Free ACFE CFE Exam Dumps Questions & Answers

Employees with the authority to grant discounts in order to skim revenues may use which authority?

• A.False discounts
• B.Internal discount sales audits
• C.Recording a discount on sale procedure
• D.None of the above

Which of the following is NOT the aspect of inventory purchase?

• A.might be some fraud scheme in inventory.
• B.inventory for the year 2 will be much greater than year 1.
• C.Inventory purchases purposely increase in year 1 only to be liquidated in year 2.
• D.Increase sales in year 2 are unexpected and purchase of inventory does not keep pace with the sales.

Entering a sales total lower than the amount actually paid by the customer is called:

• A.Underrings a sale
• B.Internal sales audits
• C.All of the above
• D.Recording a sale procedure

The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

• A.Bribery
• B.Overbilling
• C.Conflict of interest
• D.Corruption

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

• A.Two employees
• B.None of the above
• C.More then two employees
• D.Single employee