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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Financial Crimes | - Corruption Schemes
- 1. Kickbacks
- 2. Conflicts of interest
- 3. Bribery
- Financial Statement Fraud
- 1. Revenue manipulation
- 2. Asset overstatement
- 3. Expense understatement
- Money Laundering
- 1. Layering stage
- 2. Integration stage
- 3. Placement stage
|
| Topic 2: Fraud Schemes | - Asset Misappropriation Schemes
- 1. Inventory and asset theft
- 2. Expense reimbursement fraud
- 3. Payroll fraud
- 4. Cash theft and skimming
- Fraudulent Disbursements
- 1. Check tampering
- 2. Billing schemes
- 3. Billing shell companies
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. In accordance with the accounting equation, which of the following actions would conceal the fraudulent removal of a liability from the books?
A) Creating a fictitious expense
B) Increasing an asset
C) Increasing another liability
D) Decreasing owners' equity
2. Which of the following is NOT a medium that commonly causes an organization's proprietary information to be compromised?
A) Reports to company shareholders
B) Documents that were shredded using a cross-cut shredder
C) Information displayed at an employee's workstation
D) Speeches made by executives
3. Aja is implementing measures to help ABC Company detect signs that its proprietary information has been stolen. Which of the following practices would be MOST HELPFUL for Aja to implement?
A) Identify any employees leaving the company who have downloaded an unusually large number of data files.
B) Assess how frequently employees are accessing the data that they have been provided permission to access.
C) Monitor competitor websites to determine product release dates and how often new products are launched.
D) Conduct regular online searches for competitor financial information that indicates abnormal success.
4. Jay works in the warehouse of a retail company. When a shipment of 100 pieces of jewelry arrives, Jay hides
20 pieces in the waste containers behind the store so he can retrieve them at the end of the workday. Jay sends a receiving report to accounts payable indicating that all 100 pieces arrived. However, he alters a copy of the receiving report to exclude the 20 pieces he hid so that the physical inventory matches the inventory records.
What type of scheme did Jay commit?
A) A skimming scheme
B) A false sale scheme
C) A purchasing and receiving scheme
D) A register disbursement scheme
5. __________ inventory and other assets is a relatively common way for fraudsters to remove assets from the books before or after they are stolen.
A) Altered
B) Write-offs
C) False shipping slip
D) Perpetual
Solutions:
Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |