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CFE Practice Questions

Question # 1

Which of the following must be present for a fraud to exist?

A.

material false statement

B.

Knowledge that the statement was false when it was uttered

C.

Reliance on the fast statement by the victim

D.

All of the above



D.

All of the above




Question # 2

People commit financial statement fraud to:

A.

Conceal false business performances

B.

Preserve personal status/control

C.

Maintain personal income

D.

Stand outside the accounting system



B.

Preserve personal status/control




Question # 3

Skimming cases can more likely to be detected by:

A.

Internal audits

B.

Accidents

C.

Internal controls

D.

occupational frauds



B.

Accidents




Question # 4

The scheme in which the same vendor is receiving favorable treatment van be found in
purchases by vendor searches.

A.

True

B.

False



A.

True




Question # 5

Which of the four basic measures, if properly installed and implemented may help prevent
inventory fraud?

A.

Proper documentation, segregation of duties, independent checks and physical
safeguards

B.

Proper documentation, segregation of duties, independent checks and inventory control

C.

Proper documentation, physical padding, independent checks and physical safeguards

D.

prenumbered affiliations, segregation of duties, independent checks and physical
safeguards



A.

Proper documentation, segregation of duties, independent checks and physical
safeguards




Question # 6

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

A.

True

B.

False



B.

False




Question # 7

Perceived certainty of detection is directly related to employee theft for respondents in all
industry sectors, that is the stronger the perception that theft would be detected, the more
the likelihood that the employee would engage in deviant behavior.

A.

True

B.

False



B.

False




Question # 8

_____________ involves purposeful misreporting of financial information about the
organization that is intended to mislead those who read it.

A.

Fraudulent statement

B.

Asset misappropriations



A.

Fraudulent statement




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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: 22-Nov-2024

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