ACFE CFE Q&A - in .pdf

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  • Exam Code: CFE
  • Exam Name: Certified Fraud Examiner
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ACFE CFE Q&A - Testing Engine

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NEW QUESTION: 1
What are the Statements of Financial Accounting Concepts intended to establish?
A. The meaning of "Present fairly in accordance with generally accepted accounting principles."
B. The hierarchy of sources of generally accepted accounting principles.
C. The objectives and concepts for use in developing standards of financial accounting and reporting.
D. Generally accepted accounting principles in financial reporting by business enterprises.
Answer: C
Explanation:
Choice "c" is correct. Statements of Financial Accounting Concepts are intended to establish the
objectives and concepts that the Financial Accounting Standards Board will use in developing standards
of financial accounting and reporting. SFAC 1 para. 3 Choice "a" is incorrect. The Statements of Financial
Accounting Concepts do not specify financial accounting standards prescribing accounting procedures or
practices. SFAC 1 para. 3 Choice "b" is incorrect. Auditing standards develop the meaning of "Present
fairly in accordance with generally accepted accounting principles." Choice "d" is incorrect. The hierarchy
of sources of generally accepted accounting principles is determined by GAAP.

NEW QUESTION: 2
Some users are unable to connect to specific local hosts by name, while accessing hosts in other zones works as expected. Given that the hosts are reachable by their IP addresses, which is the default log file that could provide hints about the problem?
A. /var/log/bind/errors
B. /var/log/messages
C. /var/named/log
D. /var/log/bind_errors
E. /var/lib/named/dev/log
Answer: B

NEW QUESTION: 3
A company uses Dynamics 365 Supply Chain Management and Dynamics 365 Finance.
User account data must be synchronized between the two system.
You need to ensure that the synchronized data is stored in one place.
What should you use?
A. Azure loT Central
B. SQLServer
C. Azure Active Directory
D. Common Data Service
Answer: D
Explanation:
Reference:
https://docs.microsoft.com/en-us/power-platform/admin/data-integrator

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