ACFE CFE-FINANCIAL-TRANSACTIONS-AND-FRAUD-SCHEMES Online Practice Questions and Exam Preparation

ACFE CFE-FINANCIAL-TRANSACTIONS-AND-FRAUD-SCHEMES Online Questions & Answers

• Question 81:

  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 82:

  Physical tampering prevention is a check tampering technique that is used to secure bank- assisted controls.

  A. True
  B. False
  B. False

• Question 83:

  In Fraud scale pressure, opportunity and integrity variables all results in a list of __________ possible red flags or indicators of occupational fraud and abuse.

  A. 81
  B. 82
  C. 83
  D. 84
  B. 82

• Question 84:

  Undisclosed payments made by vendors to employees of purchasing companies are referred to as:

  A. Bid-rigging
  B. Kickbacks
  C. Presolicitaion
  D. None of the above
  B. Kickbacks

• Question 85:

  A voucher is:

  A. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased , and the internal receiving reports that verify the purchased items have been delivered.
  B. a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold , and the internal receiving reports that verify the purchased items have been delivered.
  C. a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased , and the external receiving reports that verify the items have been sold.
  D. a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased , and the internal receiving reports that verify the purchased items have been sold.
  A. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased , and the internal receiving reports that verify the purchased items have been delivered.

• Question 86:

  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

• Question 87:

  When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

  A. Presolicitation scheme
  B. Need recognition scheme
  C. False sole-source scheme
  D. Submission scheme
  B. Need recognition scheme

• Question 88:

  Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

  A. True
  B. False
  A. True

• Question 89:

  The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

  A. True
  B. False
  A. True

• Question 90:

  Most of the shell company schemes involve the purchase of goods rather than services.

  A. True
  B. False
  B. False