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ACFE CFE - Certified Fraud Examiner

Page: 6 / 6
Total 186 questions

_________ revenues involve the recording sales of goods or services hat did not occur.

A.

Fictitious or fabricated revenues

B.

Financial revenues

C.

Red flag revenues

D.

Concealed revenues

Accounting records are designed to be kept on subjective rather than objective evidence.

A.

True

B.

False

Conflict of interest cases are more easily prevented than detected.

A.

True

B.

False

Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

A.

True

B.

False

_________ assumes the business will go on indefinitely in the future.

A.

Materiality

B.

Going concern

C.

Cost

D.

Fair value