BRAIN CFE EXAM EXAM | BEST WAY TO PASS ACFE CFE

Brain CFE Exam Exam | Best Way to Pass ACFE CFE

Brain CFE Exam Exam | Best Way to Pass ACFE CFE

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Tags: Brain CFE Exam, CFE Reliable Exam Review, Valid Dumps CFE Free, Books CFE PDF, CFE Pass Test

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ACFE Certified Fraud Examiner Sample Questions (Q11-Q16):

NEW QUESTION # 11
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

  • A. Balance sheet
  • B. Expense
  • C. Equity
  • D. Financial record

Answer: B

Explanation:
Section: Financial Transactions and Fraud Schemes


NEW QUESTION # 12
A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:

  • A. Turnaround sale or flip
  • B. Written sale of unique assets
  • C. Unauthorized sale
  • D. Conflict of interest in sale

Answer: A


NEW QUESTION # 13
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


NEW QUESTION # 14
Which of the following is the criterion for bid solicitation?

  • A. To withdraw low bids
  • B. To falsify the bid log
  • C. Containing false statements
  • D. Allowing the purchaser to discuss possible employment with the contractor

Answer: D


NEW QUESTION # 15
The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.

  • A. True
  • B. False

Answer: B

Explanation:
Section: Financial Transactions and Fraud Schemes
Explanation/Reference:


NEW QUESTION # 16
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