This page was exported from Free Exams Dumps Materials [ http://exams.dumpsmaterials.com ] Export date:Thu Nov 21 13:36:30 2024 / +0000 GMT ___________________________________________________ Title: Free ACFE CFE Test Practice Test Questions Exam Dumps [Q12-Q36] --------------------------------------------------- Free ACFE CFE Test Practice Test Questions Exam Dumps Prepare Top ACFE CFE Exam Audio Study Guide Practice Questions Edition Q12. False billing scheme states that:  employees do not cause their company to purchase merchandise that the company does not need.  employees cause their company to sale merchandise that the company does not need.  employees do not cause their company to sale merchandise that the company does not need.  employees cause their company to purchase merchandise that the company does not need Section: Financial Transactions and Fraud SchemesExplanationQ13. Bid-rigging scheme occurs when:  an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.  an employee does not assist a vendor in winning a contract through the competitive bidding process.  an employee once assists a vendor in winning a contract through a single competitive bidding process.  an employee once assists a vendor in winning a contract through a single competitive bidding process. Q14. Which of the following is NOT the reason why senior management will overstate business statement?  Comply with debit covenants  Meet personal performance criteria  Trigger performance related compensation  Show a pattern of growth to support sale of a business Section: Fraud Prevention and DeterrenceQ15. The principal way to detect omitted credits from books of account is through:  Forced Balance  Trend analysis  Expense account  None of all Q16. The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.  Bid-splitting  Sealed bids  General purchasing  Tailor specifications Section: Fraud Prevention and DeterrenceQ17. Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.  True  False Q18. If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:  Inventory larceny scheme  Asset receiving scheme  Fraudulent purchase  Falsify shipping Q19. __________ are the amounts which are owned to other entities:  Supplies  Expenses  Assets  Liabilities Q20. When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:  Small disbursements  Very small disbursements  Simple disbursements  None of the above Section: InvestigationQ21. Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:  Check disbursement  Bank confirmation  Bank confirmation  Cut-off statements Q22. Which of the following is not the skimming scheme?  Unrecorded sales  Fraud & Cost  Theft of checks through the mail  Understand sales and receivables Q23. The most common method of detection in corruption cases is:  Internal audits  Internal controls  Tips  By accident Q24. Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:  Organized accounting  Playing the accounting  beating accounting  All of the above Section: Financial Transactions and Fraud SchemesQ25. The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:  Bogus claims  Billing scheme  Reliance billing  Misappropriate claims Section: Fraud Prevention and DeterrenceQ26. The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.  True  False 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.  Fraudulent statement  Misappropriations  Conservatism  Matching Section: Financial Transactions and Fraud SchemesQ28. SIMULATION__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees. Official actQ29. Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.  Equity  Balance sheet  Expense  Financial record 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:  Conflict of interest in sale  Turnaround sale or flip  Unauthorized sale  Written sale of unique assets Section: Fraud Prevention and DeterrenceQ31. ____________ is a process by which a bookkeeper records all transactions and can adjust the books.  Journal Entries  Accounting Cycle  Financial statement  None of all Q32. Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:  Organized accounting  Playing the accounting  beating accounting  All of the above Q33. Delivery has not occurred or services have not been rendered when:  Until installation and customer testing and acceptance has occurred.  A written order exists but contains a right of return.  Both A & B  Neither A nor B Q34. ___________ and __________ are used to increase (or decrease) the equity account.  Journal Entries & Debit  Journal Entries & transactions  Journal Entries & Credit  None of all Q35. According to Hollinger and Clark for Policy development, management must pay attention to:  A clear understanding regarding theft behavior  Enforcement of sanctions  Both A & B  Neither A nor B Q36. _____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.  Fraudulent statement  Corruption  Asset misappropriations  None of above  Loading … Go to CFE Questions - Try CFE dumps pdf: https://www.dumpsmaterials.com/CFE-real-torrent.html --------------------------------------------------- Images: https://exams.dumpsmaterials.com/wp-content/plugins/watu/loading.gif https://exams.dumpsmaterials.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2024-09-20 13:08:45 Post date GMT: 2024-09-20 13:08:45 Post modified date: 2024-09-20 13:08:45 Post modified date GMT: 2024-09-20 13:08:45