A falsified hours scheme can involve which of the following?

Prepare for the ACFE Certified Fraud Examiner (CFE) Financial Transactions and Fraud Schemes Test with our comprehensive quiz. Engage with flashcards, multiple choice questions, hints, and explanations. Ace your exam!

A falsified hours scheme is a type of fraud where an employee deceives their employer regarding the amount of hours they have worked. This can manifest in several ways. Overstating the hours worked is the most direct form of this scheme; employees may claim they worked more hours than they actually did to receive higher pay or overtime compensation.

Collusion with a co-worker can also play a role in this type of fraud. For instance, two employees might collaborate to support each other's inflated time entries by providing false corroboration or testimony about each other’s working hours.

Forging signatures is another method that can be utilized within a falsified hours scheme, particularly when an employee needs to submit time records or approval that requires supervisor sign-off. By forging these signatures, they can further support their fraudulent claim of hours worked.

Given that all of these actions can occur as part of a falsified hours scheme, encompassing them all acknowledges the various tactics used by individuals to commit this type of fraud. Each option contributes to the overall strategy of deceiving the employer regarding working hours. Therefore, selecting all of these factors as contributing elements to a falsified hours scheme is accurate.

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