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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Corruption Schemes | 5–10% | - Illegal gratuities and extortion - Bribery and kickbacks - Conflicts of interest |
| Topic 2: Asset Misappropriation – Cash Disbursements | 10–15% | - Check and payment tampering - Billing schemes - Expense reimbursement schemes - Payroll schemes |
| Topic 3: Theft of Data and Intellectual Property | 5–10% | - Safeguarding proprietary information - Data and IP theft methods - Corporate espionage |
| Topic 4: Asset Misappropriation – Cash Receipts | 5–10% | - Cash skimming schemes - Cash larceny schemes - Prevention and detection methods |
| Topic 5: Asset Misappropriation – Non-Cash Assets | 5–10% | - Concealment techniques - Misuse of assets - Inventory and equipment theft |
| Topic 6: Financial Statement Fraud | 10–15% | - Expense and liability understatements - Timing and disclosure manipulations - Detection and red flags - Revenue and asset overstatements |
| Topic 7: Industry-Specific Financial Crimes | 15–25% | - Cyber-enabled and cryptocurrency fraud - Healthcare fraud - Real estate and securities fraud - Financial institution fraud - Insurance fraud |
| Topic 8: Identity Theft | 1–5% | - Prevention and detection - Types and techniques |
| Topic 9: Accounting Concepts | 5–10% | - Basic accounting principles - Internal control fundamentals - Recording and summarizing transactions - Financial statements structure |
Which of the following search is used for unusually high incidence of returns and allowances scheme?
Correct Answer: D 🗳️
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Which of the following methods is NOT used to detect conflicts of interest?
Correct Answer: A 🗳️
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__________ means that traditional bribery statutes proscribe only payments made to influence the decisions of government agents or employees.
Reveal Solution Discussion 0Correct Answer:
Commercial bribery
* Rationale for Correct Answer: Traditional bribery laws historically applied only to government officials . When bribery occurs in the private sector (commercial setting), it is known as commercial bribery . Modern laws and internal company codes address this as well.
* Key Concept: Commercial bribery vs. government bribery.
Reference: ACFE Fraud Examiners Manual (2020 International Edition) , Corruption - Commercial Bribery .
A fictitious revenue scheme often results in which of the following situations?
Correct Answer: D 🗳️
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When an employee processes a fictitious refund of goods for cash, which of the following consequences occurs?
Correct Answer: A 🗳️
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