ACFE ACFE-CFE Online Practice Questions and Exam Preparation

ACFE ACFE-CFE Online Questions & Answers

• Question 171:

  Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

  A. True
  B. False
  B. False

• Question 172:

  When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:

  A. Forced Balance
  B. Out-of-balance
  C. False balance
  D. None of all
  A. Forced Balance

• Question 173:

  Which of the following is NOT the phase of the bidding process?

  A. Presolicitation
  B. Postsolicitation
  C. Solicitation
  D. Submission
  B. Postsolicitation

• Question 174:

  ________ decrease assets and expenses and/or increase liabilities and/or equity

  A. Journal Entries
  B. Debit
  C. Credit
  D. None of all
  C. Credit

• Question 175:

  Inventory shrinkage is the unaccounted-for reduction in the company's inventory that does not results from theft.

  A. True
  B. False
  B. False

• Question 176:

  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 177:

  The principal way to detect omitted credits from books of account is through:

  A. Forced Balance
  B. Trend analysis
  C. Expense account
  D. None of all
  B. Trend analysis

• Question 178:

  "Anticipate possible losses and omit potential profits", this results in:

  A. Asymmetrical accounting
  B. Symmetrical accounting
  C. Playing accounting
  D. Bearing accounting
  A. Asymmetrical accounting

• Question 179:

  A variation between the physical inventory and the perpetual inventory totals is called:

  A. Altered inventory
  B. Account receivable
  C. Shrinkage
  D. Write-offs
  C. Shrinkage

• Question 180:

  By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.

  A. Journal Entries
  B. Out-of-balance
  C. False debits
  D. None of all
  B. Out-of-balance