ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Topics - You’ll Be Tested in Actual Exam
Expect the exam to push you past labels and into pattern recognition. You are constantly deciding what the scheme is, how it works in the real world, and what facts would prove or disprove it. Asset misappropriation and internal fraud sit at the center because they show up in everyday operations, so you need to think like a thief who also understands basic controls, documentation, and how insiders exploit trust. From there, corruption and bribery questions often feel slippery because the conduct hides inside normal business relationships, so you have to spot conflicts, improper influence, and the quiet ways value changes hands. Financial statement fraud is less about memorizing ratios and more about motive, pressure, and the specific tricks used to overstate performance or hide losses, often by bending revenue timing or masking expenses so the story looks clean. Payment crimes and other fraudulent transactions tie these threads together, since bad disbursements, altered payee details, and fabricated vendors can be both the method and the cover. Money laundering shows up as the next step when proceeds need to be moved, layered, or blended back into legitimate activity, and the exam expects you to recognize how ordinary transfers can become criminal when the intent is concealment. What trips people up is treating each scheme as isolated, when the same case can move from internal theft to falsified records to laundering. As you study, keep asking what the fraudster needs next and what trace that need leaves behind.
ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Short Quiz
Attempt this ACFE CFE-Fraud-Schemes-and-Financial-Crimes exam quiz to self-assess your preparation for the actual ACFE Certified Fraud Examiner - Fraud Schemes and Financial Crimes exam. CertBoosters also provides premium ACFE CFE-Fraud-Schemes-and-Financial-Crimes exam questions to pass the ACFE Certified Fraud Examiner - Fraud Schemes and Financial Crimes exam in the shortest possible time. Be sure to try our free practice exam software for the ACFE CFE-Fraud-Schemes-and-Financial-Crimes exam.
Which of the following is the MOST ACCURATE statement about the different types of malware?
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ASpyware is a software program with instructions executed every time a computer is turned on.
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BA Trojan horse is a hidden program that displays advertisements while the computer is operating.
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CA computer worm is a program that appears useful but monitors and logs keystrokes.
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DRansomware is malicious software that locks the operating system and restricts access to data files.
ACFECFE-Fraud-Schemes-and-Financial-Crimes
Q2:
Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is, the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.
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ATrue
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BFalse
ACFECFE-Fraud-Schemes-and-Financial-Crimes
Q3:
Which of the following is NOT a measure that is commonly taken by fraudsters during account takeover schemes?
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APlacing orders for products or transferring funds from the overtaken accounts
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BEnsuring that the contact information for the overtaken account remains the same to avoid alerting the true account holder
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CUsing log-in credentials that have been stolen from one account to attempt to gain access to other payment accounts
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DObtaining email addresses and other account log-in information by sending phishing emails
ACFECFE-Fraud-Schemes-and-Financial-Crimes
Q4:
Mario performs surgery on a patient to replace a bone. The surgery should be billed using one code, but Mario bills the surgery using three codes (one for the entire surgery, one for the removal of the bone, and another for the insertion of the artificial bone), which increases the cost. Which of the following BEST describes Mario's scheme?
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AFictitious services
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BFalse diagnosis
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CUpcoding
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DUnbundling
ACFECFE-Fraud-Schemes-and-Financial-Crimes
Q5:
Which of the following is an example of a cash larceny scheme?
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APaul sold insurance policies to individuals but never filed the policies with the insurance company. He then stole the customers' payments, which he was able to do because the insurance company did not know the policies existed.
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BEmily is an accounts receivable clerk. She stole Customer A's monthly payment. When Customer B's payment arrived, she applied it to Customer A's account. When Customer C's payment arrived, she applied it to Customer B's account.
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CSarah returned a $250 mirror to the store. Jenna, the cashier, recorded a $350 return on the cash register and kept the remaining $100.
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DMark, a cashier, knew the access code for Joe's cash register. He logged in as Joe and processed transactions as usual. He then took $50 from the register at the end of his shift.
