2026 DumpsMaterials ACFE CFE Dumps and Exam Test Engine
ACFE CFE DUMPS WITH REAL EXAM QUESTIONS
NEW QUESTION # 91
Which of the following is NOT the phase of the bidding process?
- A. Presolicitation
- B. Postsolicitation
- C. Solicitation
- D. Submission
Answer: B
NEW QUESTION # 92
________ increase assets and expenses and/or decrease liabilities and/or equity
- A. Credit
- B. Journal Entries
- C. Debit
- D. None of all
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 93
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. False
- B. True
Answer: A
NEW QUESTION # 94
According to fraud tree, cash has three following schemes:
- A. Cash distribution, skimming and fraud analysis
- B. Cash larceny, cash distribution and fraudulent disbursements
- C. Fraud analysis, skimming and cash misappropriations
- D. Skimming, cash larceny and fraudulent disbursements
Answer: D
NEW QUESTION # 95
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 # 96
The seller's price to the buyer is not fixed or determinable when:
- A. The transaction includes an option to exchange the product for others.
- B. Payment terms are not extended for a substantial period.
- C. A service or membership fee is not subject predictable cancellation during the contract period.
- D. When the price is not contingent on some future events
Answer: A
NEW QUESTION # 97
Another way to eliminate competition in the solicitation phase of the selection process is to:
- A. Solicit bid from fictitious suppliers
- B. Solicit bid-splitting from fictitious vendors
- C. None of the above
- D. Solicit transaction from fictitious vendors
Answer: A
NEW QUESTION # 98
In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or indicators of occupational fraud and abuse.
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION # 99
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. Income statement and Long-term contracts
- B. Capitalized expenses and Liabilities
- C. Revenue and Income statement
- D. Revenue and corresponding expenses
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 100
When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:
- A. Accrual basis accounting
- B. Equity
- C. Expense
- D. Financial record
Answer: A
NEW QUESTION # 101
Which of the following are used in a short-term skimming scheme?
- A. Understated sales, theft of incoming checks and check-for-currency substitutions
- B. False company accounts, understated sales and theft of incoming checks
- C. Unrecorded sales, understated sales and theft of incoming checks
- D. Unrecorded sales, understated sales and dual endorsements
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 102
Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company's profits.
- A. True
- B. False
Answer: A
NEW QUESTION # 103
The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:
- A. Billing scheme
- B. Misappropriate claims
- C. Reliance billing
- D. Bogus claims
Answer: D
NEW QUESTION # 104
Financial statement fraud is committed by:
- A. Senior Management
- B. Organized criminals
- C. All of the above
- D. Mid and lower level employees
Answer: C
NEW QUESTION # 105
Asset misappropriations have an effect on the liabilities and do also have an indirect effect on the equity account.
- A. False
- B. True
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 106
__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.
- A. Conflict of interest
- B. Resource diversion
- C. Turnaround sale or flip
- D. Disclosure
Answer: D
NEW QUESTION # 107
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:
- A. Accruals
- B. Depreciations
- C. Expenses
- D. Financial record
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 108
A running count that records how much inventory should be on hand is referred to:
- A. Fictitious inventory
- B. Altered inventory
- C. Perpetual inventory
- D. Shrinking inventory
Answer: C
NEW QUESTION # 109
Which of the following is NOT the reason to bribe employees of the purchaser?
- A. To extend the bid opening date
- B. To ensure bid-splitting
- C. To falsify the bid log
- D. To ensure receipt of a late bid
Answer: B
NEW QUESTION # 110
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called:
- A. False balance
- B. Out-of-balance
- C. Forced Balance
- D. None of all
Answer: C
NEW QUESTION # 111
Assets that are long-lived and that differ from property, plant and equipment hat has been purchased outright or acquired under a capital lease are:
- A. Forced Assets
- B. Tangible Assets
- C. Intangible Assets
- D. None of above
Answer: C
NEW QUESTION # 112
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