Free CFE - Law Exam Braindumps (page: 3)

Page 3 of 41

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

  1. Forced Balance
  2. Trend analysis
  3. Expense account
  4. None of all

Answer(s): B



People commit financial statement fraud to:

  1. Conceal false business performances
  2. Preserve personal status/control
  3. Maintain personal income
  4. Stand outside the accounting system

Answer(s): B



Which of the following is NOT the reason why senior management will overstate business statement?

  1. Comply with debit covenants
  2. Meet personal performance criteria
  3. Trigger performance related compensation
  4. Show a pattern of growth to support sale of a business

Answer(s): A



Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?

  1. Proper documentation, segregation of duties, independent checks and physical safeguards
  2. Proper documentation, segregation of duties, independent checks and inventory control
  3. Proper documentation, physical padding, independent checks and physical safeguards
  4. prenumbered affiliations, segregation of duties, independent checks and physical safeguards

Answer(s): A



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Bosco Oico commented on December 28, 2024
Yes. i have used this dump for CFE Investigations test yesterday- i found it useful because questions about 60% were closely related and some were exact. The only thing that needs to be improved is the accuracy of the answers. If some one read the CFE manual well, you will notice that some answers as they are answered according to the ACFE standard. So, i encourage anyone using Brain to verify answers, otherwise, its a good source to create confidence and sure pass
UGANDA
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