ACFE CFE - Certified Fraud Examiner Exam
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Total 186 questions
Question #11 (Topic: )
A scheme is classified as a Conflict of interest:
A. when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
B. when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
C. when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
D. when a dealer must have some kind of dealership interest in the vendor submitting the stock.
Answer: A
Question #12 (Topic: )
__________ inventory and other assets is relatively common way for fraudsters to remove
assets from the books before or after they are stolen.
assets from the books before or after they are stolen.
A. Altered
B. Perpetual
C. False shipping slip
D. Write-offs
Answer: C
Question #13 (Topic: )
Any expenses that are incurred but not paid by the end of the year are counted in our
records of profit and loss, are called:
records of profit and loss, are called:
A. Accruals
B. Depreciations
C. Expenses
D. Financial record
Answer: A
Question #14 (Topic: )
Undisclosed payments made by vendors to employees of purchasing companies are
referred to as:
referred to as:
A. Bid-rigging
B. Kickbacks
C. Presolicitaion
D. None of the above
Answer: B
Question #15 (Topic: )
The most common method of detection in corruption cases is:
A. Internal audits
B. Internal controls
C. Tips
D. By accident
Answer: C
