ACFE CFE - Certified Fraud Examiner Exam
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Total 186 questions
Question #6 (Topic: )
Revenue is recognized when it is:
A. Realized and Earned
B. Fictitious and Earned
C. Realized and Evidenced
D. All of the above
Answer: A
Question #7 (Topic: )
A shell company scheme in which actual goods or services are sold to the victim company
is known as:
is known as:
A. Maintenance scheme
B. Allocation scheme
C. Distribution scheme
D. Pass-through scheme
Answer: D
Question #8 (Topic: )
Which of the following must be present for a fraud to exist?
A. A material false statement
B. Knowledge that the statement was false when it was uttered
C. Reliance on the fast statement by the victim
D. All of the above
Answer: D
Question #9 (Topic: )
In which of the following process, all bidders are legally supposed to be placed on the
same plane of equality, bidding on the same terms and conditions?
same plane of equality, bidding on the same terms and conditions?
A. Bid-rigging
B. Kickbacks
C. Competitive bidding
D. Bid solicitation
Answer: C
Question #10 (Topic: )
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:
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
Answer: B
