ACFE ACFE-CFE Online Practice Questions and Exam Preparation

ACFE ACFE-CFE Online Questions & Answers

• Question 1:

  CORRECT TEXT __________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.

  Official act

• Question 2:

  CORRECT TEXT ___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.

  Statistical sampling

• Question 3:

  CORRECT TEXT ______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

  Inventory control

• Question 4:

  CORRECT TEXT _________ is defined as a person who works for the victim organization and who is primary culprit

  Principal perpetrator

• Question 5:

  The heart of book keeping system is the ___________.

  A. Asset
  B. Liability
  C. Checkbook
  D. Journal
  C. Checkbook

• Question 6:

  A typical issue involving material and fraud would be:

  A. Fraudulent statement
  B. Misappropriations
  C. Civil lawsuit
  D. Quality control
  B. Misappropriations

• Question 7:

  __________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

  A. Conflict of interest
  B. Turnaround sale or flip
  C. Disclosure
  D. Resource diversion
  C. Disclosure

• Question 8:

  Collusion or bid-rigging between bidders is called

  A. Bribery receipt
  B. Bid solicitation
  C. To withdraw low bids
  D. Contract acceptance
  D. Contract acceptance

• Question 9:

  When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.

  A. True
  B. False
  B. False

• Question 10:

  One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

  A. True
  B. False
  A. True