ACFE CFE-Fraud-Schemes-and-Financial-Crimes real exam prep : Certified Fraud Examiner -Fraud Schemes and Financial Crimes

  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Sep 28, 2026
  • Q&As: 355 Questions and Answers

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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Crimes- Banking and Payment Fraud
  • 1. Check and credit card fraud
    • 2. Wire fraud and electronic transfers
      - Money Laundering
      • 1. Placement, layering, integration stages
        Topic 2: Fraud Investigation and Analysis- Data analysis in fraud detection
        • 1. Trend and anomaly identification
          - Evidence collection and documentation
          • 1. Chain of custody principles
            Topic 3: Fraud Schemes- Asset Misappropriation Schemes
            • 1. Billing and expense reimbursement fraud
              • 2. Skimming and cash larceny
                - Financial Statement Fraud
                • 1. Asset overstatement and liability concealment
                  • 2. Revenue recognition manipulation

                    ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:

                    Question #1

                    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 solicitation
                    • B. Kickbacks
                    • C. Competitive bidding
                    • D. Bid-rigging
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

                    Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

                    Question #2

                    On the balance sheet, assets must equal the sum of which two components?

                    • A. Liabilities and expenses
                    • B. Revenues and cost of goods sold
                    • C. Liabilities and owners' equity
                    • D. Expenses and gross profit
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

                    Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

                    Question #3

                    Which of the following is the MOST APPROPRIATE technique for detecting a cost mischarging scheme?

                    • A. Inspecting questioned goods or materials by examining packaging, appearance, and description
                    • B. Comparing the direct and indirect labor account totals from the prior year to the current year
                    • C. Reviewing the inspection and testing reports of questioned goods or materials
                    • D. Examining any change orders submitted by a contractor that add new items
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

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                    Question #4

                    ____________ is a process by which a bookkeeper records all transactions and can adjust the books.

                    • A. Accounting Cycle
                    • B. None of all
                    • C. Journal Entries
                    • D. Financial statement
                    Reveal Solution  Discussion  0

                    Correct Answer: A  🗳️

                    Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

                    Question #5

                    Which of the following statements is MOST ACCURATE concerning common methods that identity thieves use to steal information?

                    • A. Shoulder surfing involves gathering personal information by listening to a conversation or observing an individual entering a PIN into a device.
                    • B. Phishing is the practice of searching through discarded credit card receipts, bank statements, and other identifying documentation for personal and business information.
                    • C. Pharming involves searching for sensitive personal or business information on used computers that have been purchased from a third-party reseller.
                    • D. Baiting is the practice of manipulating an individual into releasing confidential information by impersonating their bank or a financial institution with which they do business.
                    Reveal Solution  Discussion  0

                    Correct Answer: A  🗳️

                    Explanation: Only visible for TestkingPass members. You can sign-up / login (it's free).

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