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ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. 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
2. In Cressey's fraud triangle, its three legs are Opportunity, Pressure, and:
A) Rationalization
B) Isolation
C) Violation
D) None of the above
3. Which of the following measures would be MOST EFFECTIVE in preventing a skimming scheme?
A) Reviewing the amount of time between when cash is initially received and deposited
B) Separating the duties of collecting cash and accessing the accounts receivable journal
C) Implementing regular rotation of employee job responsibilities
D) Comparing sales records to the amount of cash that is received
4. Which of the following signs is MOST LIKELY to indicate that a third-party vendor or contractor is engaging in a corruption scheme?
A) The third party charges lower-than-average prices for the goods and services it offers to customers.
B) The third party is consistently awarded contracts based on a reputation for providing higher quality services than its competitors.
C) The third party provides contact information that contains a single address and a telephone number.
D) The third party requests that payment be sent to a different country from where it conducts business.
5. Which of the following statements is TRUE regarding an analytical review of financial statements in relation to inventory theft?
A) If the change in cost of goods sold is significantly higher than the change in sales, it might indicate inventory theft.
B) It is not likely that an analytical review of financial statements would help uncover instances of inventory theft.
C) Any significant percentage change in the cost of goods sold indicates inventory theft, regardless of the change in sales.
D) If sales and cost of goods sold both remain unchanged, it might indicate that inventory theft has occurred.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |



