ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes - CFE-Fraud-Schemes-and-Financial-Crimes Exam Practice Test
Which of the following statements is TRUE regarding the prevention of inventory theft?
Correct Answer: B
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Which of the following statements regarding financial statement disclosures is TRUE?
Correct Answer: D
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A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:
Correct Answer: D
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Fraud in financial statements generally takes the form of _______ assets or revenue and _______ liabilities and expenses.
Correct Answer: D
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Which of the following is NOT a measure that is commonly taken by fraudsters during account takeover schemes?
Correct Answer: D
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The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a willing seller is called:
Correct Answer: B
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____________ is a summary of the account balances carried in a ledger.
Correct Answer: C
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A company moves its headquarters to another jurisdiction to take advantage of a lower tax rate. The company is MOST LIKELY using which of the following options?
Correct Answer: B
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Which of the following is TRUE regarding accrual-basis accounting?
Correct Answer: A
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The prime targets for skimming schemes, which are hard to monitor and predict such as late fees and parking fees, are:
Correct Answer: C
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