ACFE CFE-Fraud-Schemes-and-Financial-Crimes Valid 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 12, 2026
  • Q & A: 355 Questions and Answers
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  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Aug 12, 2026
  • Q & A: 355 Questions and Answers
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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

SectionObjectives
Fraud Investigation and Analysis- Data analysis in fraud detection
  • 1. Trend and anomaly identification
    - Evidence collection and documentation
    • 1. Chain of custody principles
      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 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

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

                    1. Maria is Annie's beneficiary under a life insurance policy. The two need a large sum of money, so Maria submits a claim with a phony death certificate indicating that Annie is no longer living, even though Annie is alive and has fled to a different town. Maria and Annie's actions are an example of which of the following fraud schemes?

                    A) Fraudulent death claim scheme
                    B) Beneficiary extortion scheme
                    C) Premium theft fraud scheme
                    D) Tombstone policy claim scheme


                    2. Reconciling the sales records to the cash receipts is an effective way to detect a sales skimming scheme.

                    A) False
                    B) True


                    3. Which of the following statements is MOST ACCURATE regarding how the challenges in government and public sector fraud prevention differ from those in the private sector?

                    A) Unlike government and public sector organizations, private sector organizations often have to shift and reallocate fraud prevention resources based on legal requirements.
                    B) Unlike government and public sector organizations, fraud prevention efforts for private sector organizations are often guided by the prevailing government's opinions and priorities.
                    C) Fraud prevention initiatives tend to be implemented less quickly in government and public sector organizations due to the need for staffing changes and budget readjustments.
                    D) Government and public sector organizations generally have greater control of their organizational operations and objectives than private sector organizations.


                    4. Which of the following statements about change order abuse is MOST ACCURATE?

                    A) Change order abuse usually involves collusion among several contractors.
                    B) Change order abuse is a scheme typically committed by sole-source vendors.
                    C) Change order abuse generally results in procuring entities paying the winning contractor less than the amount of the accepted bid.
                    D) Change order abuse often causes the procuring entity to lose the advantages offered by the competitive bidding process.


                    5. When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

                    A) False sole-source scheme
                    B) Need recognition scheme
                    C) Presolicitation scheme
                    D) Submission scheme


                    Solutions:

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

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