[Jan 31, 2023] CFE Dumps PDF and Test Engine Exam Questions - TrainingDump
Verified CFE exam dumps Q&As with Correct 190 Questions and Answers
NEW QUESTION 57
Undisclosed payments made by vendors to employees of purchasing companies are referred to as:
- A. Kickbacks
- B. None of the above
- C. Presolicitaion
- D. Bid-rigging
Answer: A
NEW QUESTION 58
In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.
- A. Outside accounting system
- B. Beating accounting
- C. Organized accounting
- D. Playing the accounting
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION 59
The seller's price to the buyer is not fixed or determinable when:
- A. A service or membership fee is not subject predictable cancellation during the contract period.
- B. Payment terms are not extended for a substantial period.
- C. The transaction includes an option to exchange the product for others.
- D. When the price is not contingent on some future events
Answer: C
NEW QUESTION 60
Which of the following method is NOT used to detect conflicts of interest?
- A. Review of vendor ownership files
- B. Underbillings of assets
- C. Tips & Complaints
- D. Interviews with purchasing personnel
Answer: B
NEW QUESTION 61
___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.
- A. Income statement
- B. Balance sheet
- C. Equity
- D. Financial record
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION 62
______________ can be detected by closely examining the documentation submitted with the cash receipts.
- A. Voided purchases
- B. Approved transaction
- C. Fictitious refunds
- D. None of the above
Answer: C
NEW QUESTION 63
Employees with the authority to grant discounts in order to skim revenues may use which authority?
- A. Internal discount sales audits
- B. False discounts
- C. None of the above
- D. Recording a discount on sale procedure
Answer: B
NEW QUESTION 64
____________ is a process by which a bookkeeper records all transactions and can adjust the books.
- A. Journal Entries
- B. Financial statement
- C. None of all
- D. Accounting Cycle
Answer: A
NEW QUESTION 65
A shell company scheme in which actual goods or services are sold to the victim company is known as:
- A. Pass-through scheme
- B. Maintenance scheme
- C. Allocation scheme
- D. Distribution scheme
Answer: A
NEW QUESTION 66
CORRECT TEXT
__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.
Answer:
Explanation:
Pending
NEW QUESTION 67
Which of the following offender types in which people who take the money and run away?
- A. Offender types
- B. Absconders
- C. Long-term violators
- D. None of the above
Answer: B
NEW QUESTION 68
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
- A. False balance
- B. Out-of-balance
- C. None of all
- D. Forced Balance
Answer: D
NEW QUESTION 69
Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:
- A. Larceny scheme
- B. Fraudulent statement scheme
- C. Register disbursement scheme
- D. Asset misappropriation scheme
Answer: C
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 70
A voucher is:
- A. a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.
- B. a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.
- C. a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.
- D. a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION 71
False billing scheme states that:
- A. employees do not cause their company to sale merchandise that the company does not need.
- B. employees do not cause their company to purchase merchandise that the company does not need.
- C. employees cause their company to sale merchandise that the company does not need.
- D. employees cause their company to purchase merchandise that the company does not need
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
Explanation
NEW QUESTION 72
Which of the following method is NOT used to detect conflicts of interest?
- A. Review of vendor ownership files
- B. Underbillings of assets
- C. Tips & Complaints
- D. Interviews with purchasing personnel
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
Explanation/Reference:
NEW QUESTION 73
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