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Certified Fraud Examiner - Financial Transactions and Fraud Schemes

Exam Details

  • Exam Code
    :CFE-FINANCIAL-TRANSACTIONS-AND-FRAUD-SCHEMES
  • Exam Name
    :Certified Fraud Examiner - Financial Transactions and Fraud Schemes
  • Certification
    :ACFE Certifications
  • Vendor
    :ACFE
  • Total Questions
    :186 Q&As
  • Last Updated
    :Jun 24, 2025

ACFE ACFE Certifications CFE-FINANCIAL-TRANSACTIONS-AND-FRAUD-SCHEMES Questions & Answers

  • Question 101:

    Fraudsters use the accounting system as a tool to generate the results they want in ___________ approach:

    A. Organized accounting

    B. Playing the accounting

    C. beating accounting

    D. All of the above

  • Question 102:

    ____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

    A. False shipping slip

    B. False packing slip

    C. Fraudulent inventory slip

    D. False credit slip

  • Question 103:

    __________ are the amounts which are owned to other entities:

    A. Supplies

    B. Expenses

    C. Assets

    D. Liabilities

  • Question 104:

    A __________ is a day-by-day, or chronological, record of transactions

    A. Asset

    B. Journal

    C. Checkbook

    D. Ledger

  • Question 105:

    False billing scheme states that:

    A. employees do not cause their company to purchase merchandise that the company does not need.

    B. employees cause their company to sale merchandise that the company does not need.

    C. employees do not cause their company to sale merchandise that the company does not need.

    D. employees cause their company to purchase merchandise that the company does not need

  • Question 106:

    Which of the following is NOT the reason why senior management will overstate business statement?

    A. Comply with debit covenants

    B. Meet personal performance criteria

    C. Trigger performance related compensation

    D. Show a pattern of growth to support sale of a business

  • Question 107:

    Which of the following must be present for a fraud to exist?

    A. A material false statement

    B. Knowledge that the statement was false when it was uttered

    C. Reliance on the fast statement by the victim

    D. All of the above

  • Question 108:

    Which of the following are the classifications for the Corruption?

    A. Bribery, economic extortion, illegal gratuities and conflicts of interest

    B. Corruption, bribery, economic extortion, conflicts of interest

    C. Overbilling, bribery, bid-ridding and illegal gratuities

    D. economic extortion, bribery, illegal gratuities and corruption

  • Question 109:

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

    A. True

    B. False

  • Question 110:

    The fraudsters' interest lies with an employer other than a company.

    A. True

    B. False

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