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CFE Practice Questions

Question # 1

The most common method of detection in corruption cases is:

A.

Internal audits

B.

Internal controls

C.

Tips

D.

By accident



C.

Tips




Question # 2

A running count that records how much inventory should be on hand is referred to:

A.

Altered inventory

B.

Perpetual inventory

C.

Shrinking inventory

D.

Fictitious inventory



B.

Perpetual inventory




Question # 3

According to Marshall, ______ are probable future economic benefits obtained or
controlled by a particular entity as a result of past transactions or events.

A.

Assets

B.

Liabilities

C.

Credentials

D.

None of above



A.

Assets




Question # 4

False billing scheme states that:

A.

employees do not cause their company to purchase merchandise that the company
does not need.

B.

employees cause their company to sale merchandise that the company does not need.

C.

employees do not cause their company to sale merchandise that the company does not
need.

D.

employees cause their company to purchase merchandise that the company does not
need



D.

employees cause their company to purchase merchandise that the company does not
need




Question # 5

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

A.

Journal Entries

B.

Debit

C.

Credit

D.

None of all 



C.

Credit




Question # 6

In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

A.

Violation

B.

Isolation

C.

Rationalization

D.

None of the above



C.

Rationalization




Question # 7

When employee committing the fraud removes cash from the register and also the item
allegedly being returned is debited back into the inventory, this refers to:

A.

Registry destroying records

B.

Register false voids

C.

Fraudulent register occurrences

D.

Concealing register disbursement



D.

Concealing register disbursement




Question # 8

____________ corrupt employees can cause inventory to be fraudulently delivered to
themselves or accomplices.

A.

False shipping slip

B.

False packing slip

C.

Fraudulent inventory slip

D.

False credit slip



B.

False packing slip




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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: 16-Jan-2025

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