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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
| Topic 1: Fraud Investigation and Analysis | - Evidence collection and documentation
- 1. Chain of custody principles
- Data analysis in fraud detection
- 1. Trend and anomaly identification
|
| Topic 2: Financial Crimes | - Money Laundering
- 1. Placement, layering, integration stages
- Banking and Payment Fraud
- 1. Wire fraud and electronic transfers
- 2. Check and credit card fraud
|
| Topic 3: 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
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
__________ may be defined as the offering, giving, receiving, or soliciting anything of value to influence an official act.
- A. Corruption
- B. Lacking approval authority
- C. Diverting business to vendors
- D. Bribery
Answer: D
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The behavior profile of employees who are involved in bribery schemes may include:
- A. Gambling habit
- B. All of the above
- C. Extravagant lifestyle
- D. Drug and/or alcohol addiction
Answer: B
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According to a survey, in principal perpetrator cases, males were the primary culprit in a majority of cases, accounting for ___ percent of frauds versus ___ percent for females.
- A. None of the above
- B. 62 versus 36
- C. 62 versus 37
- D. 61 versus 39
Answer: C
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Which of the following is FALSE concerning methods that corporate spies generally use to steal information from other organizations?
- A. Spies often gain direct access to a target company by obtaining employment as a security officer or a member of the maintenance staff.
- B. Spies primarily use social engineering to search for confidential information on employee desks or workstations at the target company.
- C. Spies often create counterfeit employee badges to gain entry into a target company.
- D. Spies use technical surveillance to obtain nondocumentary information about target companies that cannot be found through open sources.
Answer: B
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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 purchasing and receiving scheme
- C. A false sale scheme
- D. A register disbursement scheme
Answer: B
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