Get Apr-2023 Download Latest & Valid Questions For ACFE CFE exam
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The ACFE CFE (Certified Fraud Examiner) Certification Exam is a globally recognized certification program for professionals who specialize in detecting, preventing, and investigating fraud. The certification is offered by the Association of Certified Fraud Examiners (ACFE), which is the world's largest anti-fraud organization. The exam is designed to test the knowledge, skills, and abilities required to become a successful fraud examiner.
The ACFE CFE Certification Exam is highly regarded in the anti-fraud industry and provides individuals with a competitive edge in the job market. It is recognized by organizations such as the FBI, CIA, and SEC, and is often required by employers for positions in the anti-fraud field. In addition to providing credibility and recognition, the certification also provides professionals with access to a network of other certified fraud examiners and ongoing professional development opportunities.
The ACFE CFE (Certified Fraud Examiner) Certification Exam is a globally recognized certification exam that demonstrates an individual’s expertise in the field of fraud detection, investigation, and prevention. The certification is designed for professionals who work in the anti-fraud industry, such as fraud investigators, auditors, law enforcement officers, and lawyers.
NEW QUESTION # 22
The forms that allow noncash assets to be moved from one location in a company to another can be used to facilitate the misappropriation of those assets are called:
- A. Fake sales
- B. All of the above
- C. Inventory usages
- D. Asset requisition
Answer: D
NEW QUESTION # 23
The essential elements of a ________ are an actual or constructive taking away of the goods or property of another with the without the consent and against the will of the owner and with a felonious intent.
- A. Fiduciary
- B. Abuse
- C. None of the above
- D. Larceny
Answer: D
NEW QUESTION # 24
A special scheme in which employees know their employer is seeking to purchase a certain asset and take advantage of the situation by purchasing the asset themselves is:
- A. Written sale of unique assets
- B. Turnaround sale or flip
- C. Conflict of interest in sale
- D. Unauthorized sale
Answer: B
NEW QUESTION # 25
Which of the following is NOT standard of generally accepted accounting principles?
- A. Quality control
- B. Cost
- C. Full disclosure
- D. Conservatism
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 26
___________ and __________ are used to increase (or decrease) the equity account.
- A. Journal Entries & transactions
- B. Journal Entries & Credit
- C. Journal Entries & Debit
- D. None of all
Answer: A
NEW QUESTION # 27
The heart of book keeping system is the ___________.
- A. Liability
- B. Asset
- C. Checkbook
- D. Journal
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 28
When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.
- A. False
- B. True
Answer: A
NEW QUESTION # 29
SIMULATION
__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.
Answer:
Explanation:
Official act
NEW QUESTION # 30
Which sale occurs when the accomplice of the employee-fraudster "buys" merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?
- A. Whole sale
- B. Fraudster sale
- C. Preliminary sale
- D. Fake sale
Answer: D
NEW QUESTION # 31
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. False
- B. True
Answer: A
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 32
Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:
- A. Short-term skimming
- B. Converting stolen checks
- C. All of the above
- D. Concealing the fraud
Answer: A
NEW QUESTION # 33
The difference between assets and liabilities is called:
- A. Income statement
- B. Expense
- C. Revenue
- D. Equity
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 34
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
- A. Cut-off statements
- B. Check disbursement
- C. Bank confirmation
- D. Bank confirmation
Answer: C
NEW QUESTION # 35
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. False
- B. True
Answer: A
NEW QUESTION # 36
Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company's profits.
- A. False
- B. True
Answer: B
NEW QUESTION # 37
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
- A. Isolation
- B. Violation
- C. None of the above
- D. Rationalization
Answer: D
NEW QUESTION # 38
The fraudsters' interest lies with an employer other than a company.
- A. False
- B. True
Answer: A
NEW QUESTION # 39
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