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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Overview:
| Certification Vendor: | Association of Certified Fraud Examiners (ACFE) |
|---|---|
| Exam Name: | Certified Fraud Examiner (CFE) Exam – Fraud Schemes and Financial Crimes |
| Exam Number: | CFE-FSFC |
| Passing Score: | 75% |
| Exam Format: | Multiple choice, Computer-based testing |
| Certificate Validity Period: | No fixed expiration (requires ongoing CPE compliance to maintain certification) |
| Related Certifications: | Certified Fraud Examiner (CFE) |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Real Exam Qty: | 100 (per section) |
| Sample Questions: | ACFE CFE-Fraud-Schemes-and-Financial-Crimes Sample Questions |
| Exam Way: | Computer-based, available via online proctoring or authorized testing centers |
| Pre Condition: | Eligibility typically requires either a combination of education (bachelor's degree or equivalent) and fraud-related professional experience (commonly 2 years), plus ACFE membership and passing all four CFE exam sections. |
| Official Syllabus URL: | https://www.acfe.com |
ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Fraud Schemes | - Asset Misappropriation Schemes
|
| Topic 2: Financial Crimes | - Financial Statement Fraud
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
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. Misrepresentations fraud
- D. Fictitious claims fraud
Correct Answer: B 🗳️
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Which of the following statements is TRUE regarding income statements?
- A. A company's operating expenses are usually listed as the first line item.
- B. Gross profit is the difference between net sales and cost of goods sold.
- C. Net profit is a company's earnings before operating expenses have been deducted.
- D. Gross revenue is the total amount of sales after deductions are applied.
Correct Answer: B 🗳️
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When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:
- A. Submission scheme
- B. Need recognition scheme
- C. False sole-source scheme
- D. Presolicitation scheme
Correct Answer: B 🗳️
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Bob, a purchasing agent for Gallenkamp, directed a portion of Gallenkamp's business to Oak Company. In exchange for receiving additional business, Oak Company's sales manager agreed to pay Bob a percentage of the extra profits. Which of the following BEST describes the type of corruption scheme in which Bob engaged?
- A. Diversion scheme
- B. Economic extortion scheme
- C. Kickback scheme
- D. Illegal gratuity scheme
Correct Answer: C 🗳️
Explanation: Only visible for SurePassExams members. You can sign-up / login (it's free).
The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a willing seller is called:
- A. Material value
- B. Cost value
- C. Fair value
- D. Absolute value
Correct Answer: C 🗳️
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By Carr
