Get Ready to Pass the CFE exam with ACFE Latest Practice Exam [Q89-Q113]

NO.89 The most common method of detection in corruption cases is:

NO.90 “Anticipate possible losses and omit potential profits”, this results in:

NO.91 Entering a sales total lower than the amount actually paid by the customer is called:

NO.92 When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:

NO.93 The seller’s price to the buyer is not fixed or determinable when:

NO.94 Which of the following are the classifications for the Corruption?

NO.95 Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

NO.96 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?

NO.97 In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.

NO.98 Which of the following is true for Red flags associated with fictitious revenues?

NO.99 Which sale occurs when the accomplice of the employee-fraudster “buys” merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?

NO.100 Which counts sometimes can give rise to inventory theft detection?

NO.101 ________ decrease assets and expenses and/or increase liabilities and/or equity

NO.102 The principle behind full disclosure is:

NO.103 According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:

NO.104 Which of the following are not of Basic types of non-sharable problems?

NO.105 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.

NO.106 According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

NO.107 Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

NO.108 In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or indicators of occupational fraud and abuse.

NO.109 A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

NO.110 The behavior profile of employees who are involved in bribery schemes may include:

NO.111 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:

NO.112 ________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

NO.113 Which of the following is NOT the phase of the bidding process?