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ACFE CFE-Fraud-Prevention Exam Overview:
| Certification Vendor: | ACFE |
| Exam Name: | Certified Fraud Examiner (CFE) - Fraud Prevention and Deterrence Exam |
| Exam Number: | CFE-Fraud-Prevention |
| Certificate Validity Period: | Indefinite (CFE certification maintained via CPE requirements) |
| Related Certifications: | Certified Fraud Examiner (CFE) |
| Real Exam Qty: | 100 |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Exam Price: | Varies (typically bundled within CFE exam package) |
| Exam Duration: | 120 minutes |
| Passing Score: | 75% |
| Sample Questions: | ACFE CFE-Fraud-Prevention Sample Questions |
| Exam Way: | Computer-based exam (online proctored or test center depending on region) |
| Pre Condition: | CFE certification requires membership in ACFE, completion of eligibility requirements (education and experience), and passing all four exam sections. |
| Official Syllabus URL: | https://www.acfe.com/cfe-credential |
ACFE CFE-Fraud-Prevention Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fraud Risk Management and Deterrence | 25% | - Fraud prevention strategies and programs - Monitoring and continuous improvement |
| Topic 2: Internal Controls and Fraud Prevention | 25% | - Fraud detection and prevention controls - Internal control design and effectiveness |
| Topic 3: Corporate Governance and Ethics | 25% | - Ethical culture and tone at the top - Code of conduct and compliance programs |
| Topic 4: Fraud Prevention Framework | 25% | - Fraud risk governance and oversight - Fraud risk assessment processes |
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
1. Which of the following is included in the G20/OECD Principles of Corporate Governance?
A) An examination of the importance of effectively designed and implemented internal control mechanisms within an organization
B) Guidance regarding appropriate board structures, responsibilities, and procedures
C) A call to support the equal treatment of all members of an organization's governing body
D) A requirement for corporations to establish a legal, regulatory, and institutional framework to support good governance practices
2. According to the differential reinforcement theory, behavior is weakened when positive rewards are gained or punishment is avoided.
A) False
B) True
3. An organization wants to identify unusual transactions automatically across millions of records.
Which approach is MOST effective?
A) Random interviews only
B) Manual review of every transaction
C) Annual employee surveys
D) Data analytics and continuous monitoring
4. Aqua Corp.'s board of directors is meeting to discuss fraud risk management within the organization. Which of the following activities is among the board of directors' primary responsibilities related to fraud risk management for the company?
A) Monitoring and proactively improving the fraud risk management program.
B) Implementing the fraud risk management program throughout the organization.
C) Overseeing the organization's fraud risk management activities.
D) Performing and regularly updating the fraud risk assessment.
5. According to the Committee of Sponsoring Organizations of the Treadway Commission (COSO).________Is "a process. effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."
A) Internal control
B) Fraud risk management
C) Financial reporting
D) Operational risk assessment
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |
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