Free Practice ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions 2025

Stay ahead with 100% Free Certified Fraud Examiner - Financial Transactions and Fraud Schemes CFE-Financial-Transactions-and-Fraud-Schemes Dumps Practice Questions

Page: 1 / 38

Total 190 Questions | Updated On: Apr 10, 2025

Add To Cart

Question 1

Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

A : True

B : False

Answer: B

Question 2

Which of the following is NOT the reason to bribe employees of the purchaser?

A : To ensure receipt of a late bid

B : To extend the bid opening date

C : To ensure bid-splitting

D : To falsify the bid log

Answer: C

Question 3

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

A : Conflict of interest

B : Turnaround sale or flip

C : Disclosure

D : Resource diversion

Answer: C

Question 4

Bid-rigging scheme occurs when:

A : an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

B : an employee does not assist a vendor in winning a contract through the competitive bidding process.

C : an employee once assists a vendor in winning a contract through a single competitive bidding process.

Answer: A

Question 5

The principal way to detect omitted credits from books of account is through:

A : Forced Balance

B : Trend analysis

C : Expense account

D : None of all

Answer: B

Page: 1 / 38

Total 190 Questions | Updated On: Apr 10, 2025

Add To Cart