ACFE CFE-Fraud-Schemes-and-Financial-Crimes Q&A - in .pdf

  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Aug 30, 2026
  • Q & A: 355 Questions and Answers
  • PDF Price: $59.98
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  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Aug 30, 2026
  • Q & A: 355 Questions and Answers
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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
SectionObjectives
Fraud Schemes- Asset Misappropriation Schemes
  • 1. Cash theft and skimming
    • 2. Payroll fraud
      • 3. Expense reimbursement fraud
        • 4. Inventory and asset theft
          - Fraudulent Disbursements
          • 1. Billing schemes
            • 2. Check tampering
              • 3. Billing shell companies
                Financial Crimes- Money Laundering
                • 1. Integration stage
                  • 2. Placement stage
                    • 3. Layering stage
                      - Financial Statement Fraud
                      • 1. Asset overstatement
                        • 2. Revenue manipulation
                          • 3. Expense understatement
                            - Corruption Schemes
                            • 1. Bribery
                              • 2. Conflicts of interest
                                • 3. Kickbacks
                                  ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:

                                  Question 1

                                  Which of the following statements describes a best practice for preventing contract and procurement fraud?

                                  A. Companies should permit the person who maintains the vendor master file to also have authority to approve payments for invoices.
                                  B. Companies should have vendor-monitoring procedures that address the red flags of all vendor schemes.
                                  C. Companies should conduct background checks on all vendors before they are added to the vendor master file.
                                  D. Companies should restrict the monitoring of their procurement activities to once a year to ensure comparability from year to year.


                                  Question 2

                                  The behavior profile of employees who are involved in bribery schemes may include:

                                  A. Drug and/or alcohol addiction
                                  B. All of the above
                                  C. Extravagant lifestyle
                                  D. Gambling habit


                                  Question 3

                                  Which of the following measures would be MOST EFFECTIVE in helping an individual detect whether they have become a victim of identity theft?

                                  A. Call international banks to determine if a new account has been opened in their name.
                                  B. Conduct a regular internet search for their phone number.
                                  C. Request a copy of their credit report on a regular basis and review it for suspicious activity.
                                  D. Monitor their credit score for a large increase or improvement.


                                  Question 4

                                  Which of the following is NOT the reason why senior management will overstate business statements?

                                  A. Comply with debt covenants
                                  B. Trigger performance-related compensation
                                  C. Meet personal performance criteria
                                  D. Show a pattern of growth to support sale of a business


                                  Question 5

                                  Which of the following statements about competitive intelligence is CORRECT?

                                  A. Competitive intelligence and corporate espionage describe identical practices.
                                  B. Competitive intelligence is considered a legitimate business function.
                                  C. Competitive intelligence involves the use of illegal, covert means to acquire information for commercial purposes.
                                  D. Competitive intelligence refers to government-sanctioned activities conducted to collect protected information from a foreign government.


                                  Solutions:

                                  Question 1
                                  Answer: C
                                  Question 2
                                  Answer: B
                                  Question 3
                                  Answer: C
                                  Question 4
                                  Answer: A
                                  Question 5
                                  Answer: B

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