Online Access Free CFE Practice Test

Asset misappropriation schemes were the "middle children" of the study; they were more common than fraudulent statements and more costly than corruption.

• A.True
• B.False

Which of the following must be present for a fraud to exist?

• A.Knowledge that the statement was false when it was uttered
• B.Reliance on the fast statement by the victim
• C.All of the above
• D.A material false statement

A shell company scheme in which actual goods or services are sold to the victim company is known as:

• A.Allocation scheme
• B.Pass-through scheme
• C.Maintenance scheme
• D.Distribution scheme

When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:

• A.Expense
• B.Financial record
• C.Equity
• D.Accrual basis accounting

Fill in Blank
__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.