ACFE ACFE-CFE Online Practice Questions and Exam Preparation

ACFE ACFE-CFE Online Questions & Answers

• Question 141:

  In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.

  A. Organized accounting
  B. Playing the accounting
  C. Beating accounting
  D. Outside accounting system
  D. Outside accounting system

• Question 142:

  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

• Question 143:

  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 144:

  Which of the following offender types in which people who take the money and run away?

  A. Absconders
  B. Long-term violators
  C. Offender types
  D. None of the above
  A. Absconders

• Question 145:

  Which of the following is NOT the example of bribery prevention policies?

  A. Reporting gifts
  B. Discounts
  C. Business meetings
  D. Resource diversions
  D. Resource diversions

• Question 146:

  CORRECT TEXT One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.

  Embezzling

• Question 147:

  Which of the following is NOT the aspect of inventory purchase?

  A. Inventory purchases purposely increase in year 1 only to be liquidated in year 2.
  B. inventory for the year 2 will be much greater than year 1.
  C. Increase sales in year 2 are unexpected and purchase of inventory does not keep pace with the sales.
  D. might be some fraud scheme in inventory.
  B. inventory for the year 2 will be much greater than year 1.

• Question 148:

  Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.

  A. Interest and Collusion
  B. Inventory and Equipment
  C. Inventory and Purchase
  D. Sales and Equipment
  B. Inventory and Equipment

• Question 149:

  CORRECT TEXT A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

  Civil lawsuit

• Question 150:

  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
  A. Small disbursements