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Patriotic reasons

As a Kenyan patriot, it is your responsibility to equip yourself with CFE skills so that you can play a role in President Uhuru's Big 4 program. As a CFE, you can play a role in ensuring that the misappropriation of public and private resources is reduced. The Big 4 builds on reports from investigative and judicial agencies such as the Office of the Director of Public Prosecutors (ODPP), the Office of the Director of Criminal Investigations (DCI), the Office of the Ethics and Anti-Corruption Commission (OEACC), among the others >> CFE Valid Exam Forum <<

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Self-sufficiency and happiness

The CFE course is not only important for extrinsic reasons such as wage increases and promotional opportunities, but it is also important for intrinsic reasons. A professional with CFE feels more independent and this leads to a better feeling of accomplishment and purpose. In essence, this is a course that can have a positive impact on your happiness index and your health

ACFE Certified Fraud Examiner Sample Questions (Q151-Q156):

NEW QUESTION # 151
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. Financial record
• B. Depreciations
• C. Expenses
• D. Accruals

Answer: D
NEW QUESTION # 152
__________ are the amounts which are owned to other entities:

• A. Assets
• B. Supplies
• C. Liabilities
• D. Expenses

Answer: C
NEW QUESTION # 153
According to accounting principles, ________ and ________ should be recorded or atched in the same accounting period; failing to do so violates the matching principle of AAP.

• A. Capitalized expenses and Liabilities
• B. Income statement and Long-term contracts
• C. Revenue and corresponding expenses
• D. Revenue and Income statement

Answer: C Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 154
Which of the following can constitute a bribe, even if the illicit payment is never actually made?

• A. Corruption in payment
• B. Overbilling in payment
• C. Offering a payment
• D. kickback payment

Answer: C Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 155
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. Unauthorized purchase
• C. Illegal sale
• D. Financial disclosure

Answer: A
NEW QUESTION # 156
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