[Oct 18, 2025] CFE Exam Dumps - ACFE Practice Test Questions
New Real CFE Exam Dumps Questions
NEW QUESTION # 74
The seller's price to the buyer is not fixed or determinable when:
- A. A service or membership fee is not subject predictable cancellation during the contract period.
- B. Payment terms are not extended for a substantial period.
- C. When the price is not contingent on some future events
- D. The transaction includes an option to exchange the product for others.
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 75
Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:
- A. Register scheme
- B. Force inventory scheme
- C. Fraudulent scheme
- D. Disbursement scheme
Answer: A
NEW QUESTION # 76
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
- A. Concealed check scheme
- B. Payable check scheme
- C. Legitimate check scheme
- D. Endorse check scheme
Answer: A
NEW QUESTION # 77
_________ normally are carried on an organization's books as expenses because they tend to be consumed by the organization within a year of purchase.
- A. Equity
- B. Assets
- C. Expenses
- D. Supplies
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
Explanation
NEW QUESTION # 78
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
- A. False
- B. True
Answer: B
NEW QUESTION # 79
Which of the following is NOT the example of bribery prevention policies?
- A. Discounts
- B. Business meetings
- C. Resource diversions
- D. Reporting gifts
Answer: C
NEW QUESTION # 80
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?
- A. Solicitation
- B. Need recognition
- C. False specification
- D. Submission
Answer: A
NEW QUESTION # 81
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:
- A. Asset receiving scheme
- B. Inventory larceny scheme
- C. Fraudulent purchase
- D. Falsify shipping
Answer: B
NEW QUESTION # 82
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
- A. Very small disbursements
- B. Simple disbursements
- C. Small disbursements
- D. None of the above
Answer: C
NEW QUESTION # 83
A running count that records how much inventory should be on hand is referred to:
- A. Fictitious inventory
- B. Perpetual inventory
- C. Shrinking inventory
- D. Altered inventory
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 84
According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
- A. Credentials
- B. Assets
- C. Liabilities
- D. None of above
Answer: B
NEW QUESTION # 85
A shell company scheme in which actual goods or services are sold to the victim company is known as:
- A. Distribution scheme
- B. Pass-through scheme
- C. Maintenance scheme
- D. Allocation scheme
Answer: B
NEW QUESTION # 86
A scheme is classified as a Conflict of interest:
- A. when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
- B. when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
- C. when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
- D. when a dealer must have some kind of dealership interest in the vendor submitting the stock.
Answer: C
NEW QUESTION # 87
The most basic skimming scheme occurs when:
- A. An employee buy goods or services from a stakeholder, drop the stakeholder's payment and makes record of the purchase too.
- B. An employee buy goods or services from a customer, drop the customer's payment, but makes no record of the purchase.
- C. An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
- D. An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 88
A __________ is a day-by-day, or chronological, record of transactions
- A. Asset
- B. Journal
- C. Checkbook
- D. Ledger
Answer: B
NEW QUESTION # 89
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?
- A. Solicitation
- B. Need recognition
- C. False specification
- D. Submission
Answer: A
NEW QUESTION # 90
Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.
- A. More then two employees
- B. None of the above
- C. Two employees
- D. Single employee
Answer: D
NEW QUESTION # 91
Fill in Blank
A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.
Answer:
Explanation:
Civil lawsuit
NEW QUESTION # 92
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?
- A. None of above
- B. At least two
- C. More than two
- D. One
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 93
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