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NEW QUESTION 33
________ increase assets and expenses and/or decrease liabilities and/or equity
- A. Debit
- B. None of all
- C. Credit
- D. Journal Entries
Answer: A
NEW QUESTION 34
The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:
- A. Misappropriate claims
- B. Reliance billing
- C. Billing scheme
- D. Bogus claims
Answer: D
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 35
_________ assumes the business will go on indefinitely in the future.
- A. Fair value
- B. Going concern
- C. Materiality
- D. Cost
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION 36
Entering a sales total lower than the amount actually paid by the customer is called:
- A. Internal sales audits
- B. Recording a sale procedure
- C. All of the above
- D. Underrings a sale
Answer: D
NEW QUESTION 37
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. 0
- B. 1
- C. 2
- D. 3
Answer: A
NEW QUESTION 38
Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
- A. True
- B. False
Answer: A
NEW QUESTION 39
Which of the following method is NOT used to detect conflicts of interest?
- A. Tips & Complaints
- B. Interviews with purchasing personnel
- C. Review of vendor ownership files
- D. Underbillings of assets
Answer: D
NEW QUESTION 40
_________ revenues involve the recording sales of goods or services hat did not occur.
- A. Concealed revenues
- B. Fictitious or fabricated revenues
- C. Red flag revenues
- D. Financial revenues
Answer: B
NEW QUESTION 41
Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.
- A. True
- B. False
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 42
______________ can be detected by closely examining the documentation submitted with the cash receipts.
- A. Approved transaction
- B. None of the above
- C. Fictitious refunds
- D. Voided purchases
Answer: C
NEW QUESTION 43
Which of the following is NOT the type of billing scheme?
- A. Personal purchases with company funds
- B. Invoicing via accomplice companies
- C. Invoicing via non-accomplice companies
- D. Invoicing via shell companies
Answer: B
NEW QUESTION 44
The fraudsters' interest lies with an employer other than a company.
- A. True
- B. False
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
Explanation/Reference:
NEW QUESTION 45
The scheme in which the same vendor is receiving favorable treatment can be found in purchases by vendor searches.
- A. True
- B. False
Answer: A
Explanation:
Section: Investigation
NEW QUESTION 46
Skimming cases can more likely to be detected by:
- A. Internal controls
- B. occupational frauds
- C. Internal audits
- D. Accidents
Answer: D
NEW QUESTION 47
The heart of book keeping system is the ___________.
- A. Asset
- B. Liability
- C. Journal
- D. Checkbook
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION 48
Asset misappropriation schemes were the "middle children" of the study; they were more common than fraudulent statements and more costly than corruption.
- A. True
- B. False
Answer: B
NEW QUESTION 49
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