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CFCI EXAM LATEST 2025/ 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||VERIFIED EXAM!!!|| ||LATEST EXAM!!!||
"Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business ad-vantage." - Answer-Fraud
Internal Fraud and External Fraud - Answer-Main types of fraud
which involves the employees of the company against which the fraud is perpetrated - Answer-Internal Fraud
deceptive conduct by non-employees that deprives the organization of value, and/or is undertaken for financial gain. - Answer-External Fraud
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theft or misappropriation of funds placed in one's trust or belonging to one's employer. - Answer-embezzlement
"cooking the books." This type of fraud generally refers to falsely representing the financial condition of the company, so as to inflate the value of stock, fraudulently boost executive bonuses, or otherwise mislead shareholders, lenders, employees, investment analysts, or other users of the information. - Answer- financial fraud
Accounts receivable fraud, this involves simply stealing cash before it enters the organization's accounting system. - Answer-Skimming (cash larceny)
Perpetrated by employees who cause their employer to issue a payment to a false supplier by submitting invoices for fictitious goods or services, inflated invoices, or invoices for personal purchases. - Answer-Billing Schemes
taking advantage of employee access to blank company checks, using a password to 2 / 4
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steal computer-generated checks, or producing counterfeit checks. - Answer-check tampering
making false claims for reimbursement, or inflating or creating fictitious business expenses. (Travel /meal reimbursement. - Answer-Employee reimbursement scheme
Bribery, illegal gratuities, and/or extortion. - Answer- corruption
when something of value is offered or given to influence a business decision - Answer-bribery
when something of value is given to an employee to reward a business decision. - Answer-Illegal Gratuities
when a person demands payment or seeks to influence a business decision by threat of harm through loss of business or personal injury. - Answer-Extortion
involving employees and vendors, often using inflated billing or invoices for which the employee is paid a portion 3 / 4
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of the inflated or fictitious invoice. - Answer-Kickback Schemes
the creation, sale, or use of a counterfeit credit card, or the use of a stolen credit or debit card. - Answer-credit card fraud
Card not present transactions - Answer-C.N.P
involves the unauthorized use of another person's personal data for illegal financial benefit. Involves abusing the stolen information to transact personal business in the victim's name. - Answer-identity fraud
the fraudulent acquisition or stealing of confidential personal information. - Answer-identity theft
Theft (stealing money, ID, or assests) and deception (cooking the books, lying to shareholders, employees or partners) - Answer-2 categories that encompass Fraud
"We have very little fraud here" ex: subprime mortgage
fraud - Answer-Myth #1 of the Financial Services
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