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ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. Which of the following can constitute a bribe, even if the illicit payment is never actually made?
A) Offering a payment
B) Kickback payment
C) Corruption in payment
D) Overbilling in payment
2. ________, one of the synonyms for fraud, implies deceiving so thoroughly as to obscure the truth.
A) Deceive
B) Delude
C) Beguile
D) Mislead
3. John is a salesperson whose job requires him to entertain potential clients frequently. When John and another salesperson from a different company take a potential client to dinner, the other salesperson pays for the meal.
John creates his own receipt for the meal and submits the expense for reimbursement from his company.
John's scheme can BEST be characterized as:
A) A multiple reimbursement scheme
B) An overstated expense reimbursement scheme
C) A mischaracterized expense reimbursement scheme
D) A fictitious expense reimbursement scheme
4. Which of the following is a red flag that might indicate the existence of a need recognition scheme?
A) The purchasing entity identifies a need that can be met by various suppliers.
B) The purchasing entity does not have high requirements for stock and inventory levels.
C) The purchasing entity's materials are not being ordered at the optimal reorder point.
D) The purchasing entity has an unusually large list of backup suppliers available.
5. 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) True
B) False
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |








