ACFE ACFE-CFE Online Practice Questions and Exam Preparation

ACFE ACFE-CFE Online Questions & Answers

• Question 161:

  In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

  A. High-resolution sprays
  B. Holographic safety inks
  C. Watermark backers
  D. Chrome coloring
  C. Watermark backers

• Question 162:

  The heart of book keeping system is the ___________.

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

• Question 163:

  __________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.

  A. Altered
  B. Perpetual
  C. False shipping slip
  D. Write-offs
  C. False shipping slip

• Question 164:

  Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

  A. Fraudulent scheme
  B. Disbursement scheme
  C. Register scheme
  D. Force inventory scheme
  C. Register scheme

• Question 165:

  Skimming is:

  A. The removal of cash from a victim entity prior to its entry in an accounting system.
  B. The addition of cash from a victim entity prior to its entry in an accounting system.
  C. The removal of cash from a victim entity after its entry in an accounting system.
  D. None of above
  A. The removal of cash from a victim entity prior to its entry in an accounting system.

• Question 166:

  Forced reconciliation of the account says:

  A. to conceal shrinkage is to alter inventory record so that it matches the physical inventory count.
  B. to conceal inventory is to alter shrinkage record so that it matches the physical inventory count.
  C. to conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.
  D. to conceal write-offs is to change the perpetual inventory record so that it matches the physical inventory count.
  C. to conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.

• Question 167:

  A tangible asset is one which is:

  A. capable of being perceived
  B. capable of being appraised
  C. Both A and B
  D. Neither A nor B
  C. Both A and B

• Question 168:

  A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:

  A. Microline numbering
  B. Holographic safety border
  C. Embossed pearlescent numbering
  D. None of the above
  B. Holographic safety border

• Question 169:

  The most common method for billing scheme is:

  A. Register
  B. Tips
  C. Accident
  D. None of the above
  B. Tips

• Question 170:

  Which of the following is not the skimming scheme?

  A. Unrecorded sales
  B. Fraud and Cost
  C. Theft of checks through the mail
  D. Understand sales and receivables
  B. Fraud and Cost