ACFE New 2026 CFE Test Tutorial (Updated 163 Questions)
CFE Exam Questions Dumps, Selling ACFE Products
NEW QUESTION # 96
_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.
- A. Fraudulent statement
- B. Asset misappropriations
- C. Corruption
- D. None of above
Answer: A
NEW QUESTION # 97
What is sometimes used to overcome well-designed internal controls of a victim company?
- A. Rubber stamp supervisors
- B. Shell company
- C. Fraudulent invoices
- D. Collusion
Answer: D
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 98
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:
- A. Small disbursements
- B. Very small disbursements
- C. Simple disbursements
- D. None of the above
Answer: A
NEW QUESTION # 99
Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.
- A. True
- B. False
Answer: B
NEW QUESTION # 100
The difference between assets and liabilities is called:
- A. Revenue
- B. Income statement
- C. Expense
- D. Equity
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
Explanation
NEW QUESTION # 101
How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?
- A. One
- B. More than two
- C. At least two
- D. None of above
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 102
Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.
- A. False
- B. True
Answer: B
NEW QUESTION # 103
___________ and __________ are used to increase (or decrease) the equity account.
- A. Journal Entries & Credit
- B. Journal Entries & transactions
- C. Journal Entries & Debit
- D. None of all
Answer: B
NEW QUESTION # 104
CORRECT TEXT
_________ is defined as a person who works for the victim organization and who is primary culprit
Answer:
Explanation:
Pending
NEW QUESTION # 105
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:
- A. Microline numbering
- B. Holographic safety border
- C. Embossed pearlescent numbering
- D. None of the above
Answer: B
NEW QUESTION # 106
One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.
- A. True
- B. False
Answer: B
NEW QUESTION # 107
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. Endorse check scheme
- B. Concealed check scheme
- C. Payable check scheme
- D. Legitimate check scheme
Answer: B
NEW QUESTION # 108
Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:
- A. Concealing the fraud
- B. Converting stolen checks
- C. All of the above
- D. Short-term skimming
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 109
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. Intangible Assets
- B. None of above
- C. Tangible Assets
- D. Forced Assets
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 110
One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.
- A. False
- B. True
Answer: B
NEW QUESTION # 111
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