ACFE CFE - Certified Fraud Examiner Exam

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Total 186 questions

Which of the following is NOT the type of billing scheme?

  • A. Invoicing via shell companies
  • B. Invoicing via non-accomplice companies
  • C. Invoicing via accomplice companies
  • D. Personal purchases with company funds


Answer : C

Which of the following is NOT the type of billing scheme?

  • A. Invoicing via shell companies
  • B. Invoicing via non-accomplice companies
  • C. Invoicing via accomplice companies
  • D. Personal purchases with company funds


Answer : C

A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:

  • A. Accomplice residence
  • B. Shell company
  • C. Perpetrator check
  • D. Cash generator


Answer : B

What can make it easy for an employee to skim sales or receivables?

  • A. Revenue sources and recording procedures
  • B. Poor collection and recording procedures
  • C. Internal audits and recording procedures
  • D. Register manipulations and recording procedures


Answer : B

Bid-rigging scheme occurs when:

  • A. an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.
  • B. an employee does not assist a vendor in winning a contract through the competitive bidding process.
  • C. an employee once assists a vendor in winning a contract through a single competitive bidding process.
  • D. an employee once assists a vendor in winning a contract through a single competitive bidding process.


Answer : A

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Total 186 questions