ACFE CFE-Fraud-Schemes-and-Financial-Crimes Q&A - in .pdf

  • CFE-Fraud-Schemes-and-Financial-Crimes pdf
  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Jun 24, 2026
  • Q & A: 355 Questions and Answers
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  • Q & A: 355 Questions and Answers
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  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Jun 24, 2026
  • Q & A: 355 Questions and Answers
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ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:

1. Which of the following statements about competitive intelligence is CORRECT?

A) Competitive intelligence is considered a legitimate business function.
B) Competitive intelligence and corporate espionage describe identical practices.
C) Competitive intelligence refers to government-sanctioned activities conducted to collect protected information from a foreign government.
D) Competitive intelligence involves the use of illegal, covert means to acquire information for commercial purposes.


2. How many accounts are affected in fraudulent accounting entries and therefore the same number of categories on the financial statement?

A) None of above
B) At least two
C) More than two
D) One


3. Which of the following are not basic types of non-sharable problems?

A) Physical isolation
B) Larceny by fraud
C) Business reversals
D) Violation of ascribed obligations


4. Margarette sends a text message to Arlo that appears to come from Arlo's doctor's office asking him to make a payment on an overdue bill. When Arlo clicks on the payment link, it takes him to a payment portal that Margarette controls, and she is able to steal his credit card information. Margarette has perpetrated which of the following schemes?

A) Pharming
B) Vishing
C) Smishing
D) Quishing


5. Which of the following employee behaviors could be considered a red flag of a corruption scheme?

A) An employee demonstrates a low success rate in markets where competitors are known for engaging in bribery.
B) An employee avoids asserting authority in areas where they are not responsible for decision-making.
C) An employee exhibits an overly friendly social relationship with a third-party contractor.
D) An employee has a history of submitting multiple conflict of interest forms to their Human Resources Department.


Solutions:

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

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