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: Oct 29, 2025

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Question 1

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

Question 2

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 3

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 4

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 5

Which of the following is NOT the reason why senior management will overstate business statement?

A : mply with debit covenants

B : et personal performance criteria

C : igger performance related compensation

D : ow a pattern of growth to support sale of a business

Answer: A

Page: 1 / 38

Total 190 Questions | Updated On: Oct 29, 2025

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