CFE-Financial-Transactions-and-Fraud-Schemes ACFE Exam Questions and Free Practice Test

Question 31

________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.
Solution:
Official act

Does this meet the goal?

A. Yes

B. No

Correct Answer:A

Question 32

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

Correct Answer:B

Question 33

What can make it easy for an employee to skim sales or receivables?

A. Revenue sources and recording procedures

B. Poor collection and recording procedures

C. Internal audits and recording procedures

D. Register manipulations and recording procedures

Correct Answer:B

Question 34

Physical tampering prevention is a check tampering technique that is used to secure bankassisted controls.

A. True

B. False

Correct Answer:B

Question 35

_____ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

A. Payable cash

B. Cash advances

C. counterfeit checks

D. Payable checks

Correct Answer:B

Question 36

Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.

A. True

B. False

Correct Answer:A

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