ACFE CFE-Law Exam
Certified Fraudiner (CFE) - Law (Page 2 )

Updated On: 30-Jan-2026

In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and ___________.

  1. Violation
  2. Isolation
  3. Rationalization
  4. None of the above

Answer(s): C



In which approach, fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer.

  1. Organized accounting
  2. Playing the accounting
  3. Beating accounting
  4. Outside accounting system

Answer(s): D



Which of the following is NOT standard of generally accepted accounting principles?

  1. Conservatism
  2. Cost
  3. Full disclosure
  4. Quality control

Answer(s): D



A typical issue involving material and fraud would be:

  1. Fraudulent statement
  2. Misappropriations
  3. Civil lawsuit
  4. Quality control

Answer(s): B



By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.

  1. Fraudulent statement
  2. Misappropriations
  3. Conservatism
  4. Matching

Answer(s): C



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