Free ACFE CFE Practice Test & Real Exam Questions
_________ revenues involve the recording sales of goods or services hat did not occur.
Correct Answer: A
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Which counts sometimes can give rise to inventory theft detection?
Correct Answer: B
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The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:
Correct Answer: A
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Which of the following factors is NOT included in most financial statement schemes?
Correct Answer: D
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Employees with the authority to grant discounts in order to skim revenues may use which authority?
Correct Answer: C
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The behavior profile of employees who are involved in bribery schemes may include:
Correct Answer: C
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_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.
Correct Answer: A
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Which of the following is true for Red flags associated with fictitious revenues?
Correct Answer: B
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Fill in Blank
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.
Correct Answer:
Statistical sampling
A journal in which all sales made on credit or cash are listed is:
Correct Answer: A
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Undisclosed payments made by vendors to employees of purchasing companies are referred to as:
Correct Answer: B
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Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.
Correct Answer: D
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