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Certified Fraud Examiner

Last Update 17 hours ago Total Questions : 186

The Certified Fraud Examiner content is now fully updated, with all current exam questions added 17 hours ago. Deciding to include CFE practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our CFE exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these CFE sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Certified Fraud Examiner practice test comfortably within the allotted time.

Question # 41

Which of the following is NOT the reason why senior management will overstate business statement?

A.

Comply with debit covenants

B.

Meet personal performance criteria

C.

Trigger performance related compensation

D.

Show a pattern of growth to support sale of a business

Question # 42

When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

A.

Equity

B.

Accrual basis accounting

C.

Expense

D.

Financial record

Question # 43

Which of the following are the classifications for the Corruption?

A.

Bribery, economic extortion, illegal gratuities and conflicts of interest

B.

Corruption, bribery, economic extortion, conflicts of interest

C.

Overbilling, bribery, bid-ridding and illegal gratuities

D.

economic extortion, bribery, illegal gratuities and corruption

Question # 44

The most common method for billing scheme is:

A.

Register

B.

Tips

C.

Accident

D.

None of the above

Question # 45

____________ is a process by which a bookkeeper records all transactions and can adjust the books.

A.

Journal Entries

B.

Accounting Cycle

C.

Financial statement

D.

None of all

Question # 46

____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

A.

False shipping slip

B.

False packing slip

C.

Fraudulent inventory slip

D.

False credit slip

Question # 47

Most of the shell company schemes involve the purchase of goods rather than services.

A.

True

B.

False

Question # 48

What is sometimes used to overcome well-designed internal controls of a victim company?

A.

Shell company

B.

Fraudulent invoices

C.

Collusion

D.

Rubber stamp supervisors

Question # 49

People commit financial statement fraud to:

A.

Conceal false business performances

B.

Preserve personal status/control

C.

Maintain personal income

D.

Stand outside the accounting system

Question # 50

The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

A.

Revenue sources

B.

Recorded sales

C.

Internal audits

D.

Register manipulations

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