[Q98-Q116] Attested CFE Dumps PDF Resource [2022]

ExamBoosts March 9, 2022 CFE > ACFE 0

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Attested CFE Dumps PDF Resource [2022]

Latest CFE Actual Free Exam Questions Updated 190 Questions

NEW QUESTION 98
According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

Assets

Liabilities

Credentials

None of above

Section: Financial Transactions and Fraud Schemes
Explanation/Reference:

NEW QUESTION 99
In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

Violation

Isolation

Rationalization

None of the above

NEW QUESTION 100
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.

Bid-splitting

Sealed bids

General purchasing

Tailor specifications

NEW QUESTION 101
Which of the following can constitute a bribe, even if the illicit payment is never actually made?

Offering a payment

Corruption in payment

kickback payment

Overbilling in payment

NEW QUESTION 102
The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

True

False

Section: Fraud Prevention and Deterrence

NEW QUESTION 103
Which of the following factors is NOT included in most financial statement schemes?

Fictitious revenues

Persuasive Evidence

Concealed liabilities and expenses

Improper asset valuations

Section: Financial Transactions and Fraud Schemes

NEW QUESTION 104
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

Revenue sources

Recorded sales

Internal audits

NEW QUESTION 105
Another way to eliminate competition in the solicitation phase of the selection process is to:

Solicit bid from fictitious suppliers

Solicit transaction from fictitious vendors

Solicit bid-splitting from fictitious vendors

None of the above

Section: Fraud Prevention and Deterrence

NEW QUESTION 106
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

Deceive

Delude

Mislead

Beguile

NEW QUESTION 107
When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

Equity

Accrual basis accounting

Expense

Financial record

NEW QUESTION 108
According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

Revenue and corresponding expenses

Revenue and Income statement

Income statement and Long-term contracts

Capitalized expenses and Liabilities

Section: Financial Transactions and Fraud Schemes

NEW QUESTION 109
__________ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.

Corruption

Diverting business to vendors

Bribery

Lacking approval authority

NEW QUESTION 110
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

True

False

NEW QUESTION 111
Which of the following are used in a short term skimming scheme?

Unrecorded sales, understated sales and theft of incoming checks

Unrecorded sales, understated sales and dual endorsements

False company accounts, understated sales and theft of incoming checks

Understated sales, theft of incoming checks and check-for-currency substitutions

NEW QUESTION 112
Which of the following is NOT the reason to bribe employees of the purchaser?

To ensure receipt of a late bid

To extend the bid opening date

To ensure bid-splitting

To falsify the bid log

Section: Fraud Prevention and Deterrence
Explanation/Reference:

NEW QUESTION 113
Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.

True

False

NEW QUESTION 114
By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

Fraudulent statement

Misappropriations

Conservatism

Matching

NEW QUESTION 115
In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.

Organized accounting

Playing the accounting

Beating accounting

Outside accounting system

NEW QUESTION 116
The principle behind full disclosure is:

Any material deviation from GAAP must be explained to the reader of the financial information.

Any material deviation from SAS must be explained to the writer oh the financial information.

Any material deviation from GAAP must be explained to writer of the financial information.

None of above

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