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CFE Practice Questions

Question # 1

Most of the shell company schemes involve the purchase of goods rather than services.

A.

True

B.

False




Question # 2

In which approach, fraudsters produce whatever financial statements they wish, perhaps
using just a typewriter or a personal computer.

A.

Organized accounting

B.

Playing the accounting

C.

Beating accounting

D.

Outside accounting system 




Question # 3

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

A.

Journal Entries

B.

Debit

C.

Credit

D.

None of all 




Question # 4

A special scheme in which employees know their employer is seeking to purchase a certain
asset and take advantage of the situation by purchasing the asset themselves is:

A.

Conflict of interest in sale

B.

Turnaround sale or flip

C.

Unauthorized sale

D.

Written sale of unique assets




Question # 5

Bank cut-off statements should be requested for 10-15 days after the closing date of the
balance sheet.

A.

True

B.

False




Question # 6

Statistical sampling enables the examiner to predict the occurrence rate for the population
and therefore determine with some accuracy the error rate, or the potential for fraud. 

A.

True

B.

False




Question # 7

Physical tampering prevention is a check tampering technique that is used to secure
bankassisted controls.

A.

True

B.

False




Question # 8

The principal way to detect omitted credits from books of account is through:

A.

Forced Balance

B.

Trend analysis

C.

Expense account

D.

None of all




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ACFE CFE Exam Dumps

Exam Name: Certified Fraud Examiner
Certification Name: Certified Fraud Examiner

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  • Total Questions: 186
  • Last Updation Date: 28-Mar-2025

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