ACFE CFE Actual Free Exam Questions & Community Discussion
Inventory shrinkage is the unaccounted-for reduction in the company's inventory that does not results from theft.
Correct Answer: B
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What is sometimes used to overcome well-designed internal controls of a victim company?
Correct Answer: D
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A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.
Correct Answer: A
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How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?
Correct Answer: B
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Which of the following is NOT standard of generally accepted accounting principles?
Correct Answer: B
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Which of the following is NOT the reason to bribe employees of the purchaser?
Correct Answer: A
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The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:
Correct Answer: A
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When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.
Correct Answer: B
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