[Apr 21, 2022] CFE Sample with Accurate & Updated Questions [Q34-Q58]

NEW QUESTION 34
Undisclosed payments made by vendors to employees of purchasing companies are referred to as:

NEW QUESTION 35
Which of the following is NOT the reason to bribe employees of the purchaser?

NEW QUESTION 36
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

NEW QUESTION 37
The prime targets for skimming schemes which are hard to monitor and predict such as late fees and parking fees, are:

NEW QUESTION 38
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.

NEW QUESTION 39
Financial statement fraud is committed by:

NEW QUESTION 40
__________ may be defined as the offering, giving, receiving or soliciting anything of value to influence an official act.

NEW QUESTION 41
Which of the following search is used for unusually high incidence of returns and allowances scheme?

NEW QUESTION 42
________ decrease assets and expenses and/or increase liabilities and/or equity

NEW QUESTION 43
Entering a sales total lower than the amount actually paid by the customer is called:

NEW QUESTION 44
Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

NEW QUESTION 45
_________ revenues involve the recording sales of goods or services hat did not occur.

NEW QUESTION 46
Accounting records are designed to be kept on subjective rather than objective evidence.

NEW QUESTION 47
What is sometimes used to overcome well-designed internal controls of a victim company?

NEW QUESTION 48
Which of the following is NOT the phase of the bidding process?

NEW QUESTION 49
The seller’s price to the buyer is not fixed or determinable when:

NEW QUESTION 50
Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

NEW QUESTION 51
Which of the following is NOT the reason why senior management will overstate business statement?

NEW QUESTION 52
Which of the following is the amount of money that would be realized upon the sale of the asset at some point in the future, less the costs associated with owing, operating and selling it?

NEW QUESTION 53
_________ assumes the business will go on indefinitely in the future.

NEW QUESTION 54
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 55
Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that does not results from theft.

NEW QUESTION 56
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 57
Skimming cases can more likely to be detected by:

NEW QUESTION 58
Another way to eliminate competition in the solicitation phase of the selection process is to: