Best Way To Study For ACFE CFE Exam Brilliant CFE Exam Questions PDF
Updated Verified Pass CFE Exam - Real Questions and Answers
NEW QUESTION 39
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
- A. Small disbursements
- B. Very small disbursements
- C. Simple disbursements
- D. None of the above
Answer: A
NEW QUESTION 40
Which of the following is the criterion for bid solicitation?
- A. To withdraw low bids
- B. Containing false statements
- C. Allowing the purchaser to discuss possible employment with the contractor
- D. To falsify the bid log
Answer: C
NEW QUESTION 41
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
- A. Rationalization
- B. None of the above
- C. Isolation
- D. Violation
Answer: A
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 42
__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.
- A. Write-offs
- B. Altered
- C. False shipping slip
- D. Perpetual
Answer: C
NEW QUESTION 43
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?
- A. Bid-rigging
- B. Kickbacks
- C. Competitive bidding
- D. Bid solicitation
Answer: C
NEW QUESTION 44
The principal way to detect omitted credits from books of account is through:
- A. Expense account
- B. None of all
- C. Forced Balance
- D. Trend analysis
Answer: D
NEW QUESTION 45
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:
- A. Corruption
- B. Overbilling
- C. Conflict of interest
- D. Bribery
Answer: A
NEW QUESTION 46
When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:
- A. Presolicitation scheme
- B. Submission scheme
- C. Need recognition scheme
- D. False sole-source scheme
Answer: C
NEW QUESTION 47
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.
- A. True
- B. False
Answer: B
NEW QUESTION 48
"Anticipate possible losses and omit potential profits", this results in:
- A. Playing accounting
- B. Symmetrical accounting
- C. Asymmetrical accounting
- D. Bearing accounting
Answer: C
NEW QUESTION 49
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:
- A. Internal audits
- B. Recorded sales
- C. Revenue sources
- D. Register manipulations
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION 50
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
- A. Holographic safety inks
- B. Chrome coloring
- C. High-resolution sprays
- D. Watermark backers
Answer: D
Explanation:
Section: Investigation
NEW QUESTION 51
Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:
- A. Check disbursement controls
- B. Check tampering
- C. Bank reconciliation
- D. Account analysis
Answer: A
NEW QUESTION 52
Which of the following must be present for a fraud to exist?
- A. Reliance on the fast statement by the victim
- B. Knowledge that the statement was false when it was uttered
- C. All of the above
- D. A material false statement
Answer: C
NEW QUESTION 53
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:
- A. Beguile
- B. Mislead
- C. Deceive
- D. Delude
Answer: D
NEW QUESTION 54
Financial statement fraud is committed by:
- A. All of the above
- B. Mid and lower level employees
- C. Senior Management
- D. Organized criminals
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION 55
......
Updated PDF (New 2023) Actual ACFE CFE Exam Questions: https://www.exam4free.com/CFE-valid-dumps.html
Dumps Moneyack Guarantee - CFE Dumps Approved Dumps: https://drive.google.com/open?id=1t0LeobgaHwEPWI3lFsym8rdjoGcocArf
