Free Access ACFE.CFE.v2022-02-03.q138 Practice Test (Page 29)

Question 136

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.

A.Revenue and corresponding expenses

B.Revenue and Income statement

C.Income statement and Long-term contracts

D.Capitalized expenses and Liabilities

Question 137

Financial statement fraud is committed by:

A.Organized criminals

B.Mid and lower level employees

C.Senior Management

D.All of the above

Question 138

Employees steal an incoming payment and then place the incoming funds in an interest bearing account for:

A.Converting stolen checks

B.Concealing the fraud

C.Short-term skimming

D.All of the above

Question 136

Question 137

Question 138

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