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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Crimes | - Money Laundering
|
| Fraud Schemes | - Fraudulent Disbursements
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. A company moves its headquarters to another jurisdiction to take advantage of a lower tax rate. The company is MOST LIKELY using which of the following options?
A) A tax haven
B) A jurisdictional deduction
C) A secrecy jurisdiction
D) A tax shelter
2. Which of the following is FALSE regarding electronic payment tampering?
A) Positive pay is recommended for ACH transactions to ensure their legitimacy.
B) The lack of physical evidence makes electronic payment tampering more difficult to detect than traditional check tampering.
C) ACH blocks allow account holders to notify their banks that ACH debits should not be allowed on specific accounts.
D) The individual who makes electronic payments on behalf of the company should also set ACH filters to ensure that only designated individuals are paid.
3. Which of the following actions would balance the accounting equation to conceal the misappropriation of cash?
A) Increasing another asset
B) Creating fictitious revenue
C) Increasing owners' equity
D) Increasing a liability
4. Brad owns a failing business that sells various types of raw stone for homes. Brad decides to file for bankruptcy on behalf of the company, but one month before doing so, he transfers several expensive slabs of marble to his son's construction business at no charge. Which type of fraud scheme has Brad MOST LIKELY committed?
A) A concealed transfer
B) A planned bustout
C) A fraudulent bankruptcy
D) A fraudulent conveyance
5. Which of the following is a recommended activity that organizations should engage in to protect their proprietary information from threats?
A) Prohibiting all nonemployees from entering the organization's premises
B) Storing devices that contain sensitive data in specially constructed quiet rooms
C) Practicing data minimization to limit the information available during a data breach
D) Enlisting a company task force to identify the information security practices of competitors
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |



