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ACFE Certified Fraud Examiner Sample Questions (Q89-Q94):
NEW QUESTION # 89
Which of the following search is used for unusually high incidence of returns and allowances scheme?
- A. Disposals of allowances than reorders
- B. None of the above
- C. Returns and allowances
- D. Allowances by vendors
Answer: C
NEW QUESTION # 90
Accounting records are designed to be kept on subjective rather than objective evidence.
- A. True
- B. False
Answer: B
NEW QUESTION # 91
A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.
- A. Financial disclosure
- B. Conflict of interest
- C. Illegal sale
- D. Unauthorized purchase
Answer: B
NEW QUESTION # 92
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.
- A. Bid-splitting
- B. Sealed bids
- C. Tailor specifications
- D. General purchasing
Answer: B
NEW QUESTION # 93
Fill in Blank
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.
Answer:
Explanation:
Statistical sampling
NEW QUESTION # 94
......
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