Free ACFE CFE Test Practice Test Questions Exam Dumps [Q12-Q36]

Q12. False billing scheme states that:

Q13. Bid-rigging scheme occurs when:

Q14. Which of the following is NOT the reason why senior management will overstate business statement?

Q15. The principal way to detect omitted credits from books of account is through:

Q16. The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.

Q17. Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

Q18. If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

Q19. __________ are the amounts which are owned to other entities:

Q20. When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:

Q21. Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:

Q22. Which of the following is not the skimming scheme?

Q23. The most common method of detection in corruption cases is:

Q24. Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

Q25. The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

Q26. The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.

Q27. By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

Q28. SIMULATION
__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.

Q29. Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

Q30. A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

Q31. ____________ is a process by which a bookkeeper records all transactions and can adjust the books.

Q32. Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

Q33. Delivery has not occurred or services have not been rendered when:

Q34. ___________ and __________ are used to increase (or decrease) the equity account.

Q35. According to Hollinger and Clark for Policy development, management must pay attention to:

Q36. _____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.