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

CFE-Fraud-Schemes-and-Financial-Crimes testking pdf
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Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes

Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes

Updated: Aug 15, 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. Check and credit card fraud
    • 2. Wire fraud and electronic transfers
      - Money Laundering
      • 1. Placement, layering, integration stages
        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
                Fraud Investigation and Analysis- Evidence collection and documentation
                • 1. Chain of custody principles
                  - Data analysis in fraud detection
                  • 1. Trend and anomaly identification

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

                    1. Which of the following scenarios MOST ACCURATELY represents a suitability violation in a jurisdiction that imposes a suitability requirement on broker-dealers?

                    A) A broker-dealer suggests an investment strategy that aligns with their client's objectives and risk appetite but involves volatile funds.
                    B) A broker-dealer advises a client on a promising investment without first discussing the customer's investment strategy.
                    C) A broker-dealer refuses to make an investment on a client's behalf because they are unfamiliar with the client's financial profile.
                    D) A broker-dealer recommends an investment to a client that aligns with their objectives, but it allows the broker-dealer to generate a high commission.


                    2. Which of the following is the MOST ACCURATE statement about the different types of malware?

                    A) Ransomware is malicious software that locks the operating system and restricts access to data files.
                    B) A computer worm is a program that appears useful but monitors and logs keystrokes.
                    C) Spyware is a software program with instructions executed every time a computer is turned on.
                    D) A Trojan horse is a hidden program that displays advertisements while the computer is operating.


                    3. According to the recommended methodology for responding to cybersecurity incidents, which of the following activities should occur during the detection and analysis step?

                    A) Limiting the damage caused by the attack
                    B) Identifying all breaches that occurred
                    C) Creating an incident response plan
                    D) Restoring control of the systems that were affected


                    4. Larceny by fraud or deception means that:

                    A) Creates or reinforces a false impression
                    B) Fails to correct a false impression
                    C) All of the above
                    D) Fails to disclose a known lien, adverse claim, or other legal impediment


                    5. Carl, an information technology (IT) employee at ABC Company, steals an accounting employee's login credentials for the company's online banking portal. Carl then sets up a recurring payment to a bank account that he owns under a different name. Carl has MOST LIKELY committed a(n):

                    A) Electronic payment tampering scheme
                    B) Fraudulent billing scheme
                    C) Diverted revenue scheme
                    D) Ghost payee scheme


                    Solutions:

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

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