Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions

Become ACFE Certified with updated CFE-Financial-Transactions-and-Fraud-Schemes exam questions and correct answers

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Total 190 Questions | Updated On: Dec 18, 2025

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Question 1

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

A : gus claims

B : lling scheme

C : liance billing

D : appropriate claims

Answer: A

Question 2

A voucher is:

A : file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered

B : figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

C : report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

D : mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

Answer: A

Question 3

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

A : ngle employee

B : o employees

C : re then two employees

D : ne of the above

Answer: A

Question 4

____________ is a summary of the account balances carried in a ledger.

A : lance sheet

B : come statement

C : nancial statement

D : neral journal

Answer: C

Question 5

Bid-rigging scheme occurs when:

A : employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

B : employee does not assist a vendor in winning a contract through the competitive bidding process.

C : employee once assists a vendor in winning a contract through a single competitive bidding process.

Answer: A

Page: 1 / 38

Total 190 Questions | Updated On: Dec 18, 2025

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