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Updated: Aug 06, 2026

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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Overview:

Certification Vendor:Association of Certified Fraud Examiners (ACFE)
Exam Name:CFE Exam: Fraud Schemes and Financial Crimes
Exam Number:CFE Exam - Fraud Schemes and Financial Crimes (Section)
Real Exam Qty:100
Passing Score:75%
Related Certifications:Certified Fraud Examiner (CFE)
Exam Duration:120 minutes
Available Languages:English
Exam Price:Varies (ACFE membership + exam section fees)
Certificate Validity Period:Ongoing certification with Continuing Professional Education (CPE) requirements (no fixed expiration)
Exam Format:Multiple Choice
Recommended Training:ACFE Fraud Examination Training Courses
Exam Registration:ACFE CFE Exam Registration
Sample Questions:ACFE CFE-Fraud-Schemes-and-Financial-Crimes Sample Questions
Exam Way:Computer-based, proctored online or test center delivery depending on region
Pre Condition:Eligibility for CFE Exam typically requires qualifying education or relevant professional experience as defined by ACFE.
Official Syllabus URL:https://www.acfe.com/cfe-exam

ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

SectionObjectives
Financial Crimes- Banking and Payment Fraud
  • 1. Check and credit card fraud
    • 2. Wire fraud and electronic transfers
      - Money Laundering
      • 1. Placement, layering, integration stages
        Fraud Schemes- Financial Statement Fraud
        • 1. Revenue recognition manipulation
          • 2. Asset overstatement and liability concealment
            - Asset Misappropriation Schemes
            • 1. Billing and expense reimbursement fraud
              • 2. Skimming and cash larceny
                Fraud Investigation and Analysis- Data analysis in fraud detection
                • 1. Trend and anomaly identification
                  - Evidence collection and documentation
                  • 1. Chain of custody principles

                    ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:

                    1. Which of the following is TRUE regarding accrual-basis accounting?

                    A) Revenues are generally recognized when goods are delivered to a customer.
                    B) Expenses are recorded in the accounting system when they are paid.
                    C) Accrual-basis accounting is simpler to use than cash-basis accounting.
                    D) The accrual-basis method focuses on tracking a company's current cash flow.


                    2. Which of the following is a condition that facilitates insider cyberfraud?

                    A) Separation of duties exists in the data center.
                    B) Access privileges are restricted to assigned job functions.
                    C) Production programs are run during the business day.
                    D) Access logs are not reviewed by management.


                    3. According to Marshall, ______ are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

                    A) Assets
                    B) None of the above
                    C) Credentials
                    D) Liabilities


                    4. Kara owns a business selling rare goods. Some of the goods Kara sells are of high value, but she reports significantly lower values to the taxing authority for those transactions. Which of the following options BEST describes Kara's scheme?

                    A) Falsified tax deduction scheme
                    B) Consumption tax scheme
                    C) Tax credit scheme
                    D) Wealth tax evasion scheme


                    5. Which of the following is the MOST APPROPRIATE technique for detecting a cost mischarging scheme?

                    A) Reviewing the inspection and testing reports of questioned goods or materials
                    B) Comparing the direct and indirect labor account totals from the prior year to the current year
                    C) Inspecting questioned goods or materials by examining packaging, appearance, and description
                    D) Examining any change orders submitted by a contractor that add new items


                    Solutions:

                    Question # 1
                    Answer: A
                    Question # 2
                    Answer: D
                    Question # 3
                    Answer: A
                    Question # 4
                    Answer: B
                    Question # 5
                    Answer: B

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