ACFE ACFE-CFE Online Practice Questions and Exam Preparation

ACFE ACFE-CFE Online Questions & Answers

• Question 131:

  Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

  A. Account analysis
  B. Bank reconciliation
  C. Check disbursement controls
  D. Check tampering
  C. Check disbursement controls

• Question 132:

  Which of the following is NOT the type of billing scheme?

  A. Invoicing via shell companies
  B. Invoicing via non-accomplice companies
  C. Invoicing via accomplice companies
  D. Personal purchases with company funds
  C. Invoicing via accomplice companies

• Question 133:

  The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:

  A. Inventory usages
  B. Fake sales
  C. Asset requisition
  D. All of the above
  C. Asset requisition

• Question 134:

  Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

  A. Tangible Assets
  B. Intangible Assets
  C. Forced Assets
  D. None of above
  B. Intangible Assets

• Question 135:

  Entering a sales total lower than the amount actually paid by the customer is called:

  A. Underrings a sale
  B. Recording a sale procedure
  C. Internal sales audits
  D. All of the above
  A. Underrings a sale

• Question 136:

  ____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

  A. False shipping slip
  B. False packing slip
  C. Fraudulent inventory slip
  D. False credit slip
  B. False packing slip

• Question 137:

  The fraudsters' interest lies with an employer other than a company.

  A. True
  B. False
  B. False

• Question 138:

  Bid-rigging scheme occurs when:

  A. an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.
  B. an employee does not assist a vendor in winning a contract through the competitive bidding process.
  C. an employee once assists a vendor in winning a contract through a single competitive bidding process.
  D. an employee once assists a vendor in winning a contract through a single competitive bidding process.
  A. an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

• Question 139:

  The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

  A. Revenue sources
  B. Recorded sales
  C. Internal audits
  D. Register manipulations
  A. Revenue sources

• Question 140:

  __________ are the amounts which are owned to other entities:

  A. Supplies
  B. Expenses
  C. Assets
  D. Liabilities
  D. Liabilities