Free ACFE CFE Practice Exam with Questions & Answers | Set: 4

A running count that records how much inventory should be on hand is referred to:

When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

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

Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.

According to fraud tree, cash has three following schemes:

Which of the following is NOT the aspect of inventory purchase?

Employees with the authority to grant discounts in order to skim revenues may use which authority?

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as: