Free Practice ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions 2025

Stay ahead with 100% Free Certified Fraud Examiner - Financial Transactions and Fraud Schemes CFE-Financial-Transactions-and-Fraud-Schemes Dumps Practice Questions

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Total 190 Questions | Updated On: Jun 03, 2025

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Question 1

Which of the following method is NOT used to detect conflicts of interest?

A : Tips & Complaints

B : Review of vendor ownership files

C : Underbillings of assets

D : Interviews with purchasing personnel

Answer: C

Question 2

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

A : Comply with debit covenants

B : Meet personal performance criteria

C : Trigger performance related compensation

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

Answer: A

Question 3

Bid-rigging scheme occurs when:

A : an employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

B : an employee does not assist a vendor in winning a contract through the competitive bidding process.

C : an employee once assists a vendor in winning a contract through a single competitive bidding process.

Answer: A

Question 4

Theft of incoming checks usually occurs when ________ is (are) in charge of opening the mail and recording the receipt of payments.

A : Single employee

B : Two employees

C : More then two employees

D : None of the above

Answer: A

Question 5

The scheme which reduces victim companies to issue fraudulent payments for goods or services that they have not received is called:

A : Bogus claims

B : Billing scheme

C : Reliance billing

D : Misappropriate claims

Answer: A

Page: 1 / 38

Total 190 Questions | Updated On: Jun 03, 2025

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