ACFE Exam Practice Test Instant Access - No Installation Required

Question 1

A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:

AAccomplice residence

BShell company

CPerpetrator check

DCash generator

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

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 4

The most common method for billing scheme is:

ARegister

BTips

CAccident

DNone of the above

Answer : B

Question 5

Conflict of interest cases are more easily prevented than detected.

ATrue

BFalse

Answer : A

Question 6

Another way to eliminate competition in the solicitation phase of the selection process is to:

ASolicit bid from fictitious suppliers

BSolicit transaction from fictitious vendors

CSolicit bid-splitting from fictitious vendors

DNone of the above

Answer : A

Question 7

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

ABid opening

BFictitious Bidding

CBid pooling

DBid log

Answer : C

ACFE Certified Fraud examiner Exam Practice Test