ACFE CFE Actual Free Exam Questions & Community Discussion
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.
Correct Answer: C
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Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
Correct Answer: A
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When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
Correct Answer: A
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Which of the following are used in a short term skimming scheme?
Correct Answer: A
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Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.
Correct Answer: A
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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.
Correct Answer: D
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Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
Correct Answer: A
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Which of the following is NOT the method for stealing inventory and other assets?
Correct Answer: C
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Which of the following search is used for unusually high incidence of returns and allowances scheme?
Correct Answer: A
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