Free ACFE CFE Exam Dumps Questions & Answers

____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

• A.  False credit slip
• B.  False shipping slip
• C.  False packing slip
• D.  Fraudulent inventory slip

____________ is a summary of the account balances carried in a ledger.

• A.  General journal
• B.  Balance sheet
• C.  Financial statement
• D.  Income statement

The principal way to detect omitted credits from books of account is through:

• A.  Forced Balance
• B.  None of all
• C.  Trend analysis
• D.  Expense account

A running count that records how much inventory should be on hand is referred to:

• A.  Perpetual inventory
• B.  Fictitious inventory
• C.  Altered inventory
• D.  Shrinking inventory

The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

• A.  True
• B.  False