorized journal entries are often used to override controls
and manipulate the financial reporting process. A journal entry made to a seldom-used account might be
indicative of such management override.


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