Free ACFE CFE Practice Exam with Questions & Answers | Set: 2

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

Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:

________ increase assets and expenses and/or decrease liabilities and/or equity

How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

Bid-rigging scheme occurs when:

Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.

Collusion or bid-rigging between bidders is called

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

According to Hollinger and Clark for Policy development, management must pay attention to:

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