Online Access Free CFE Exam Questions

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

• A.Reliance billing
• B.Bogus claims
• C.Misappropriate claims
• D.Billing scheme

A typical issue involving material and fraud would be:

• A.Misappropriations
• B.Quality control
• C.Civil lawsuit
• D.Fraudulent statement

The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

• A.Internal audits
• B.Occupational frauds
• C.Employee theft
• D.Recorded sales

A journal in which all sales made on credit or cash are listed is:

• A.Accounts payable journal
• B.General journal
• C.Disbursement journal
• D.Accounts receivable journal

When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

• A.Financial record
• B.Expense
• C.Accrual basis accounting
• D.Equity