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: Oct 02, 2026
  • Q & A: 355 Questions and Answers
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  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
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  • 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. Skimming and cash larceny
    • 2. Billing and expense reimbursement fraud
      - Financial Statement Fraud
      • 1. Revenue recognition manipulation
        • 2. Asset overstatement and liability concealment
          Fraud Investigation and Analysis- Evidence collection and documentation
          • 1. Chain of custody principles
            - Data analysis in fraud detection
            • 1. Trend and anomaly identification
              Financial Crimes- Banking and Payment Fraud
              • 1. Check and credit card fraud
                • 2. Wire fraud and electronic transfers
                  - Money Laundering
                  • 1. Placement, layering, integration stages

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

                    Question #1

                    Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

                    • A. True
                    • B. False
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

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

                    Question #2

                    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 falsified hours and salary scheme
                    • B. A fraudulent commissions scheme
                    • C. A ghost employee scheme
                    • D. An expense reimbursement scheme
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

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

                    Question #3

                    Which of the following measures is recommended to help prevent payroll fraud?

                    • A. Discourage employees from using direct deposit for payroll payments.
                    • B. Require supervisors to authorize all overtime and to verify the time worked by each of their employees.
                    • C. Require employees to designate a coworker to collect paychecks on their behalf if they are absent during distribution.
                    • D. Assign payroll preparation and payroll bank account reconciliations to one employee.
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

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

                    Question #4

                    Which of the following is NOT a common way that a procuring employee might engage in a bid manipulation scheme?

                    • A. Opening bids prematurely
                    • B. Altering bids
                    • C. Extending bid opening dates without justification
                    • D. Using low-quality materials
                    Reveal Solution  Discussion  0

                    Correct Answer: D  🗳️

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

                    Question #5

                    Valentin purchases a property and shortly thereafter sells the real estate at an inflated price using the results of a fraudulent appraisal. Which of the following terms BEST describes this scheme?

                    • A. Fraudulent sale
                    • B. Property flipping
                    • C. Daisy chain
                    • D. Air loan
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

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

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