Free ACFE CFE Practice Test & Real Exam Questions
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:
Correct Answer: B
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Which of the following is NOT standard of generally accepted accounting principles?
Correct Answer: D
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The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:
Correct Answer: B
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Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.
Correct Answer: B
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According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:
Correct Answer: D
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Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?
Correct Answer: A
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Which of the following method is NOT used to detect conflicts of interest?
Correct Answer: B
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Which of the following is NOT the reason to bribe employees of the purchaser?
Correct Answer: A
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Which of the following search is used for unusually high incidence of returns and allowances scheme?
Correct Answer: C
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______________ can be detected by closely examining the documentation submitted with the cash receipts.
Correct Answer: D
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____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.
Correct Answer: C
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Which of the following is the amount of money that would be realized upon the sale of the asset at some point in the future, less the costs associated with owing, operating and selling it?
Correct Answer: B
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According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.
Correct Answer: A
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The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.
Correct Answer: B
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