Free Practice ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions 2026

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: May 24, 2026

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Question 1

___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

A : Payable cash

B : Cash advances

C : counterfeit checks

D : Payable checks

Answer: B

Question 2

The principal way to detect omitted credits from books of account is through:

A : Forced Balance

B : Trend analysis

C : Expense account

D : None of all

Answer: B

Question 3

____________ is a summary of the account balances carried in a ledger.

A : Balance sheet

B : Income statement

C : Financial statement

D : General journal

Answer: C

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

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

Page: 1 / 38

Total 190 Questions | Updated On: May 24, 2026

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