Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Practice Exam with Questions & Answers | Set: 3

_________ is defined as a person who works for the victim organization and who is primary culprit

___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.

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

__________ inventory and other assets is relatively common way for fraudsters to remove assets from the books before or after they are stolen.

The scheme in which the same vendor is receiving favorable treatment van be found in purchases by vendor searches.

_________ normally are carried on an organization’s books as expenses because they tend to be consumed by the organization within a year of purchase.

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

Which of the following is NOT the phase of the bidding process?

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

A journal in which all sales made on credit or cash are listed is: