ACFE CFE-Fraud-Schemes-and-Financial-Crimes actual dump : 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: Sep 27, 2026
  • Q & A: 355 Questions and Answers

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About ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Questions

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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

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

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

                                  Question #1

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

                                  • A. A purchasing employee and vendor agree to bill the company for services that were not provided.
                                  • B. A government official demands money in exchange for awarding a contract to a vendor.
                                  • C. A vendor rewards a purchasing employee with a free trip after the employee directs business to the vendor.
                                  • D. An employee receives a payment for directing excess business to a vendor.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).

                                  Question #2

                                  Brenda was a cashier at a retail store. When Brenda's friend shopped at the store, she would take her merchandise to Brenda's cash register. Instead of charging her friend, Brenda would record a No-Sale transaction on the register, and her friend would pretend to pay for the merchandise. Brenda's friend would leave the store without paying for the merchandise, and the two would later divide the merchandise between themselves. This scheme can BEST be described as:

                                  • A. A false sale scheme
                                  • B. A register disbursement scheme
                                  • C. A purchasing and receiving scheme
                                  • D. A skimming scheme
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A  🗳️

                                  Explanation: Only visible for Actual4Dumps 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 employees to designate a coworker to collect paychecks on their behalf if they are absent during distribution.
                                  • C. Require supervisors to authorize all overtime and to verify the time worked by each of their employees.
                                  • D. Assign payroll preparation and payroll bank account reconciliations to one employee.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).

                                  Question #4

                                  A method for gaining unauthorized access to a computer system whereby the attacker deceives victims into disclosing personal information or convinces them to commit acts that facilitate the attacker's intended scheme is known as:

                                  • A. Packet sniffing
                                  • B. Social engineering
                                  • C. IP spoofing
                                  • D. Electronic piggybacking
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).

                                  Question #5

                                  Which of the following methods might a procuring employee use to engage in a bid manipulation scheme?

                                  • A. Using materials that are low quality
                                  • B. Opening the bidding process at the designated time
                                  • C. Charging for costs that are not permissible
                                  • D. Disqualifying bids that are submitted correctly
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).

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