ACFE CFE - Certified Fraud Examiner Exam
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Total 186 questions
Question #1 (Topic: )
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
Answer: C
Question #2 (Topic: )
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
Answer: C
Question #3 (Topic: )
A fabricated name and the post office box that an employee uses to collect disbursements
from false billings is called:
from false billings is called:
A. Accomplice residence
B. Shell company
C. Perpetrator check
D. Cash generator
Answer: B
Question #4 (Topic: )
What can make it easy for an employee to skim sales or receivables?
A. Revenue sources and recording procedures
B. Poor collection and recording procedures
C. Internal audits and recording procedures
D. Register manipulations and recording procedures
Answer: B
Question #5 (Topic: )
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.
Answer: A
