SOFE SOFE Certifications SOFE-CFE Questions & Answers

• Question 331:

  Employees can falsify the amount of sales they have made in which of the following way?

  A. Fictitious sales

  B. Altered sales

  C. Converting sales of others

  D. All of the above

  Correct Answer: D

• Question 332:

  Worker's compensation is not a payroll account, but rather an insurance expense.

  A. true

  B. False

  Correct Answer: A

• Question 333:

  The primary victim of what is not the employer but the insurance carrier for the employee?

  A. Employee's fraud cash filter

  B. Worker's compensation scheme

  C. Employees' recognized codes of conduct

  D. Worker's profit scheme

  Correct Answer: B

• Question 334:

  A unique form of compensation that is not based on hours worked or a set yearly salary, but rather on an employee's revenue output.

  A. Commission

  B. Profit

  C. Assignment

  D. Authority

  Correct Answer: A

• Question 335:

  Which of the following is the method for the employee to obtain the needed authorization?

  A. Forgoing a supervisor's signature

  B. Collusion with a supervisor

  C. Rubber-stamp supervisor

  D. All of the above

  Correct Answer: D

• Question 336:

  _____________ is a more difficult problem when the ghost is a former employee who was simply not removed from the payroll.

  A. Distribution

  B. Disbursement

  C. Cash out

  D. Paycheck

  Correct Answer: A

• Question 337:

  The most common method of misappropriating funds from the payroll is the:

  A. crediting wages

  B. ghost employee payment

  C. overpayment of wages

  D. fraudulent disbursements

  Correct Answer: C

• Question 338:

  The heart of which scheme is in the falsification of payroll records and timekeeping information?

  A. Falsified hour's scheme

  B. timekeeping scheme

  C. ghost employee scheme

  D. commission disbursement scheme

  Correct Answer: C

• Question 339:

  In order for a ghost employee scheme to work, which thing must NOT happen?

  A. ghost must be added to the payroll

  B. timekeeping and wage rate information must be collected

  C. paycheck must be issued to the ghost

  D. check must be delivered to the payroll company

  Correct Answer: D

• Question 340:

  ______________ refers to someone on the payroll who does not actually work for the victim company.

  A. Ghost employee

  B. Falsified employee

  C. Change delivery for terminated employee D. Paychecks employees

  Correct Answer: A