[Jan-2025] The Best ACFE Certification CFE Professional Exam Questions
Try 100% Updated CFE Exam Questions [2025]
ACFE CFE certification is highly regarded in the industry and is recognized by employers, government agencies, and law enforcement organizations worldwide. Certified Fraud Examiner certification signifies that the holder has a deep understanding of fraud prevention and detection techniques, as well as the ability to investigate and analyze financial data. The CFE credential is particularly beneficial for professionals in the fields of accounting, auditing, law enforcement, and risk management, as it provides them with the necessary knowledge and skills to effectively combat fraud in their respective organizations.
NEW QUESTION # 42
A scheme is classified as a Conflict of interest:
- A. when a purchaser must have some kind of ownership or employment interest in the vendor submitting the purchase.
- B. when an employee must have some kind of ownership or employment interest in the vendor submitting the invoice.
- C. when a salesman must have some kind of ownership or employment interest in the vendor submitting the sales.
- D. when a dealer must have some kind of dealership interest in the vendor submitting the stock.
Answer: B
NEW QUESTION # 43
Which of the following is NOT the example of bribery prevention policies?
- A. Business meetings
- B. Reporting gifts
- C. Discounts
- D. Resource diversions
Answer: D
NEW QUESTION # 44
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
- A. Payable check scheme
- B. Endorse check scheme
- C. Legitimate check scheme
- D. Concealed check scheme
Answer: D
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 45
The principle behind full disclosure is:
- A. Any material deviation from GAAP must be explained to writer of the financial information.
- B. None of above
- C. Any material deviation from GAAP must be explained to the reader of the financial information.
- D. Any material deviation from SAS must be explained to the writer oh the financial information.
Answer: C
NEW QUESTION # 46
Which of the following is NOT the example of bribery prevention policies?
- A. Business meetings
- B. Reporting gifts
- C. Discounts
- D. Resource diversions
Answer: D
NEW QUESTION # 47
__________ can be defined as conduct detrimental to the organization and to the employee.
- A. All of the above
- B. Employee theft
- C. Employee deviance
- D. Employee fraud
Answer: C
NEW QUESTION # 48
Which of the following must be present for a fraud to exist?
- A. Knowledge that the statement was false when it was uttered
- B. All of the above
- C. Reliance on the fast statement by the victim
- D. A material false statement
Answer: B
NEW QUESTION # 49
A running count that records how much inventory should be on hand is referred to:
- A. Altered inventory
- B. Shrinking inventory
- C. Fictitious inventory
- D. Perpetual inventory
Answer: D
NEW QUESTION # 50
A __________ is a day-by-day, or chronological, record of transactions
- A. Journal
- B. Checkbook
- C. Asset
- D. Ledger
Answer: A
NEW QUESTION # 51
The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.
- A. Internal audits
- B. Employee theft
- C. Occupational frauds
- D. Recorded sales
Answer: B
Explanation:
Section: Financial Transactions and Fraud Schemes
NEW QUESTION # 52
___________ is to allow the owner, investors, creditors and others with an interest to know the appropriate book worth of the business at a particular date.
- A. Income statement
- B. Financial record
- C. Equity
- D. Balance sheet
Answer: D
NEW QUESTION # 53
CORRECT TEXT
One of the simplest ways to justify unacceptable conduct and avoid guilt feelings is to invent a good reason for ________.
Answer:
Explanation:
Pending
NEW QUESTION # 54
____________ is a process by which a bookkeeper records all transactions and can adjust the books.
- A. Financial statement
- B. Journal Entries
- C. None of all
- D. Accounting Cycle
Answer: B
NEW QUESTION # 55
Any expenses that are incurred but not paid by the end of the year are counted in our records of profit and loss, are called:
- A. Financial record
- B. Accruals
- C. Expenses
- D. Depreciations
Answer: B
NEW QUESTION # 56
Undisclosed payments made by vendors to employees of purchasing companies are referred to as:
- A. Kickbacks
- B. Bid-rigging
- C. Presolicitaion
- D. None of the above
Answer: A
Explanation:
Section: Fraud Prevention and Deterrence
NEW QUESTION # 57
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ACFE CFE (Certified Fraud Examiner) Certification Exam is a globally recognized certification exam that demonstrates an individual’s expertise in the field of fraud detection, investigation, and prevention. Certified Fraud Examiner certification is designed for professionals who work in the anti-fraud industry, such as fraud investigators, auditors, law enforcement officers, and lawyers.
ACFE CFE (Certified Fraud Examiner) Exam is a professional certification that is designed to help individuals become experts in the field of fraud examination. Certified Fraud Examiner certification is offered by the Association of Certified Fraud Examiners (ACFE), which is the world's largest anti-fraud organization. The ACFE CFE Exam is a globally recognized certification that validates an individual's expertise in detecting and preventing fraud.
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