Online Access Free CFE Exam Questions

According to SAB 104, for the revenue to be typically considered realized or realizable and earned, which of the following criteria is NOT met:

• A.Collectability is reasonably assured
• B.Services has been rendered
• C.Timings have been met
• D.Persuasive evidence of an arrangement exists

Fill in Blank
A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

Which of the following can constitute a bribe, even if the illicit payment is never actually made?

• A.Overbilling in payment
• B.Offering a payment
• C.Corruption in payment
• D.kickback payment

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

• A.Voucher handling
• B.Cash generating
• C.Purchase requisition
• D.Sale requisition

Employees with the authority to grant discounts in order to skim revenues may use which authority?

• A.False discounts
• B.Internal discount sales audits
• C.Recording a discount on sale procedure
• D.None of the above