Free ACFE CFE Exam Dumps Questions & Answers

When employees avoid detection in a refund scheme to keep the sizes of the disbursement law, is referred to:

• A.Very small disbursements
• B.Small disbursements
• C.Simple disbursements
• D.None of the above

______________ can be detected by closely examining the documentation submitted with the cash receipts.

• A.Approved transaction
• B.Voided purchases
• C.None of the above
• D.Fictitious refunds

Which of the following search is used for unusually high incidence of returns and allowances scheme?

• A.Returns and allowances
• B.Allowances by vendors
• C.Disposals of allowances than reorders
• D.None of the above

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

Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

• A.Duplicate checks
• B.Missing checks
• C.Voided checks
• D.Payable checks