[Dec-2024 Newly Released] Pass CFE Exam – Real Questions & Answers [Q16-Q33]

NO.16 ____________ is a summary of the account balances carried in a ledger.

NO.17 In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.

NO.18 ________ decrease assets and expenses and/or increase liabilities and/or equity

NO.19 Which of the following can constitute a bribe, even if the illicit payment is never actually made?

NO.20 The seller’s price to the buyer is not fixed or determinable when:

NO.21 When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:

NO.22 If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

NO.23 According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

NO.24 The principal way to detect omitted credits from books of account is through:

NO.25 Asset misappropriation schemes were the “middle children” of the study; they were more common than fraudulent statements and more costly than corruption.

NO.26 Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

NO.27 _________ revenues involve the recording sales of goods or services hat did not occur.

NO.28 By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.

NO.29 ________ decrease assets and expenses and/or increase liabilities and/or equity

NO.30 According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

NO.31 Which of the following can constitute a bribe, even if the illicit payment is never actually made?

NO.32 Which of the following are the classifications for the Corruption?

NO.33 By removing a tangible asset from the business (a debit), the books will be ___________ by the exact amount of the tangible asset misappropriated.