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Valid CFE Test Materials | CFE Reasonable Exam Price

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To be eligible for the CFE certification, candidates must have a minimum of a bachelor's degree and two years of professional experience in a field related to fraud. Alternatively, candidates with an associate's degree and five years of professional experience or those without a degree but with seven years of professional experience can also apply for the certification. In addition, candidates must pass the CFE certification exam and adhere to the ACFE's code of ethics.

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The CFE is accepted worldwide as a standard of excellence in the anti-fraud profession. A CFE is more likely to manage its missions with a higher level of trust and competence and therefore be taken more seriously in its professions.

See, for example, the level of credibility given to the director of the CID, George Kinoti, and to the director of the prosecution, Noordin Haji.

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ACFE Certified Fraud Examiner Sample Questions (Q157-Q162):

NEW QUESTION # 157
What is sometimes used to overcome well-designed internal controls of a victim company?

A. Fraudulent invoices
B. Rubber stamp supervisors
C. Collusion
D. Shell company

Answer: C

Explanation:
Section: Fraud Prevention and Deterrence

NEW QUESTION # 158
A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

A. Bid opening
B. Fictitious Bidding
C. Bid pooling
D. Bid log

Answer: C

Explanation:
Section: Fraud Prevention and Deterrence

NEW QUESTION # 159
In which of the following process, all bidders are legally supposed to be placed on the same plane of equality, bidding on the same terms and conditions?

A. Bid-rigging
B. Bid solicitation
C. Kickbacks
D. Competitive bidding

Answer: D

Explanation:
Section: Fraud Prevention and Deterrence

NEW QUESTION # 160
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:

A. Depreciations
B. Expenses
C. Financial record
D. Accruals

Answer: D

NEW QUESTION # 161
Which of the following is NOT the reason why senior management will overstate business statement?

A. Show a pattern of growth to support sale of a business
B. Comply with debit covenants
C. Trigger performance related compensation
D. Meet personal performance criteria

Answer: B

NEW QUESTION # 162
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