Give Push to your Success with ACFE Certification CFE Exam Questions [Q98-Q118]

NO.98 According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

NO.99 _________ assumes the business will go on indefinitely in the future.

NO.100 Which counts sometimes can give rise to inventory theft detection?

NO.101 When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

NO.102 When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

NO.103 Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

NO.104 The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

NO.105 Which of the following is NOT the example of bribery prevention policies?

NO.106 Which of the following is NOT the reason why senior management will overstate business statement?

NO.107 When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

NO.108 Revenue is recognized when it is:

NO.109 The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

NO.110 Forced reconciliation of the account says:

NO.111 The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.

NO.112 ________ increase assets and expenses and/or decrease liabilities and/or equity

NO.113 Which of the following is the criterion for bid solicitation?

NO.114 Physical assets including _________ and ________ are the most commonly misappropriated noncash asset in our study.

NO.115 Which of the following is NOT the method for stealing inventory and other assets?

NO.116 One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.

NO.117 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.

NO.118 By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.