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Free ACFE CFE Practice Exam with Questions & Answers | Set: 6

Questions 51

Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

Options:
A.

Organized accounting

B.

Playing the accounting

C.

beating accounting

D.

All of the above

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Questions 52

Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that does not results from theft.

Options:
A.

True

B.

False

Questions 53

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

Options:
A.

Proper documentation, segregation of duties, independent checks and physical safeguards

B.

Proper documentation, segregation of duties, independent checks and inventory control

C.

Proper documentation, physical padding, independent checks and physical safeguards

D.

prenumbered affiliations, segregation of duties, independent checks and physical safeguards

Questions 54

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

Options:
A.

Bid opening

B.

Fictitious Bidding

C.

Bid pooling

D.

Bid log

Questions 55

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

Options:
A.

Payable cash

B.

Cash advances

C.

counterfeit checks

D.

Payable checks

Exam Code: CFE
Certification Provider: ACFE
Exam Name: Certified Fraud Examiner
Last Update: Jul 17, 2025
Questions: 186

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