ACFE Certified Fraud Examiner - CFE Exam Practice Test
Question 1
Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's side of the transaction who is not making an illicit payment.
Correct Answer: B
Question 2
Which of the following can constitute a bribe, even if the illicit payment is never actually made?
Correct Answer: A
Question 3
Entering a sales total lower than the amount actually paid by the customer is called:
Correct Answer: A
Question 4
_________ revenues involve the recording sales of goods or services hat did not occur.
Correct Answer: B
Question 5
Bid-rigging scheme occurs when:
Correct Answer: C
Question 6
__________ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.
Correct Answer: D
Question 7
According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:
Correct Answer: C
Question 8
In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.
Correct Answer: D
Question 9
Which counts sometimes can give rise to inventory theft detection?
Correct Answer: D
Question 10
The most common method of detection in corruption cases is:
Correct Answer: B
Question 11
A variation between the physical inventory and the perpetual inventory totals is called:
Correct Answer: B
Question 12
The principle behind full disclosure is:
Correct Answer: A
Question 13
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.
Correct Answer: A
Question 14
The principal way to detect omitted credits from books of account is through:
Correct Answer: C
Question 15
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:
Correct Answer: C
