ACFE CFE Dumps - The Sure Way To Pass Exam
CFE Exam Questions (Updated 2025) 100% Real Question Answers
To be eligible for the CFE certification exam, candidates must meet specific educational and professional requirements. These include holding a bachelor's degree or equivalent, having at least two years of professional experience in a related field, and being a member of the ACFE. Once a candidate has passed the CFE exam, they must maintain their certification by meeting continuing education requirements and adhering to ethical standards set by the ACFE.
NEW QUESTION # 33
____________ is a summary of the account balances carried in a ledger.
- A. Financial statement
- B. Income statement
- C. Balance sheet
- D. General journal
Answer: A
NEW QUESTION # 34
A shell company scheme in which actual goods or services are sold to the victim company is known as:
- A. Allocation scheme
- B. Distribution scheme
- C. Maintenance scheme
- D. Pass-through scheme
Answer: D
NEW QUESTION # 35
Statistical sampling enables the examiner to predict the occurrence rate for the population and therefore determine with some accuracy the error rate, or the potential for fraud.
- A. True
- B. False
Answer: A
NEW QUESTION # 36
Entering a sales total lower than the amount actually paid by the customer is called:
- A. Underrings a sale
- B. Internal sales audits
- C. All of the above
- D. Recording a sale procedure
Answer: A
NEW QUESTION # 37
Fill in Blank
_________ is defined as a person who works for the victim organization and who is primary culprit
Answer:
Explanation:
Principal perpetrator
NEW QUESTION # 38
In Cressey's fraud triangle, its three of the legs are Opportunity, Pressure and
- A. None of the above
- B. Violation
- C. Rationalization
- D. Isolation
Answer: C
NEW QUESTION # 39
Accounting records are designed to be kept on subjective rather than objective evidence.
- A. True
- B. False
Answer: B
NEW QUESTION # 40
In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.
- A. Cash generating
- B. Sale requisition
- C. Purchase requisition
- D. Voucher handling
Answer: A
NEW QUESTION # 41
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
- A. Holographic safety inks
- B. Chrome coloring
- C. Watermark backers
- D. High-resolution sprays
Answer: C
Explanation:
Section: Investigation
NEW QUESTION # 42
___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.
- A. counterfeit checks
- B. Cash advances
- C. Payable checks
- D. Payable cash
Answer: B
NEW QUESTION # 43
________ decrease assets and expenses and/or increase liabilities and/or equity
- A. None of all
- B. Debit
- C. Credit
- D. Journal Entries
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 44
The seller's price to the buyer is not fixed or determinable when:
- A. The transaction includes an option to exchange the product for others.
- B. When the price is not contingent on some future events
- C. A service or membership fee is not subject predictable cancellation during the contract period.
- D. Payment terms are not extended for a substantial period.
Answer: A
NEW QUESTION # 45
The most basic skimming scheme occurs when:
- A. An employee buy goods or services from a customer, drop the customer's payment, but makes no record of the purchase.
- B. An employee buy goods or services from a stakeholder, drop the stakeholder's payment and makes record of the purchase too.
- C. An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
- D. An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
Answer: C
NEW QUESTION # 46
According to fraud tree, cash has three following schemes:
- A. Fraud analysis, skimming and cash misappropriations
- B. Cash larceny, cash distribution and fraudulent disbursements
- C. Cash distribution, skimming and fraud analysis
- D. Skimming, cash larceny and fraudulent disbursements
Answer: D
NEW QUESTION # 47
The most basic skimming scheme occurs when:
- A. An employee buy goods or services from a customer, drop the customer's payment, but makes no record of the purchase.
- B. An employee buy goods or services from a stakeholder, drop the stakeholder's payment and makes record of the purchase too.
- C. An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
- D. An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
Answer: C
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 48
Larceny by Fraud or deception means that:
- A. Fails to disclose a known lien, adverse claim or other legal impediment
- B. Fails to correct a false impression
- C. All of the above
- D. Creates or reinforce a false impression
Answer: C
NEW QUESTION # 49
When employee committing the fraud removes cash from the register and also the item allegedly being returned is debited back into the inventory, this refers to:
- A. Concealing register disbursement
- B. Fraudulent register occurrences
- C. Register false voids
- D. Registry destroying records
Answer: A
NEW QUESTION # 50
A variation between the physical inventory and the perpetual inventory totals is called:
- A. Write-offs
- B. Altered inventory
- C. Shrinkage
- D. Account receivable
Answer: C
NEW QUESTION # 51
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To become a Certified Fraud Examiner, one must pass the CFE Certification Exam, which is a four-part exam. CFE exam covers four main areas: Fraudulent Financial Transactions, Fraud Prevention and Deterrence, Legal Elements of Fraud, and Investigation. Each part of the exam is designed to test an individual's knowledge and understanding of specific topics related to fraud examination.
To be eligible to take the CFE exam, candidates must meet certain requirements. They must have a minimum of a bachelor's degree from an accredited institution, have at least two years of professional experience in a field related to fraud prevention or investigation, and be of high moral character. Candidates can also qualify for the exam if they have a combination of education and experience that meets the ACFE's guidelines.
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