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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
| Financial Crimes | - Corruption Schemes
- 1. Conflicts of interest
- 2. Bribery
- 3. Kickbacks
- Money Laundering
- 1. Layering stage
- 2. Integration stage
- 3. Placement stage
- Financial Statement Fraud
- 1. Expense understatement
- 2. Asset overstatement
- 3. Revenue manipulation
|
| Fraud Schemes | - Asset Misappropriation Schemes
- 1. Payroll fraud
- 2. Expense reimbursement fraud
- 3. Cash theft and skimming
- 4. Inventory and asset theft
- Fraudulent Disbursements
- 1. Billing shell companies
- 2. Check tampering
- 3. Billing schemes
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. Which of the following would be helpful in detecting a cash larceny scheme?
A) Prohibiting employees from performing the duties of an absent employee
B) Having the accounts receivable clerk prepare the bank deposit
C) Requiring cashiers to perform cash counts of their own cash registers at the end of each shift
D) Reconciling cash register totals to the amount of cash in the register drawer
2. A client contacts Emma, a Certified Fraud Examiner (CFE), and explains that they prepaid a commission to a broker for help with obtaining a loan. However, after sending the payment for services, the client did not receive a response from the broker and is unable to contact them. This type of fraud is known as a(n):
A) Split deposit scheme
B) Advance-fee scheme
C) Scavenger scheme
D) Bait and switch scheme
3. Revenue is recognized when it is:
A) Realized and Evidenced
B) Fictitious and Earned
C) Realized and Earned
D) All of the above
4. A method for gaining unauthorized access to a computer system whereby the attacker deceives victims into disclosing personal information or convinces them to commit acts that facilitate the attacker's intended scheme is known as:
A) Social engineering
B) Packet sniffing
C) Electronic piggybacking
D) IP spoofing
5. _____________ involves purposeful misreporting of financial information about the organization that is intended to mislead those who read it.
A) Fraudulent statement
B) Asset misappropriations
C) None of the above
D) Corruption
Solutions:
Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A |