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

CFE-Fraud-Schemes-and-Financial-Crimes real exams

Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes

Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes

Updated: Aug 10, 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- Asset Misappropriation Schemes
  • 1. Skimming and cash larceny
    • 2. Billing and expense reimbursement fraud
      - Financial Statement Fraud
      • 1. Asset overstatement and liability concealment
        • 2. Revenue recognition manipulation
          Topic 2: Financial Crimes- Banking and Payment Fraud
          • 1. Wire fraud and electronic transfers
            • 2. Check and credit card fraud
              - Money Laundering
              • 1. Placement, layering, integration stages
                Topic 3: Fraud Investigation and Analysis- Data analysis in fraud detection
                • 1. Trend and anomaly identification
                  - Evidence collection and documentation
                  • 1. Chain of custody principles

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

                    1. Which of the following measures would be MOST EFFECTIVE in preventing a skimming scheme?

                    A) Separating the duties of collecting cash and accessing the accounts receivable journal
                    B) Implementing regular rotation of employee job responsibilities
                    C) Comparing sales records to the amount of cash that is received
                    D) Reviewing the amount of time between when cash is initially received and deposited


                    2. Financial statement fraud is BEST described as the intentional or accidental misstatement of amounts in the financial statements.

                    A) True
                    B) False


                    3. ___________ and __________ are used to increase (or decrease) the equity account.

                    A) Journal Entries & Debit
                    B) Journal Entries & Credit
                    C) Journal Entries & Transactions
                    D) None of all


                    4. 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) Keeping register access codes secure and training employees not to share them
                    C) Informing employees in advance that cash counts will be performed on a specific date
                    D) Encouraging at least one non-supervising employee to be physically present in the cash register area at all times


                    5. ___________ is to allow the owner, investors, creditors, and others with an interest to know the appropriate book worth of the business at a particular date.

                    A) Financial record
                    B) Equity
                    C) Income statement
                    D) Balance sheet


                    Solutions:

                    Question # 1
                    Answer: A
                    Question # 2
                    Answer: B
                    Question # 3
                    Answer: B
                    Question # 4
                    Answer: B
                    Question # 5
                    Answer: D

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