FREE Certified Fraud Examiner (CFE) Trivia Questions and Answers
Which of these is usually the best way to get proof that something happened?
Explanation:
Computer-based queries of full population accounting and other databases are not always the best way to obtain documentary evidence. The best way to get documentary proof depends on the specific circumstances of the audit or investigation. For example, in some cases, requesting physical documents from the auditee or third-party sources may be necessary. In contrast, electronic documentation may be readily available and sufficient in other cases. Ultimately, the auditor or investigator should use professional judgment to determine the most appropriate and effective means of obtaining the necessary documentary evidence.
Last-minute changes to revenue, numbers on balance sheets that can't be backed up, and wrongly recorded revenue are examples of:
Explanation:
Last-minute revenue adjustments, unsupported balance sheet amounts, and improperly recorded revenues are examples of documentary symptoms associated with fictitious revenues.