Free CFE Practice Test Questions and Answers (2026)

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Q: 1
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:
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Q: 2
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
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Q: 3
A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:
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Q: 4
Larceny by Fraud or deception means that:
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Q: 5
Which of the following is NOT the reason why senior management will overstate business statement?
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Q: 6
Financial statement fraud is committed by:
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Q: 7
Which of the following is not the skimming scheme?
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Q: 8
According to fraud tree, cash has three following schemes:
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Q: 9
Which sale occurs when the accomplice of the employee-fraudster “buys” merchandise, but the employee does not ring up the sale, and the accomplice takes the merchandise without making any payment?
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Q: 10

FILL IN THE BLANK One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.

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Q: 11

FILL IN THE BLANK __________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.

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Q: 12

FILL IN THE BLANK ______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

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Q: 13

FILL IN THE BLANK ___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.

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Q: 14

FILL IN THE BLANK _________ is defined as a person who works for the victim organization and who is primary culprit

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Q: 15

FILL IN THE BLANK A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

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Q: 16

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

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Q: 17
Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
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Q: 18
The fraudsters’ interest lies with an employer other than a company.
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Q: 19
Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.
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Q: 20
Most of the shell company schemes involve the purchase of goods rather than services.
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