ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Questions : Certified Fraud Examiner -Fraud Schemes and Financial Crimes

  • Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
  • Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
  • Updated: Jun 26, 2026
  • Q&As: 355 Questions and Answers

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ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:

1. A variation between the physical inventory and the perpetual inventory totals is called:

A) Shrinkage
B) Altered inventory
C) Account receivable
D) Write-offs


2. Which of the following statements about the different types of malware is MOST ACCURATE?

A) A Trojan horse is a program that appears useful but contains hidden code that causes damage.
B) Ransomware is software that collects and reports information about a computer user without the user's knowledge or consent.
C) A computer worm is a form of malicious software that locks a user's operating system and restricts access to data files.
D) Spyware is any software application that displays advertisements while it is operating.


3. Oona goes to an expensive restaurant for lunch while on a business trip and pays for the meal with a company credit card. She later submits an expense reimbursement claim for several expenses she paid for using a personal credit card while on the trip and includes the receipt from the lunch. Oona's scheme can BEST be characterized as:

A) An overstated expense reimbursement scheme
B) A mischaracterized expense reimbursement scheme
C) A fictitious expense reimbursement scheme
D) A multiple expense reimbursement scheme


4. ____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.

A) Fraudulent inventory slip
B) False shipping slip
C) False packing slip
D) False credit slip


5. Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's side of the transaction who is not making an illicit payment.

A) True
B) False


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: B

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