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: Jul 29, 2025

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Question 1

__________ is required if and when officers, executives or other persons in trusted positions become subjects of a criminal indictment.

A : nflict of interest

B : rnaround sale or flip

C : closure

D : ource diversion

Answer: C

Question 2

If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

A : ventory larceny scheme

B : et receiving scheme

C : audulent purchase

D : lsify shipping

Answer: A

Question 3

Bank statement are diligently reviewed to ensure that amounts and signature have not been altered, is an activity for:

A : count analysis

B : nk reconciliation

C : eck disbursement controls

D : eck tampering

Answer: C

Question 4

Which of the following method is NOT used to detect conflicts of interest?

A : ps & Complaints

B : view of vendor ownership files

C : derbillings of assets

D : terviews with purchasing personnel

Answer: C

Question 5

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

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Total 190 Questions | Updated On: Jul 29, 2025

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