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

  • CFE-Fraud-Schemes-and-Financial-Crimes pdf
  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Aug 07, 2026
  • Q & A: 355 Questions and Answers
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CFE-Fraud-Schemes-and-Financial-Crimes Practice Dumps

ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
SectionObjectives
Topic 1: Financial Crimes- Financial Statement Fraud
  • 1. Expense understatement
    • 2. Asset overstatement
      • 3. Revenue manipulation
        - Money Laundering
        • 1. Placement stage
          • 2. Integration stage
            • 3. Layering stage
              - Corruption Schemes
              • 1. Bribery
                • 2. Kickbacks
                  • 3. Conflicts of interest
                    Topic 2: Fraud Schemes- Fraudulent Disbursements
                    • 1. Billing shell companies
                      • 2. Billing schemes
                        • 3. Check tampering
                          - Asset Misappropriation Schemes
                          • 1. Cash theft and skimming
                            • 2. Inventory and asset theft
                              • 3. Expense reimbursement fraud
                                • 4. Payroll fraud
                                  ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:

                                  1. Which of the following is a common red flag of a bid tailoring scheme?

                                  A) Numerous bidders respond to the procuring entity's bid requests.
                                  B) The procuring entity rebids contracts because fewer than the minimum number of bids are received.
                                  C) There are unusually narrow specifications for the type of goods being procured.
                                  D) The procuring entity's request for bid submissions provides clear bid submission information.


                                  2. Which of the following statements regarding new account fraud is MOST ACCURATE?

                                  A) Automated teller machines (ATMs) are rarely targets of new account fraud because it is easier for criminals to commit fraud via face-to-face transactions.
                                  B) New account fraud can be defined as any fraud that occurs on an account during the first six months that it is open.
                                  C) It is more likely that fraud will occur in established accounts than in accounts that are still considered to be new.
                                  D) Mobile deposits are at high risk for new account fraud because fraudsters can easily make deposits using forged or counterfeit images.


                                  3. Madison has been appointed as a bankruptcy administrator. According to the recommendations of the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes, which of the following statements concerning Madison's role as bankruptcy administrator is MOST ACCURATE?

                                  A) Madison may not force third parties with knowledge of the debtor's affairs to provide information.
                                  B) Madison may not interfere with contracts that were signed by the debtor.
                                  C) Madison may cancel any fraudulent contracts or transactions entered into by the debtor.
                                  D) Madison may collect a debtor's property, but a third party must dispose of it.


                                  4. Entering a sales total lower than the amount actually paid by the customer is called:

                                  A) Underrings a sale
                                  B) Internal sales audits
                                  C) Recording a sale procedure
                                  D) All of the above


                                  5. Which of the following statements regarding measures for detecting a cash larceny scheme is MOST ACCURATE?

                                  A) The cashier should be responsible for preparing register count sheets and reconciling them with cash register totals.
                                  B) The individual responsible for the cash receipts function should compare cash receipts journal entries with bank statement deposits.
                                  C) Any journal entries that are made to cash accounts should be reviewed, analyzed, and traced to their source documentation.
                                  D) Cash receipts listings should be prepared and confirmed after receipts are submitted to the accounts receivable bookkeeper.


                                  Solutions:

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

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