CFE PDF Dumps 2023 Exam Questions with Practice Test [Q96-Q110]

NEW QUESTION 96
Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

NEW QUESTION 97
Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that does not results from theft.

NEW QUESTION 98
Most of the shell company schemes involve the purchase of goods rather than services.

NEW QUESTION 99
By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

NEW QUESTION 100
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

NEW QUESTION 101
According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

NEW QUESTION 102
When employees avoid detection in a refund scheme to keep the sizes of the disbursement low, is referred to:

NEW QUESTION 103
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:

NEW QUESTION 104
Another way to eliminate competition in the solicitation phase of the selection process is to:

NEW QUESTION 105
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:

NEW QUESTION 106
According to fraud tree, cash has three following schemes:

NEW QUESTION 107
In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.

NEW QUESTION 108
_____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.

NEW QUESTION 109
In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

NEW QUESTION 110
When an incorrect total is carried from the journal to the ledger or from ledger to the financial statements, this method is called: