ACFE CFE Dumps - The Sure Way To Pass Exam
CFE Exam Questions (Updated 2025) 100% Real Question Answers
ACFE CFE Exam Syllabus Topics:
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NEW QUESTION # 84
A __________ is a day-by-day, or chronological, record of transactions
- A. Ledger
- B. Journal
- C. Asset
- D. Checkbook
Answer: B
NEW QUESTION # 85
__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.
- A. Resource diversion
- B. Disclosure
- C. Turnaround sale or flip
- D. Conflict of interest
Answer: B
NEW QUESTION # 86
Larceny by Fraud or deception means that:
- A. Fails to disclose a known lien, adverse claim or other legal impediment
- B. Creates or reinforce a false impression
- C. Fails to correct a false impression
- D. All of the above
Answer: D
NEW QUESTION # 87
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?
- A. Competitive bidding
- B. Bid solicitation
- C. Bid-rigging
- D. Kickbacks
Answer: A
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 88
Which of the following are used in a short-term skimming scheme?
- A. False company accounts, understated sales and theft of incoming checks
- B. Unrecorded sales, understated sales and dual endorsements
- C. Unrecorded sales, understated sales and theft of incoming checks
- D. Understated sales, theft of incoming checks and check-for-currency substitutions
Answer: C
NEW QUESTION # 89
What is sometimes used to overcome well-designed internal controls of a victim company?
- A. Fraudulent invoices
- B. Rubber stamp supervisors
- C. Collusion
- D. Shell company
Answer: C
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 90
Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
- A. False
- B. True
Answer: B
NEW QUESTION # 91
Forced reconciliation of the account says:
- A. to conceal inventory is to alter shrinkage record so that it matches the physical inventory count.
- B. to conceal shrinkage is to change the perpetual inventory record so that it matches the physical inventory count.
- C. to conceal write-offs is to change the perpetual inventory record so that it matches the physical inventory count.
- D. to conceal shrinkage is to alter inventory record so that it matches the physical inventory count.
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 92
Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:
- A. All of the above
- B. Short-term skimming
- C. Concealing the fraud
- D. Converting stolen checks
Answer: B
NEW QUESTION # 93
The most common method of detection in corruption cases is:
- A. Internal audits
- B. Tips
- C. Internal controls
- D. By accident
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 94
Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.
- A. True
- B. False
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 95
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.
- A. Revenue and corresponding expenses
- B. Income statement and Long-term contracts
- C. Capitalized expenses and Liabilities
- D. Revenue and Income statement
Answer: A
NEW QUESTION # 96
Skimming cases can more likely to be detected by:
- A. Accidents
- B. Internal audits
- C. occupational frauds
- D. Internal controls
Answer: A
NEW QUESTION # 97
SIMULATION
The _______________ cost method of pricing would carry an asset's value on the financial statements as what it would currently cost, considering inflation.
Answer:
Explanation:
Price-level adjusted historical cost
NEW QUESTION # 98
Which of the following must be present for a fraud to exist?
- A. Reliance on the fast statement by the victim
- B. Knowledge that the statement was false when it was uttered
- C. All of the above
- D. A material false statement
Answer: C
NEW QUESTION # 99
The scheme in which the same vendor is receiving favorable treatment can be found in purchases by vendor searches.
- A. False
- B. True
Answer: B
NEW QUESTION # 100
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ACFE CFE Exam is a rigorous and challenging certification exam that requires extensive preparation and study. CFE exam is designed to test the skills and knowledge of professionals who have experience in the field of fraud investigation and prevention. The ACFE CFE certification is highly regarded in the industry and is recognized by organizations around the world as a mark of excellence in the field of fraud investigation and prevention. Certified Fraud Examiner certification demonstrates that an individual has the knowledge, skills, and abilities to effectively prevent, detect, and investigate fraud.
To be eligible for the ACFE CFE Exam, individuals must meet certain educational and professional requirements. These requirements include a bachelor's degree or equivalent, two years of professional experience in fraud examination or a related field, and adherence to the ACFE Code of Ethics. Once an individual has met these requirements and passed the exam, they become a Certified Fraud Examiner (CFE) and are recognized as experts in the field of fraud examination.
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