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

ACFE CFE-Fraud-Schemes-and-Financial-Crimes exam
  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Oct 07, 2026
  • Q & A: 355 Questions and Answers
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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Crimes- Money Laundering
  • 1. Integration stage
    • 2. Layering stage
      • 3. Placement stage
        - Financial Statement Fraud
        • 1. Revenue manipulation
          • 2. Expense understatement
            • 3. Asset overstatement
              - Corruption Schemes
              • 1. Kickbacks
                • 2. Bribery
                  • 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. Expense reimbursement fraud
                              • 3. Inventory and asset theft
                                • 4. Payroll fraud

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

                                  Question #1

                                  A contractor visits Lindsay's home and informs her that she has a damaged roof. The contractor offers roofing services and quotes Lindsay a price. Which of the following is the BEST action Lindsay can take to prevent being victimized by a potential consumer fraud scheme?

                                  • A. Verify that the contractor has a valid license by contacting the licensing agency for confirmation.
                                  • B. Require the contractor to provide the phone number of a reference who can attest to the quality of their services.
                                  • C. Ask the contractor how many roofs they have repaired in the past to ascertain how much experience they have.
                                  • D. Agree to the contractor's services orally to avoid being bound by contract terms if the work is unsatisfactory.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

                                  Question #2

                                  Which of the following scenarios is an example of an economic extortion scheme?

                                  • A. A contractor rewards a government employee with concert tickets after winning a contract with their agency.
                                  • B. A judge threatens to rule against a defendant during a judicial proceeding unless the defendant pays them money.
                                  • C. A purchasing employee and vendor agree to bill the employee's company for services that the vendor did not provide.
                                  • D. A driver caught violating the speed limit offers a law enforcement officer payment to avoid receiving a speeding ticket.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

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

                                  Question #3

                                  The scheme in which the same vendor is receiving favorable treatment can be found in purchases by vendor searches.

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

                                  Correct Answer: B  🗳️

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

                                  Question #4

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

                                  • A. Reviewing the amount of time between when cash is initially received and deposited
                                  • B. Separating the duties of collecting cash and accessing the accounts receivable journal
                                  • C. Comparing sales records to the amount of cash that is received
                                  • D. Implementing regular rotation of employee job responsibilities
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

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

                                  Question #5

                                  Hannah is a manager at a financial institution. To safeguard the bank and its customers from electronic funds transfer (EFT) fraud, Hannah is implementing several preventive measures. Which of the following is NOT a measure Hannah should take to prevent EFT fraud?

                                  • A. Mail PINs and other associated account information together to reduce the chance of those items being lost during transit.
                                  • B. If a customer reports the loss or theft of an access device, then cancel the existing card, PIN, or other form of access and issue a new one.
                                  • C. Separate the duties of bank employees so that the responsibilities for the issuance of access devices are separate from the issuance of PINs.
                                  • D. Send a welcome letter to new customers to determine if the address submitted on the account application is valid.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

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

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