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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 |
| Certificate Validity Period: | No fixed expiration (requires ongoing CPE compliance to maintain certification) |
| Passing Score: | 75% |
| Exam Duration: | 120 minutes |
| Exam Format: | Computer-based testing, Multiple choice |
| Available Languages: | English |
| Related Certifications: | Certified Fraud Examiner (CFE) |
| Real Exam Qty: | 100 (per section) |
| 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 |
|---|---|
| Financial Crimes | - Money Laundering
|
| Fraud Schemes | - Fraudulent Disbursements
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Questions Answered by PassSureExam
What does quality actually mean for these CFE-Fraud-Schemes-and-Financial-Crimes practice questions?
- Fraud Schemes ()
- Financial Crimes ()
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
_________ revenues involve the recording of sales of goods or services that did not occur.
- A. Financial revenues
- B. Fictitious or fabricated revenues
- C. Concealed revenues
- D. Red flag revenues
Correct Answer: B 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
The most basic skimming scheme occurs when:
- A. An employee buys goods or services from a stakeholder, drops the stakeholder's payment and makes record of the purchase too.
- B. An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
- C. An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
- D. An employee buys goods or services from a customer, drops the customer's payment, but makes no record of the purchase.
Correct Answer: B 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
Over two weeks, Samuel visits his financial institution multiple times and purchases bearer instruments with cash for amounts that are just under the mandatory reporting requirements for his jurisdiction. The financial institution's employees suspect that Samuel might be engaging in money laundering activity. Which of the following statements is TRUE if the jurisdiction's anti-money laundering regulations follow the Financial Action Task Force (FATF) Recommendations?
- A. The financial institution is not required to file a report of suspicious transactions with the appropriate authorities because bearer instruments were involved.
- B. The financial institution is not required to file a report of suspicious transactions related to potential criminal activity because the amounts were below reporting requirements.
- C. The financial institution is required to file a report of suspicious transactions with the appropriate authorities because the employees suspect money laundering violations.
- D. The financial institution is required to file a cash transaction report for possible criminal activity with the appropriate authorities because cash was involved.
Correct Answer: C 🗳️
Explanation: Only visible for PassSureExam members. You can sign-up / login (it's free).
To prevent expense reimbursement fraud, it is recommended that companies require employees to submit receipts electronically.
- A. True
- B. False
Correct Answer: A 🗳️
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If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referred to as:
- A. Asset receiving scheme
- B. Fraudulent purchase
- C. Falsify shipping
- D. Inventory larceny scheme
Correct Answer: B 🗳️
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