ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Practice Test Instant Access

Question 1

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

ATrue

BFalse

Answer : B

Question 2

A voucher is:

Aa 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.

Ba 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.

Ca 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.

Da 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.

Answer : A

Question 3

In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

ASale requisition

BPurchase requisition

CVoucher handling

DCash generating

Answer : D

Question 4

Which of the following is NOT the type of billing scheme?

AInvoicing via shell companies

BInvoicing via non-accomplice companies

CInvoicing via accomplice companies

DPersonal purchases with company funds

Answer : C

Question 5