ACFE Exam Questions Instant Access - No Installation Required

Question 1

False billing scheme states that:

Aemployees do not cause their company to purchase merchandise that the company does not need.

Bemployees cause their company to sale merchandise that the company does not need.

Cemployees do not cause their company to sale merchandise that the company does not need.

Demployees cause their company to purchase merchandise that the company does not need

Answer : D

Question 2

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

ADeceive

BDelude

CMislead

DBeguile

Answer : B

Question 3

Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

AEquity

BBalance sheet

CExpense

DFinancial record

Answer : C

Question 4

Larceny by Fraud or deception means that:

ACreates or reinforce a false impression

BFails to correct a false impression

CFails to disclose a known lien, adverse claim or other legal impediment

DAll of the above

Answer : D

Question 5

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

ALarceny schemes

BAsset requisition and transfer

CPurchasing and receiving schemes

DSales & Equipment handling

Answer : D

Question 6

_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

AFraudulent statement

BCorruption

CAsset misappropriations

DNone of above

Answer : A

Question 7

In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and

AViolation

BIsolation

CRationalization

DNone of the above

Answer : C

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