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Free SOFE CFE Sample Questions
Question 1
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
Question 2
Which of the following is NOT standard of generally accepted accounting principles?
A. Conservatism
B. Cost
C. Full disclosure
D. Quality control
Answer: D
Question 3
A ___________ occurs when an employee, manager or executive has an undisclosed economic or personal interest in a transaction that adversely affects the organization.
A. Conflict of interest
B. Illegal sale
C. Unauthorized purchase
D. Financial disclosure
Answer: A
Question 4
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.
A. Sale requisition
B. Purchase requisition
C. Voucher handling
D. Cash generating
Answer: D
Question 5
________ decrease assets and expenses and/or increase liabilities and/or equity
A. Journal Entries
B. Debit
C. Credit
D. None of all
Answer: C
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