CFE Financial and Fraud Schemes Study guides, Class notes & Summaries

CFE Exam - Financial and Fraud Schemes Questions With Correct Solutions, Already Passed!! Last document update:   ago

Illegal gratuity - Items to reward a decision after the recipient made the decision. Like a bribe Extortion - getting money by threats Economic extortion - When employee demands money through threats Kickbacks - Improper undisclosed payments made to obtain favorable treatment Three ways to prove corrupt payments - 1. Turn an inside witness 2. Secretly infiltrate ongoing transactions 3. Identify and trace corrupt payments through audit trail Inventory shrinkage - Loss of inventory resultin...