Free CFE Exam Braindumps
Certified Financial Examiner (CFE) Questions 91–95 (page: 20)

Updated On: 9-Feb-2026

False billing scheme states that:

  1. employees do not cause their company to purchase merchandise that the company does not need.
  2. employees cause their company to sale merchandise that the company does not need.
  3. employees do not cause their company to sale merchandise that the company does not need.
  4. employees cause their company to purchase merchandise that the company does not need

Answer(s): D



If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

  1. Inventory larceny scheme
  2. Asset receiving scheme
  3. Fraudulent purchase
  4. Falsify shipping

Answer(s): A



____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

  1. False shipping slip
  2. False packing slip
  3. Fraudulent inventory slip
  4. False credit slip

Answer(s): B



A variation between the physical inventory and the perpetual inventory totals is called:

  1. Altered inventory
  2. Account receivable
  3. Shrinkage
  4. Write-offs

Answer(s): C



Inventory shrinkage is the unaccounted-for reduction in the company's inventory that does not results from theft.

  1. True
  2. False

Answer(s): B



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