Financial CFEX Exam (page: 5)
Financial Certified Fraud Examiner (CFEX)
Updated on: 25-Dec-2025

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___________involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

  1. Fraudulent statement
  2. Corruption
  3. Asset misappropriations
  4. None of above

Answer(s): A



Asset misappropriation schemes were the "middle children" of the study; they were more common than fraudulent statements and more costly than corruption.

  1. True
  2. False

Answer(s): B



According to Marshall, _________are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

  1. Assets
  2. Liabilities
  3. Credentials
  4. None of above

Answer(s): A



Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

  1. Tangible Assets
  2. Intangible Assets
  3. Forced Assets
  4. None of above

Answer(s): B



A tangible asset is one which is:

  1. capable of being perceived
  2. capable of being appraised
  3. Both A & B
  4. Neither A nor B

Answer(s): C



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