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Financial CFEX Exam
Certified Fraud Examiner (CFEX) (Page 17 )

Updated On: 19-Jan-2026
Page 6 of 33
PDF with 162 Questions

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.

  1. True
  2. False

Answer(s): A



According to accounting principles, _________ and _________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

  1. Revenue and corresponding expenses
  2. Revenue and Income statement
  3. Income statement and Long-term contracts
  4. Capitalized expenses and Liabilities

Answer(s): A



Persuasive evidence of an arrangement does not exist when:

  1. Revenue and corresponding expenses doesn't match each other.
  2. No written or verbal agreement exists.
  3. Timings not meet properly
  4. Capitalized expenses and Liabilities will not be up to satisfied level

Answer(s): B



Physical assets including ________and _________are the most commonly misappropriated noncash asset in our study.

  1. Interest & Collusion
  2. Inventory & Equipment
  3. Inventory & Purchase
  4. Sales & Equipment

Answer(s): B



Which of the following is NOT the method for stealing inventory and other assets?

  1. Larceny schemes
  2. Asset requisition and transfer
  3. Purchasing and receiving schemes
  4. Sales & Equipment handling

Answer(s): D



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Viewing questions 81 - 85 out of 162 questions



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