100% Reliable Microsoft CFE Exam Dumps Test Pdf Exam Material
Based on Official Syllabus Topics of Actual ACFE CFE Exam
The CFE credential is highly valued in the fraud examination industry, and is recognized globally as a standard of excellence in the field. Certified Fraud Examiner certification is awarded to individuals who demonstrate expertise in four key areas: fraud prevention and deterrence, financial transactions and fraud schemes, investigation, and law. To be eligible to take the CFE exam, candidates must have a bachelor's degree or equivalent and two years of professional experience in a related field.
NEW QUESTION # 25
Skimming is:
- A. The removal of cash from a victim entity prior to its entry in an accounting system.
- B. None of above
- C. The removal of cash from a victim entity after its entry in an accounting system.
- D. The addition of cash from a victim entity prior to its entry in an accounting system.
Answer: A
NEW QUESTION # 26
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. Billing scheme
- C. Bogus claims
- D. Reliance billing
Answer: C
NEW QUESTION # 27
Which of the following are not of Basic types of non-sharable problems?
- A. Business reversals
- B. Violation of ascribed obligations
- C. Larceny by Fraud
- D. Physical Isolation
Answer: C
NEW QUESTION # 28
The scheme in which the same vendor is receiving favorable treatment can be found in purchases by vendor searches.
- A. False
- B. True
Answer: B
NEW QUESTION # 29
A journal in which all sales made on credit or cash are listed is:
- A. Accounts payable journal
- B. Accounts receivable journal
- C. General journal
- D. Disbursement journal
Answer: B
NEW QUESTION # 30
Which of the following search is used for unusually high incidence of returns and allowances scheme?
- A. Allowances by vendors
- B. Disposals of allowances than reorders
- C. Returns and allowances
- D. None of the above
Answer: C
NEW QUESTION # 31
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.
- A. False
- B. True
Answer: B
NEW QUESTION # 32
Fill in blank
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Answer:
Explanation:
Embezzling
NEW QUESTION # 33
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:
- A. Recorded sales
- B. Internal audits
- C. Register manipulations
- D. Revenue sources
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
Explanation/Reference:
NEW QUESTION # 34
CORRECT TEXT
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.
Answer:
Explanation:
Pending
NEW QUESTION # 35
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?
- A. Payable checks
- B. Duplicate checks
- C. Voided checks
- D. Missing checks
Answer: D
Explanation:
Section: Investigation
NEW QUESTION # 36
Which of the following is NOT the example of bribery prevention policies?
- A. Discounts
- B. Resource diversions
- C. Reporting gifts
- D. Business meetings
Answer: B
NEW QUESTION # 37
Collusion or bid-rigging between bidders is called
- A. To withdraw low bids
- B. Bid solicitation
- C. Contract acceptance
- D. Bribery receipt
Answer: C
NEW QUESTION # 38
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
- A. Forced Balance
- B. False balance
- C. None of all
- D. Out-of-balance
Answer: A
NEW QUESTION # 39
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?
- A. Payable checks
- B. Duplicate checks
- C. Voided checks
- D. Missing checks
Answer: D
NEW QUESTION # 40
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