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ACFE Certified Fraud Examiner Sample Questions (Q78-Q83):

NEW QUESTION # 78
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

  • A. At least two
  • B. More than two
  • C. None of above
  • D. One

Answer: D Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 79
People commit financial statement fraud to:

  • A. Stand outside the accounting system
  • B. Conceal false business performances
  • C. Maintain personal income
  • D. Preserve personal status/control

Answer: D
NEW QUESTION # 80
SIMULATION
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents. Answer: ** Explanation:
Statistical sampling
NEW QUESTION # 81**
Entering a sales total lower than the amount actually paid by the customer is called:

  • A. Recording a sale procedure
  • B. Underrings a sale
  • C. Internal sales audits
  • D. All of the above

Answer: B Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 82
Another way to eliminate competition in the solicitation phase of the selection process is to:

  • A. Solicit bid-splitting from fictitious vendors
  • B. Solicit transaction from fictitious vendors
  • C. None of the above
  • D. Solicit bid from fictitious suppliers

Answer: D Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 83
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