ACFE CFE Exam Practice Test Instant Access

Question 1

What is sometimes used to overcome well-designed internal controls of a victim company?

AShell company

BFraudulent invoices

CCollusion

DRubber stamp supervisors

Answer : C

Question 2

A scheme is classified as a Conflict of interest:

Awhen an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.

Bwhen a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.

Cwhen a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.

Dwhen a dealer must have some kind of dealership interest in the vendor submitting the stock.

Answer : A

Question 3

A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.

AConflict of interest

BIllegal sale

CUnauthorized purchase

DFinancial disclosure

Answer : A

Question 4

Which of the following is NOT the example of bribery prevention policies?

AReporting gifts

BDiscounts

CBusiness meetings

DResource diversions

Answer : D

Question 5

The behavior profile of employees who are involved in bribery schemes may include:

AGambling habit

BExtravagant lifestyle

CDrug and/or alcohol addiction

DAll of the above

Answer : D

Question 6

Collusion or bid-rigging between bidders is called

ABribery receipt

BBid solicitation

CTo withdraw low bids

DContract acceptance

Answer : D

Question 7

Which of the following is the criterion for bid solicitation?

AContaining false statements

BAllowing the purchaser to discuss possible employment with the contractor

CTo withdraw low bids

DTo falsify the bid log

Answer : B

ACFE Certified Fraud examiner Exam Practice Test