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  • Exam Number/Code : CFE-Financial-Transactions-and-Fraud-Schemes
  • Exam Name : Certified Fraud Examiner - Financial Transactions and Fraud Schemes Exam
  • Questions and Answers : 260 Q&As
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NEW QUESTION: 2
An IS auditor reviewing an outsourcing contract of IT facilities would expect it to define the:
A. application development methodology.
B. ownership of intellectual property.
C. access control software.
D. hardware configuration.
Answer: B
Explanation:
Of the choices, the hardware and access control software is generally irrelevant as long as the functionality, availability and security can be affected, which are specific contractual obligations. Similarly, the development methodology should be ofno real concern. The contract must, however, specify who owns the intellectual property (i.e., information being processed, application programs). Ownership of intellectual property will have a significant cost and is a key aspect to be defined in an outsourcing contract.

NEW QUESTION: 3
The custom formula is tgtPct*salary. Looking at the background element, what adjustment must be made?
Please choose the correct answer.

Response:
A. The tgtPct and salary fields must both be float fields
B. The basis field must be hidden in the background element
C. The basis field must be deleted from background element
D. The tgtPct and salary fields must both be numeric fields
Answer: B

NEW QUESTION: 4
The legislation that required all federally funded facilities to inform patients of their rights under rights under state law to accept or refuse medical treatment is known as____.
A. living wills.
B. advance directives.
C. Patient Self-determination Act.
D. Durable power of attorney.
Answer: C

 

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