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ACFE CFE - Certified Fraud Examiner

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Total 186 questions

A tangible asset is one which is:

A.

capable of being perceived

B.

capable of being appraised

C.

Both A & B

D.

Neither A nor B

Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

A.

True

B.

False

A voucher is:

A.

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.

B.

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.

C.

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.

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.

Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

A.

Fraudulent scheme

B.

Disbursement scheme

C.

Register scheme

D.

Force inventory scheme

The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

A.

Employee theft

B.

Recorded sales

C.

Internal audits

D.

Occupational frauds

The essential elements of a ________ are an actual or constructive taking away of the goods or property of another with the without the consent and against the will of the owner and with a felonious intent.

A.

Larceny

B.

Abuse

C.

Fiduciary

D.

None of the above

In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or indicators of occupational fraud and abuse.

A.

81

B.

82

C.

83

D.

84

______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

Which of the following offender types in which people who take the money and run away?

A.

Absconders

B.

Long-term violators

C.

Offender types

D.

None of the above

Which of the following method is NOT used to detect conflicts of interest?

A.

Tips & Complaints

B.

Review of vendor ownership files

C.

Underbillings of assets

D.

Interviews with purchasing personnel