ACFE CFE-Fraud-Schemes-and-Financial-Crimes Valid Dump : Certified Fraud Examiner -Fraud Schemes and Financial Crimes

CFE-Fraud-Schemes-and-Financial-Crimes real exams

Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes

Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes

Updated: Jun 23, 2026

Q & A: 355 Questions and Answers

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

1. Which of the following statements is TRUE regarding the prevention of inventory theft?

A) The inventory requisition form should be completed by the same person who is responsible for incoming shipments.
B) The person who is responsible for shipping inventory should also be responsible for converting inventory to scrap.
C) Shipping documents should be prenumbered and controlled.
D) The purchasing supervisor should conduct the physical inventory count.


2. When situational pressures and perceived opportunities are low and personal integrity is high, occupational fraud is much more likely to occur than when the opposite is true.

A) True
B) False


3. Which of the following statements regarding financial statement disclosures is TRUE?

A) Changes in accounting principles must be disclosed in the financial statements.
B) All information relating to the company must be disclosed in the financial statements, regardless of materiality.
C) Management must disclose potential losses from ongoing litigation even when it is unlikely that the related liability will result in a future obligation.
D) Events occurring after the close of the reporting period that might significantly affect the financial statements do not need to be disclosed.


4. The most basic skimming scheme occurs when:

A) An employee buys goods or services from a customer, drops the customer's payment, but makes no record of the purchase.
B) An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
C) An employee buys goods or services from a stakeholder, drops the stakeholder's payment and makes record of the purchase too.
D) An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.


5. When an employee processes a fictitious refund of goods for cash, which of the following consequences occurs?

A) The amount of cash in the register remains unchanged.
B) Merchandise is returned to the company's stockroom.
C) The victim company's reported inventory balance is understated.
D) The register log matches the amount of cash in the register.


Solutions:

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

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