[Apr 11, 2022] Pass ACFE Certification CFE Exam With 190 Questions [Q68-Q91]

NEW QUESTION 68
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:

NEW QUESTION 69
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?

NEW QUESTION 70
The heart of book keeping system is the ___________.

NEW QUESTION 71
__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

NEW QUESTION 72
Which of the following is NOT the method for stealing inventory and other assets?

NEW QUESTION 73
A tangible asset is one which is:

NEW QUESTION 74
Which of the following method is NOT used to detect conflicts of interest?

NEW QUESTION 75
Which of the following are the classifications for the Corruption?

NEW QUESTION 76
A variation between the physical inventory and the perpetual inventory totals is called:

NEW QUESTION 77
The most common method for billing scheme is:

NEW QUESTION 78
SIMULATION
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.

NEW QUESTION 79
Undisclosed payments made by vendors to employees of purchasing companies are referred to as:

NEW QUESTION 80
Skimming cases can more likely to be detected by:

NEW QUESTION 81
“Anticipate possible losses and omit potential profits”, this results in:

NEW QUESTION 82
Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that does not results from theft.

NEW QUESTION 83
A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:

NEW QUESTION 84
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

NEW QUESTION 85
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

NEW QUESTION 86
Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.

NEW QUESTION 87
Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.

NEW QUESTION 88
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

NEW QUESTION 89
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:

NEW QUESTION 90
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

NEW QUESTION 91
What is sometimes used to overcome well-designed internal controls of a victim company?