ACFE CFE-Fraud-Schemes-and-Financial-Crimes - Certified Fraud Examiner -Fraud Schemes and Financial Crimes

ACFE CFE-Fraud-Schemes-and-Financial-Crimes Actual PDF
  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Oct 14, 2026
  • Q & A: 355 Questions and Answers
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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

SectionObjectives
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:

                                  Question #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
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

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

                                  Question #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
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

                                  Question #3

                                  _________ assumes the business will go on indefinitely in the future.

                                  • A. Cost
                                  • B. Fair value
                                  • C. Materiality
                                  • D. Going concern
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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

                                  Question #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
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

                                  Question #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
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

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