ACFE Certified Fraud examiner CFE Exam Practice Test

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

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

Accounting records are designed to be kept on subjective rather than objective evidence.

In which phase of competitive bidding process, fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

________ decrease assets and expenses and/or increase liabilities and/or equity

The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:

Which of the following is NOT the method for stealing inventory and other assets?