Free ACFE CFE Practice Test & Real Exam Questions
___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.
Correct Answer: C
Vote an answer
By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.
Correct Answer: D
Vote an answer
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.
Correct Answer: A
Vote an answer
Which of the following are used in a short term skimming scheme?
Correct Answer: D
Vote an answer
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:
Correct Answer: A
Vote an answer
Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.
Correct Answer: A
Vote an answer
Fill in Blank
A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.
A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.
Correct Answer:
Civil lawsuit
What can make it easy for an employee to skim sales or receivables?
Correct Answer: A
Vote an answer
Fill in Blank
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.
Correct Answer:
Inventory control
Delivery has not occurred or services have not been rendered when:
Correct Answer: B
Vote an answer
__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.
Correct Answer: B
Vote an answer
One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.
Correct Answer: A
Vote an answer
