[2026] New CFE exam dumps Use Updated ACFE Exam
Verified CFE Dumps Q&As - CFE Test Engine with Correct Answers
NEW QUESTION # 60
Which of the following can constitute a bribe, even if the illicit payment is never actually made?
- A. kickback payment
- B. Offering a payment
- C. Corruption in payment
- D. Overbilling in payment
Answer: B
NEW QUESTION # 61
Which of the following are the classifications for the Corruption?
- A. Overbilling, bribery, bid-ridding and illegal gratuities
- B. Corruption, bribery, economic extortion, conflicts of interest
- C. economic extortion, bribery, illegal gratuities and corruption
- D. Bribery, economic extortion, illegal gratuities and conflicts of interest
Answer: D
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 62
The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.
- A. False
- B. True
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 63
A typical issue involving material and fraud would be:
- A. Misappropriations
- B. Quality control
- C. Civil lawsuit
- D. Fraudulent statement
Answer: A
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 64
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
- A. Holographic safety inks
- B. High-resolution sprays
- C. Watermark backers
- D. Chrome coloring
Answer: C
NEW QUESTION # 65
One final means of concealing a register scheme, as with many kinds of fraud, is to destroy all records of the transaction.
- A. False
- B. True
Answer: B
NEW QUESTION # 66
Larceny is the scheme in which an employee simply takes inventory from the company premises without attempting to conceal it in the books and records.
- A. False
- B. True
Answer: B
NEW QUESTION # 67
Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.
- A. False
- B. True
Answer: B
NEW QUESTION # 68
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.
- A. Tailor specifications
- B. General purchasing
- C. Bid-splitting
- D. Sealed bids
Answer: D
NEW QUESTION # 69
Which of the following is NOT the reason to bribe employees of the purchaser?
- A. To falsify the bid log
- B. To extend the bid opening date
- C. To ensure bid-splitting
- D. To ensure receipt of a late bid
Answer: C
NEW QUESTION # 70
__________ can be defined as conduct detrimental to the organization and to the employee.
- A. Employee fraud
- B. All of the above
- C. Employee theft
- D. Employee deviance
Answer: D
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 71
Delivery has not occurred or services have not been rendered when:
- A. Neither A nor B
- B. Until installation and customer testing and acceptance has occurred.
- C. Both A & B
- D. A written order exists but contains a right of return.
Answer: D
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 72
Which of the following is NOT the phase of the bidding process?
- A. Solicitation
- B. Submission
- C. Presolicitation
- D. Postsolicitation
Answer: D
NEW QUESTION # 73
The most common method of detection in corruption cases is:
- A. By accident
- B. Internal controls
- C. Internal audits
- D. Tips
Answer: D
NEW QUESTION # 74
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.
- A. Sale requisition
- B. Voucher handling
- C. Cash generating
- D. Purchase requisition
Answer: C
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 75
The principal way to detect omitted credits from books of account is through:
- A. None of all
- B. Forced Balance
- C. Trend analysis
- D. Expense account
Answer: C
NEW QUESTION # 76
Which of the following is the criterion for bid solicitation?
- A. To falsify the bid log
- B. Allowing the purchaser to discuss possible employment with the contractor
- C. Containing false statements
- D. To withdraw low bids
Answer: B
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 77
Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.
- A. False
- B. True
Answer: B
NEW QUESTION # 78
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