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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Fraud Schemes | - Fraudulent Disbursements
- 1. Billing shell companies
- 2. Billing schemes
- 3. Check tampering
- Asset Misappropriation Schemes
- 1. Cash theft and skimming
- 2. Payroll fraud
- 3. Inventory and asset theft
- 4. Expense reimbursement fraud
|
| Topic 2: Financial Crimes | - Financial Statement Fraud
- 1. Asset overstatement
- 2. Expense understatement
- 3. Revenue manipulation
- Corruption Schemes
- 1. Kickbacks
- 2. Bribery
- 3. Conflicts of interest
- Money Laundering
- 1. Placement stage
- 2. Layering stage
- 3. Integration stage
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. According to Hollinger and Clark, for policy development, management must pay attention to:
A) A clear understanding regarding theft behavior
B) Both A & B
C) Neither A nor B
D) Enforcement of sanctions
2. Which of the following measures would be MOST EFFECTIVE for preventing cash register disbursement schemes?
A) Requiring each register worker to prepare the register count sheet and reconcile it with the register total for their own register
B) Encouraging at least one non-supervising employee to be physically present in the cash register area at all times
C) Informing employees in advance that cash counts will be performed on a specific date
D) Keeping register access codes secure and training employees not to share them
3. _________ assumes the business will go on indefinitely in the future.
A) Cost
B) Fair value
C) Materiality
D) Going concern
4. What type of fraud scheme would MOST LIKELY be revealed by comparing a company's personnel records with its payroll records to identify duplicate addresses and government identification numbers?
A) A ghost employee scheme
B) An expense reimbursement scheme
C) A falsified hours and salary scheme
D) A fraudulent commissions scheme
5. According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.
A) Assets
B) None of the above
C) Credentials
D) Liabilities
Solutions:
Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A |