CFE PDF Dumps | Nov 11, 2024 Recently Updated Questions
CFE Exam Questions – Valid CFE Dumps Pdf
NEW QUESTION # 75
Which of the following factors is NOT included in most financial statement schemes?
- A. Improper asset valuations
- B. Fictitious revenues
- C. Persuasive Evidence
- D. Concealed liabilities and expenses
Answer: C
NEW QUESTION # 76
According to fraud tree, cash has three following schemes:
- A. Fraud analysis, skimming and cash misappropriations
- B. Skimming, cash larceny and fraudulent disbursements
- C. Cash larceny, cash distribution and fraudulent disbursements
- D. Cash distribution, skimming and fraud analysis
Answer: B
NEW QUESTION # 77
By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.
- A. None of all
- B. False debits
- C. Out-of-balance
- D. Journal Entries
Answer: C
NEW QUESTION # 78
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.
- A. Sale requisition
- B. Purchase requisition
- C. Voucher handling
- D. Cash generating
Answer: D
NEW QUESTION # 79
Which of the following are used in a short-term skimming scheme?
- A. Unrecorded sales, understated sales and dual endorsements
- B. Unrecorded sales, understated sales and theft of incoming checks
- C. Understated sales, theft of incoming checks and check-for-currency substitutions
- D. False company accounts, understated sales and theft of incoming checks
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 80
The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.
- A. True
- B. False
Answer: A
NEW QUESTION # 81
Conflict of interest cases are more easily prevented than detected.
- A. True
- B. False
Answer: A
NEW QUESTION # 82
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
- A. High-resolution sprays
- B. Watermark backers
- C. Chrome coloring
- D. Holographic safety inks
Answer: B
NEW QUESTION # 83
Which of the following is NOT standard of generally accepted accounting principles?
- A. Full disclosure
- B. Cost
- C. Quality control
- D. Conservatism
Answer: C
NEW QUESTION # 84
The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.
- A. False
- B. True
Answer: A
NEW QUESTION # 85
Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?
- A. Voided checks
- B. Payable checks
- C. Missing checks
- D. Duplicate checks
Answer: C
NEW QUESTION # 86
Which of the following factors is NOT included in most financial statement schemes?
- A. Improper asset valuations
- B. Fictitious revenues
- C. Persuasive Evidence
- D. Concealed liabilities and expenses
Answer: C
NEW QUESTION # 87
Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?
- A. Proper documentation, physical padding, independent checks and physical safeguards
- B. Proper documentation, segregation of duties, independent checks and inventory control
- C. Proper documentation, segregation of duties, independent checks and physical safeguards
- D. prenumbered affiliations, segregation of duties, independent checks and physical safeguards
Answer: C
NEW QUESTION # 88
_________ assumes the business will go on indefinitely in the future.
- A. Materiality
- B. Going concern
- C. Fair value
- D. Cost
Answer: B
NEW QUESTION # 89
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:
- A. Delude
- B. Beguile
- C. Mislead
- D. Deceive
Answer: A
NEW QUESTION # 90
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.
- A. False
- B. True
Answer: A
NEW QUESTION # 91
____________ is a summary of the account balances carried in a ledger.
- A. General journal
- B. Income statement
- C. Balance sheet
- D. Financial statement
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 92
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