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Free CFE – Certified Fraud Examiner Practice Test Question

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Showing 1–3 of 10 questions

Question 1 (Financial Transactions and Fraud Schemes)

SIMULATION

The _______________ cost method of pricing would carry an asset’s value on the financial statements as what it would currently cost, considering inflation.

Answer is in the explanation below.

Question 2 (Investigation)

According to Hollinger and Clark for Policy development, management must pay attention to:

Select an option, then click Submit answer.

  • ○

    A clear understanding regarding theft behavior
  • ○

    Enforcement of sanctions
  • ○

    Both A & B
  • ○

    Neither A nor B
Question 3 (Fraud Prevention and Deterrence)

When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

Select an option, then click Submit answer.

  • ○

    Presolicitation scheme
  • ○

    Need recognition scheme
  • ○

    False sole-source scheme
  • ○

    Submission scheme