ACFE : CFE-Fraud-Schemes-and-Financial-Crimes Questions & Answers

Last Updated: Nov 12, 2026

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Difficulties met while reviewing deserve a margin note. The ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes PDF from ActualTorrent lets you annotate 355 practice questions, catching every misunderstanding on paper in 2026.

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

SectionObjectives
Financial Crimes- Money Laundering
  • 1. Placement, layering, integration stages
    - Banking and Payment Fraud
    • 1. Check and credit card fraud
      • 2. Wire fraud and electronic transfers
        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

                    CFE-Fraud-Schemes-and-Financial-Crimes Exam — Answers to Common Questions

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                    Official courses and our practice set complement each other: learn the theory there, then pressure-test it with the 355 practice questions for the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes.

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                    The ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes blueprint covers 3 domains — including Fraud Investigation and Analysis, Fraud Schemes, Financial Crimes. Treat the weightings as your study budget: heavy domains get heavy hours. The complete outline above lists every subtopic.

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                    The ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes is ACFE's exam for the Certified Fraud Examiner (CFE) certification, at the Professional level — formal proof of professional ability that employers can verify. Related credentials include Certified Fraud Examiner (CFE).

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

                    Question #1

                    Ada uses her mother's government identification card to impersonate her mother and obtain health care for herself under her mother's insurance benefits. Which type of patient health care fraud scheme is Ada MOST LIKELY committing?

                    • A. Multiple claims fraud
                    • B. Third-party fraud
                    • C. Fictitious claims fraud
                    • D. Misrepresentations fraud
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

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

                    Question #2

                    Which of the following signs is MOST LIKELY to indicate that a third-party vendor or contractor is engaging in a corruption scheme?

                    • A. The third party requests that payment be sent to a different country from where it conducts business.
                    • B. The third party is consistently awarded contracts based on a reputation for providing higher quality services than its competitors.
                    • C. The third party charges lower-than-average prices for the goods and services it offers to customers.
                    • D. The third party provides contact information that contains a single address and a telephone number.
                    Reveal Solution  Discussion  0

                    Correct Answer: A  🗳️

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                    Question #3

                    Which of the following is the MOST APPROPRIATE technique for detecting a cost mischarging scheme?

                    • A. Examining any change orders submitted by a contractor that add new items
                    • B. Reviewing the inspection and testing reports of questioned goods or materials
                    • C. Comparing the direct and indirect labor account totals from the prior year to the current year
                    • D. Inspecting questioned goods or materials by examining packaging, appearance, and description
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

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

                    Question #4

                    Which of the following is not a skimming scheme?

                    • A. Unrecorded sales
                    • B. Theft of checks through the mail
                    • C. Understated sales and receivables
                    • D. Fraud & Cost
                    Reveal Solution  Discussion  0

                    Correct Answer: D  🗳️

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                    Question #5

                    The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

                    • A. Occupational frauds
                    • B. Internal audits
                    • C. Recorded sales
                    • D. Employee theft
                    Reveal Solution  Discussion  0

                    Correct Answer: D  🗳️

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