Ohio Fraud Examiner Certification Exam

Ohio Fraud Examiner Certification Exam Practice Questions And Correct Answers (Verified Answers) Plus Rationales 2025|2026 Q&A | Instant Download Pdf

• Which of the following best describes occupational fraud?
• Theft by customers
• Use of one’s occupation for personal enrichment through misuse of

organizational resources

• Bribery of government officials
• Accounting errors

Rationale: Occupational fraud occurs when employees misuse their position

for personal gain.

• What is the primary objective of internal controls?
• Increase profits
• Prevent and detect errors and fraud
• Satisfy investors 1 / 4

• Reduce taxes

Rationale: Internal controls are designed to prevent, detect, and correct

irregularities.

• Which document provides evidence that a fraud investigation was

conducted properly?

• Payroll ledger
• Chain of custody form
• Purchase order
• Audit engagement letter

Rationale: Chain of custody ensures evidence integrity from collection to

presentation.

4. Skimming fraud involves:

• Stealing cash before it is recorded in accounting records
• Manipulating expense reports
• Overstating revenues
• Inflating assets

Rationale: Skimming removes cash before it enters the system, leaving no

record.

• Which is NOT a common red flag for asset misappropriation? 2 / 4

• Missing documents
• Strong segregation of duties
• Altered records
• Unexplained variances

Rationale: Strong segregation reduces fraud risk, not increases it.

6. The Fraud Triangle consists of pressure, opportunity, and:

• Motive
• Rationalization
• Planning
• Detection

Rationale: Rationalization allows the perpetrator to justify fraudulent

behavior.

7. In a bribery case, the most important element to prove is:

• Intent
• Quid pro quo exchange
• False statement
• Negligence

Rationale: Bribery requires showing an exchange of value for influence.

• Which act is primarily concerned with anti-bribery provisions? 3 / 4

• USA PATRIOT Act
• Foreign Corrupt Practices Act (FCPA)
• Sarbanes-Oxley Act
• False Claims Act

Rationale: FCPA prohibits bribing foreign officials.

9. A fraudulent disbursement scheme involves:

• Payment of false or inflated invoices
• Theft of physical assets
• Misstating liabilities
• Expense understatement

Rationale: Fraudulent disbursement diverts company funds through false

payments.

• Which of the following is an example of corruption?
• Conflict of interest
• Skimming
• Check tampering
• Payroll fraud

Rationale: Corruption includes conflicts, bribery, and extortion.

• A check tampering scheme generally requires:
• / 4