Free ACFE CFE Practice Test & Real Exam Questions
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.
Correct Answer: B
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According to a survey, in principal perpetrator, males in a majority of cases, accounting for ___ percent of frauds versus ___ percent in which a female was the primary culprit.
Correct Answer: D
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The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.
Correct Answer: B
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The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.
Correct Answer: A
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In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?
Correct Answer: D
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Which of the following must be present for a fraud to exist?
Correct Answer: C
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A shell company scheme in which actual goods or services are sold to the victim company is known as:
Correct Answer: B
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A __________ is a day-by-day, or chronological, record of transactions
Correct Answer: A
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Fill in Blank
_________ is defined as a person who works for the victim organization and who is primary culprit
_________ is defined as a person who works for the victim organization and who is primary culprit
Correct Answer:
Principal perpetrator
Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?
Correct Answer: A
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