Pass the ACFE Certified Fraud Examiner CFE Questions and answers with CertsForce

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Viewing questions 31-40 out of questions
Questions # 31:

Persuasive evidence of an arrangement does not exist when:

Options:

A.

Revenue and corresponding expenses doesn’t match each other.


B.

No written or verbal agreement exists.


C.

Timings not meet properly


D.

Capitalized expenses and Liabilities will not be up to satisfied level


Questions # 32:

Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

Options:

A.

Account analysis


B.

Bank reconciliation


C.

Check disbursement controls


D.

Check tampering


Questions # 33:

According to a survey, in principal perpetrator, males in a majority of cases, accounting for ___ percent of frauds versus ___ percent in which a female was the primary culprit.

Options:

A.

62 versus 36


B.

61 versus 39


C.

62 versus 37


D.

None of the above


Questions # 34:

The difference between assets and liabilities is called:

Options:

A.

Equity


B.

Expense


C.

Revenue


D.

Income statement


Questions # 35:

_________ normally are carried on an organization’s books as expenses because they tend to be consumed by the organization within a year of purchase.

Options:

A.

Supplies


B.

Expenses


C.

Assets


D.

Equity


Questions # 36:

Which of the following is NOT the type of billing scheme?

Options:

A.

Invoicing via shell companies


B.

Invoicing via non-accomplice companies


C.

Invoicing via accomplice companies


D.

Personal purchases with company funds


Questions # 37:

Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:

Options:

A.

Fraudulent statement scheme


B.

Asset misappropriation scheme


C.

Larceny scheme


D.

Register disbursement scheme


Questions # 38:

A journal in which all sales made on credit or cash are listed is:

Options:

A.

Disbursement journal


B.

Accounts receivable journal


C.

Accounts payable journal


D.

General journal


Questions # 39:

Forced reconciliation of the account says:

Options:

A.

to conceal shrinkage is to alter inventory record so that it matches the physical inventory count.


B.

to conceal inventory is to alter shrinkage record so that it matches the physical inventory count.


C.

to conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.


D.

to conceal write-offs is to change the perpetual inventory record so that it matches the physical inventory count.


Questions # 40:

Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor’s side of the transaction who is not making an illicit payment.

Options:

A.

True


B.

False


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