CFE ACFE Exam Question Answers | Latest ACFE Dumps
                     CFE  ACFE Exam Dumps
CFE Certified Fraud Examiner
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Question: 1  
   
________, one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth: 
 
A. Deceive 
B. Delude 
C. Mislead 
D. Beguile 
 
Answer: B     
 
Question: 2  
   
Which of the following must be present for a fraud to exist? 
 
A. A material false statement 
B. Knowledge that the statement was false when it was uttered 
C. Reliance on the fast statement by the victim 
D. All of the above 
 
Answer: D     
 
Question: 3  
   
A person is said to be in ________ act, when the business which he transacts, or the money or property 
which he handles, is not for his own benefit, but for another person: 
 
A. Fiduciary Capacity 
B. Embezzlement 
C. Conversion 
D. None of the above 
 
Answer: A     
 
Question: 4  
   
The essential elements of a ________ are an actual or constructive taking away of the goods or property 
of another with the without the consent and against the will of the owner and with a felonious intent. 
 
A. Larceny 
 
B. Abuse 
C. Fiduciary 
D. None of the above 
 
Answer: A     
 
Question: 5  
   
Larceny by Fraud or deception means that: 
 
A. Creates or reinforce a false impression 
B. Fails to correct a false impression 
C. Fails to disclose a known lien, adverse claim or other legal impediment 
D. All of the above 
 
Answer: D     
 
Question: 6  
   
In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and 
 
A. Violation 
B. Isolation 
C. Rationalization 
D. None of the above 
 
Answer: C     
 
Question: 7  
   
The seller’s price to the buyer is not fixed or determinable when: 
 
A. When the price is not contingent on some future events 
B. The transaction includes an option to exchange the product for others. 
C. A service or membership fee is not subject predictable cancellation during the contract period. 
D. Payment terms are not extended for a substantial period. 
 
Answer: B     
 
Question: 8  
 
   
Which of the following are not of Basic types of non-sharable problems? 
 
A. Violation of ascribed obligations 
B. Business reversals 
C. Physical Isolation 
D. Larceny by Fraud 
 
Answer: D     
 
Question: 9  
CORRECT   
TEXT 
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good 
reason for ________. 
Answer: 
Embezzling 
Question: 10  
Which of the following offender types in which people who take the money and run away? 
 
A. Absconders 
B. Long-term violators 
C. Offender types 
D. None of the above 
 
Answer: A     
 
Question: 11  
   
When situational pressures and perceived opportunities are low and personal integrity is high, 
occupational fraud is much more likely to occur than when the opposite is true. 
 
A. True 
B. False 
 
Answer: B     
 
Question: 12  
   
In Fraud scale pressure, opportunity and integrity variables all results in a list of ___ possible red flags or 
indicators of occupational fraud and abuse. 
 
 
A. 81 
B. 82 
C. 83 
D. 84 
 
Answer: B     
 
Question: 13  
   
__________ can be defined as conduct detrimental to the organization and to the employee. 
 
A. Employee deviance 
B. Employee theft 
C. Employee fraud 
D. All of the above 
 
Answer: A     
 
Question: 14  
 
CORRECT   TEXT 
______________ is required not only for theft, but for procedures to detect errors, avoid waste and 
insure a proper amount of inventory is maintained. 
Answer: 
 
Inventory control 
 
Question: 15  
 
Perceived certainty of detection is directly related to employee theft for respondents in all industry 
sectors, that is the stronger the perception that theft would be detected, the more the likelihood that 
the employee would engage in deviant behavior. 
 
A. True 
B. False 
 
Answer: B