Free ACFE CFE Practice Exam with Questions & Answers

a file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.

a figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

a report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

a mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

Corruption

Diverting business to vendors

Bribery

Lacking approval authority

Fraudulent statement

Misappropriations

Conservatism

Matching

Fraudulent scheme

Disbursement scheme

Register scheme

Force inventory scheme

Larceny schemes

Asset requisition and transfer

Purchasing and receiving schemes

Sales & Equipment handling

Employee theft

Recorded sales

Internal audits

Occupational frauds

Journal Entries

Out-of-balance

False debits

None of all

Until installation and customer testing and acceptance has occurred.

A written order exists but contains a right of return.

Both A & B

Neither A nor B

Supplies

Expenses

Assets

Equity

Equity

Expense

Revenue

Income statement