FREE Certified Fraud Examiner (CFE) Trivia Questions and Answers

Question 1

Last-minute changes to revenue, numbers on balance sheets that can't be backed up, and wrongly recorded revenue are examples of:

Accepted Answer

Documentary symptoms

Answer

Explanation:
Last-minute revenue adjustments, unsupported balance sheet amounts, and improperly recorded revenues are examples of documentary symptoms associated with fictitious revenues.

Question 2

This is what the Gramm-Leach-Bliley Act lets:

Accepted Answer

All of the above

Question 3

Each of these agencies is a good fit for the kind of information it gives, except:

Accepted Answer

State attorney gen: maintains birth records and info about people's SSNs

Question 4

During an audit, the auditor looks at the situation of the person being audited and plans the audit accordingly:

Accepted Answer

First order

Question 5

Which of these is usually the best way to get proof that something happened?

Accepted Answer

Computer based queries of full population accounting and other databases

Answer

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.

Certified Fraud Examiner Exam Practice Test

Certified Fraud Examiner Exam Practice Test

FREE Certified Fraud Examiner (CFE) Trivia Questions and Answers