CFE Updated Exam Dumps [2023] Practice Valid Exam Dumps Question
CFE Sample with Accurate & Updated Questions
NEW QUESTION 88
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:
- A. Mislead
- B. Beguile
- C. Deceive
- D. Delude
Answer: D
NEW QUESTION 89
Physical tampering prevention is a check tampering technique that is used to secure bank assisted controls.
- A. False
- B. True
Answer: A
Explanation:
Section: Investigation
Explanation/Reference:
NEW QUESTION 90
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.
- A. 62 versus 36
- B. 62 versus 37
- C. None of the above
- D. 61 versus 39
Answer: D
NEW QUESTION 91
SIMULATION
_________ is defined as a person who works for the victim organization and who is primary culprit
Answer:
Explanation:
Principal perpetrator
NEW QUESTION 92
SIMULATION
__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.
Answer:
Explanation:
Official act
NEW QUESTION 93
A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:
- A. Conversion
- B. Fiduciary Capacity
- C. Embezzlement
- D. None of the above
Answer: B
NEW QUESTION 94
By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.
- A. Out-of-balance
- B. Journal Entries
- C. None of all
- D. False debits
Answer: A
NEW QUESTION 95
Undisclosed payments made by vendors to employees of purchasing companies are referred to as:
- A. Kickbacks
- B. Bid-rigging
- C. None of the above
- D. Presolicitaion
Answer: A
NEW QUESTION 96
In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.
- A. Deliberate writing of vague specifications
- B. False specification
- C. Need recognition
- D. Bid-splitting
Answer: A
NEW QUESTION 97
Which of the following is NOT the reason to bribe employees of the purchaser?
- A. To ensure bid-splitting
- B. To falsify the bid log
- C. To ensure receipt of a late bid
- D. To extend the bid opening date
Answer: A
NEW QUESTION 98
Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.
- A. Two employees
- B. None of the above
- C. Single employee
- D. More then two employees
Answer: C
NEW QUESTION 99
People commit financial statement fraud to:
- A. Conceal false business performances
- B. Maintain personal income
- C. Preserve personal status/control
- D. Stand outside the accounting system
Answer: C
NEW QUESTION 100
The most common method of detection in corruption cases is:
- A. Tips
- B. Internal controls
- C. By accident
- D. Internal audits
Answer: A
NEW QUESTION 101
A typical issue involving material and fraud would be:
- A. Quality control
- B. Misappropriations
- C. Civil lawsuit
- D. Fraudulent statement
Answer: B
NEW QUESTION 102
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
- A. Small disbursements
- B. Simple disbursements
- C. Very small disbursements
- D. None of the above
Answer: A
Explanation:
Section: Investigation
NEW QUESTION 103
Which of the following is NOT the reason to bribe employees of the purchaser?
- A. To ensure bid-splitting
- B. To falsify the bid log
- C. To ensure receipt of a late bid
- D. To extend the bid opening date
Answer: A
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 104
CORRECT TEXT
A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.
Answer:
Explanation:
Pending
NEW QUESTION 105
The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.
- A. True
- B. False
Answer: A
NEW QUESTION 106
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ACFE CFE Certified Professional Salary
The average Salary of a Certified Fraud Examiners Salary in
- United States: 91,000 USD
- Europe: 81,718 Euro
- India: 1,00,000 to 6,00,000 INR
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