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

CFE-Fraud-Schemes-and-Financial-Crimes

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
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
        Fraud Investigation and Analysis- Evidence collection and documentation
        • 1. Chain of custody principles
          - Data analysis in fraud detection
          • 1. Trend and anomaly identification
            Fraud Schemes- Financial Statement Fraud
            • 1. Revenue recognition manipulation
              • 2. Asset overstatement and liability concealment
                - Asset Misappropriation Schemes
                • 1. Billing and expense reimbursement fraud
                  • 2. Skimming and cash larceny

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

                    Question #1
                    Employees with the authority to grant discounts in order to skim revenues may use which authority?

                    A. False discounts
                    B. Recording a discount on sale procedure
                    C. Internal discount sales audits
                    D. None of the above


                    Question #2
                    Which of the following options is a red flag of register disbursement schemes?

                    A. Voids just above the review limit have been approved by a supervisor.
                    B. There is an unusually high number of refunds on the register log.
                    C. Supporting documents for voided transactions are found in the cash register.
                    D. There are no gaps in the transaction numbers on the register log.


                    Question #3
                    Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, and are called:

                    A. Accruals
                    B. Depreciations
                    C. Financial record
                    D. Expenses


                    Question #4
                    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 interfere with contracts that were signed by the debtor.
                    B. Madison may not force third parties with knowledge of the debtor's affairs to provide information.
                    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.


                    Question #5
                    White used a company vehicle for unauthorized, personal purposes while working in a different city. He provided false written and oral information regarding the use of the vehicle. The vehicle was returned without damages. What type of fraud did White commit?

                    A. A misuse of a noncash asset
                    B. White did not commit fraud
                    C. A financial statement fraud scheme
                    D. An expense reimbursement scheme


                    Solutions:

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

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