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Pass the ACFE Certified Fraud Examiner CFE Questions and answers with ExamsMirror

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Questions # 51:

Inventory shrinkage is the unaccounted-for reduction in the company’s inventory that does not results from theft.

Options:

A.

True

B.

False

Questions # 52:

A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:

Options:

A.

Microline numbering

B.

Holographic safety border

C.

Embossed pearlescent numbering

D.

None of the above

Questions # 53:

Which check tampering red flag may indicate employees have embezzled cash and charged the embezzlement to expense accounts?

Options:

A.

Voided checks

B.

Payable checks

C.

Missing checks

D.

Duplicate checks

Questions # 54:

Which of the following search is used for unusually high incidence of returns and allowances scheme?

Options:

A.

Allowances by vendors

B.

Disposals of allowances than reorders

C.

Returns and allowances

D.

None of the above

Questions # 55:

How many accounts are affected in fraudulent accounting entries and therefore same number of categories on the financial statement?

Options:

A.

One

B.

At least two

C.

More than two

D.

None of above

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