Free ACFE CFE Practice Test & Real Exam Questions
____________ is a summary of the account balances carried in a ledger.
Correct Answer: A
Vote an answer
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?
Correct Answer: B
Vote an answer
A running count that records how much inventory should be on hand is referred to:
Correct Answer: D
Vote an answer
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
Correct Answer: D
Vote an answer
The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:
Correct Answer: A
Vote an answer
A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:
Correct Answer: D
Vote an answer
In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.
Correct Answer: D
Vote an answer
When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:
Correct Answer: C
Vote an answer
When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:
Correct Answer: B
Vote an answer
Which of the following is NOT the method for stealing inventory and other assets?
Correct Answer: D
Vote an answer
Which of the following is NOT the example of bribery prevention policies?
Correct Answer: B
Vote an answer
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?
Correct Answer: A
Vote an answer
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
Correct Answer: B
Vote an answer
