Free ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions

Become ACFE Certified with updated CFE-Fraud-Prevention-and-Deterrence exam questions and correct answers

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Total 360 Questions | Updated On: Jun 16, 2026

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Question 1

Which one of the following statements is true about radio frequency identification (RFID)?

A : An active RFID tag does not require a power source

B : Normally passive RFID tags store ID numbers

C : A passive RFID tag does not use an antenna

D : RFID tags require laser scanning.

Answer: B

Question 2

Which of the following Is TRUE regarding the reporting of the fraud risk assessment results?

A : The fraud risk assessment report should be delivered in a style most suited to the language of the business

B : The fraud risk assessment report should contain a detailed, comprehensive list of every assessment finding

C : A fraud risk assessment report should reflect the assessment team's subjective perspective regarding the risks identified

D : All of the above

Answer: A

Question 3

An effective system of anti-fraud controls

A : Fully eliminates the risk of fraud

B : Focuses more on detective controls than preventive controls

C : Focuses more on preventive controls than detective controls

D : Increases the perception that fraud will be detected

Answer: C

Question 4

Which of the following is a best practice when assembling a fraud risk assessment team?

A : Team members should all have similar skills and perspectives.

B : The size of the team should be limited to four individuals.

C : The team should include only external sources.

D : Team members should have experience in eliciting information.

Answer: D

Question 5