This page was exported from Free valid test braindumps [ http://free.validbraindumps.com ] Export date:Sat Apr 5 1:32:24 2025 / +0000 GMT ___________________________________________________ Title: [Q87-Q102] Updated Aug-2022 Test Engine to Practice Test for CFE Exam Questions and Answers! --------------------------------------------------- Updated Aug-2022 Test Engine to Practice Test for CFE Exam Questions and Answers! Certified Fraud Examiner Certification Sample Questions and Practice Exam QUESTION 87By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.  Journal Entries  Out-of-balance  False debits  None of all Section: Financial Transactions and Fraud SchemesQUESTION 88In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.  Deliberate writing of vague specifications  Need recognition  False specification  Bid-splitting QUESTION 89__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.  Altered  Perpetual  False shipping slip  Write-offs QUESTION 90A voucher is:  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.  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.  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.  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. Section: Fraud Prevention and DeterrenceQUESTION 91Which of the following is NOT the reason why senior management will overstate business statement?  Comply with debit covenants  Meet personal performance criteria  Trigger performance related compensation  Show a pattern of growth to support sale of a business QUESTION 92Skimming cases can more likely to be detected by:  Internal audits  Accidents  Internal controls  occupational frauds QUESTION 93A voucher is:  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.  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.  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.  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. QUESTION 94Employees with the authority to grant discounts in order to skim revenues may use which authority?  False discounts  Recording a discount on sale procedure  Internal discount sales audits  None of the above Section: Financial Transactions and Fraud SchemesQUESTION 95When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:  Forced Balance  Out-of-balance  False balance  None of all Section: Financial Transactions and Fraud SchemesQUESTION 96The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.  Employee theft  Recorded sales  Internal audits  Occupational frauds Section: Financial Transactions and Fraud SchemesQUESTION 97Skimming is:  The removal of cash from a victim entity prior to its entry in an accounting system.  The addition of cash from a victim entity prior to its entry in an accounting system.  The removal of cash from a victim entity after its entry in an accounting system.  None of above QUESTION 98When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:  Equity  Accrual basis accounting  Expense  Financial record QUESTION 99Which of the following is NOT the method for stealing inventory and other assets?  Larceny schemes  Asset requisition and transfer  Purchasing and receiving schemes  Sales & Equipment handling QUESTION 100Which of the following is NOT the aspect of inventory purchase?  Inventory purchases purposely increase in year 1 only to be liquidated in year 2.  inventory for the year 2 will be much greater than year 1.  Increase sales in year 2 are unexpected and purchase of inventory does not keep pace with the sales.  might be some fraud scheme in inventory. QUESTION 101Which 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?  Whole sale  Fake sale  Fraudster sale  Preliminary sale QUESTION 102A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:  Accomplice residence  Shell company  Perpetrator check  Cash generator Section: Fraud Prevention and DeterrenceExplanation Loading … Certification dumps ACFE Certification CFE guides - 100% valid: https://www.validbraindumps.com/CFE-exam-prep.html --------------------------------------------------- Images: https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2022-08-12 10:45:17 Post date GMT: 2022-08-12 10:45:17 Post modified date: 2022-08-12 10:45:17 Post modified date GMT: 2022-08-12 10:45:17