March Special Sale - Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 575363r9

Welcome To DumpsPedia

CFE Sample Questions Answers

Questions 4

In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

Options:

A.

Sale requisition

B.

Purchase requisition

C.

Voucher handling

D.

Cash generating

Buy Now
Questions 5

____________ is a process by which a bookkeeper records all transactions and can adjust the books.

Options:

A.

Journal Entries

B.

Accounting Cycle

C.

Financial statement

D.

None of all

Buy Now
Questions 6

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

Buy Now
Questions 7

One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

Options:

A.

True

B.

False

Buy Now
Questions 8

Which of the following is NOT the reason why senior management will overstate business statement?

Options:

A.

Comply with debit covenants

B.

Meet personal performance criteria

C.

Trigger performance related compensation

D.

Show a pattern of growth to support sale of a business

Buy Now
Questions 9

________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

Options:

A.

Deceive

B.

Delude

C.

Mislead

D.

Beguile

Buy Now
Questions 10

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

Buy Now
Questions 11

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

Buy Now
Questions 12

In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or indicators of occupational fraud and abuse.

Options:

A.

81

B.

82

C.

83

D.

84

Buy Now
Questions 13

Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

Options:

A.

True

B.

False

Buy Now
Questions 14

____________ is a summary of the account balances carried in a ledger.

Options:

A.

Balance sheet

B.

Income statement

C.

Financial statement

D.

General journal

Buy Now
Questions 15

Conflict of interest cases are more easily prevented than detected.

Options:

A.

True

B.

False

Buy Now
Questions 16

A voucher is:

Options:

A.

a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.

B.

a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

C.

a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

D.

a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

Buy Now
Questions 17

________ increase assets and expenses and/or decrease liabilities and/or equity

Options:

A.

Journal Entries

B.

Debit

C.

Credit

D.

None of all

Buy Now
Questions 18

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

Options:

A.

True

B.

False

Buy Now
Questions 19

Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.

Options:

A.

True

B.

False

Buy Now
Questions 20

Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

Options:

A.

Tangible Assets

B.

Intangible Assets

C.

Forced Assets

D.

None of above

Buy Now
Questions 21

The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

Options:

A.

True

B.

False

Buy Now
Questions 22

Which of the following offender types in which people who take the money and run away?

Options:

A.

Absconders

B.

Long-term violators

C.

Offender types

D.

None of the above

Buy Now
Questions 23

Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company’s profits.

Options:

A.

True

B.

False

Buy Now
Questions 24

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

Options:

A.

True

B.

False

Buy Now
Questions 25

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

Options:

A.

Single employee

B.

Two employees

C.

More then two employees

D.

None of the above

Buy Now
Questions 26

The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

Options:

A.

Conflict of interest

B.

Corruption

C.

Bribery

D.

Overbilling

Buy Now
Questions 27

Which of the following method is NOT used to detect conflicts of interest?

Options:

A.

Tips & Complaints

B.

Review of vendor ownership files

C.

Underbillings of assets

D.

Interviews with purchasing personnel

Buy Now
Exam Code: CFE
Exam Name: Certified Fraud Examiner
Last Update: Mar 26, 2024
Questions: 186
$64  $159.99
$48  $119.99
$40  $99.99
buy now CFE