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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions

Exam Name: Certified Fraud Examiner - Financial Transactions and Fraud Schemes
Exam Code: CFE-Financial-Transactions-and-Fraud-Schemes
Related Certification(s): ACFE Certified Fraud Examiner CFE Certification
Certification Provider: ACFE
Number of CFE-Financial-Transactions-and-Fraud-Schemes practice questions in our database: 186 (updated: Apr. 16, 2025)
Expected CFE-Financial-Transactions-and-Fraud-Schemes Exam Topics, as suggested by ACFE :
  • Topic 1: Financial Transactions and Fraud Schemes: This section measures the skills of Fraud Examiners and covers foundational accounting concepts, financial statement fraud schemes, asset misappropriation (cash receipts, disbursements, inventory), corruption, data theft, identity theft, and sector-specific fraud (financial institutions, payment, insurance, healthcare, consumer, cyber, contract/procurement). Topics include accounting frameworks, fraud detection methods, and prevention strategies across various transactional contexts.
  • Topic 2: Law: This section evaluates the knowledge of Auditors regarding legal systems, fraud-related laws, bankruptcy fraud, securities fraud, money laundering, tax fraud, individual rights during investigations, criminal and civil proceedings, evidence principles, and expert testimony. Key areas include legal frameworks, prosecution processes, anti-money laundering regulations, and compliance with data privacy laws like GDPR.
  • Topic 3: Investigation: This section assesses Fraud Examiners on planning and conducting fraud examinations, evidence collection, interview techniques (including suspect interrogations), covert operations, information sourcing, data analysis, digital forensics, asset tracing, and report writing. Emphasis is placed on legal compliance, behavioral analysis, and leveraging technology for evidence gathering and analysis.
  • Topic 4: Fraud Prevention and Deterrence: This section measures Auditors’ understanding of criminal behavior theories, white-collar crime dynamics, corporate governance, management’s fraud-related responsibilities, fraud risk assessments, ethics, and anti-fraud programs. Topics include internal controls, COSO frameworks, fraud risk management, ethical standards for examiners, and strategies to foster an organizational anti-fraud culture.
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Marylin

18 days ago
Passed the Financial Transactions exam! Pass4Success's materials were crucial for my success.
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Gregg

2 months ago
CFE certification in the bag! Thanks Pass4Success for helping me prepare efficiently.
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Sueann

3 months ago
Successfully completed the ACFE exam! Pass4Success's questions were incredibly similar to the real thing.
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Malcolm

3 months ago
I passed the ACFE exam, and the Pass4Success practice questions were a big help. One question that stumped me was about fraud prevention. It asked how to design an effective internal control system to prevent asset misappropriation. I wasn't entirely sure, but I made it through.
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Jade

3 months ago
Certified Fraud Examiner now! Pass4Success made the exam prep process so much easier.
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Bulah

4 months ago
Passed my CFE exam with flying colors! Grateful for Pass4Success's relevant study materials.
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Wenona

4 months ago
Excited to share that I passed the ACFE exam! The Pass4Success practice questions were invaluable. One challenging question was about the legal aspects of fraud. It asked how the Foreign Corrupt Practices Act affects international business operations. I wasn't sure of the specifics, but I passed.
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Franklyn

5 months ago
I successfully passed the ACFE exam, thanks to Pass4Success practice questions. One question that caught me off guard was about the investigation process. It asked which digital forensics tools are most effective in uncovering electronic evidence. I wasn't confident, but I still passed.
upvoted 0 times
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Gladys

5 months ago
ACFE certification achieved! Pass4Success's exam questions were a lifesaver for last-minute prep.
upvoted 0 times
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Elliott

5 months ago
Thrilled to have passed the ACFE exam! The Pass4Success practice questions were essential. There was a tough question on financial transactions, specifically about the red flags of money laundering. It asked how to identify suspicious transactions in a bank statement. I wasn't entirely sure, but I passed.
upvoted 0 times
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Lai

6 months ago
I passed the ACFE exam, and the Pass4Success practice questions were a great help. One question that puzzled me was about fraud prevention and deterrence. It asked how implementing a whistleblower hotline can reduce fraud risk. I wasn't sure of the best practices, but I managed to pass.
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Lashawn

6 months ago
Happy to announce I passed the ACFE exam! The Pass4Success practice questions were spot on. One challenging question was about the legal implications of fraud. It asked how the Sarbanes-Oxley Act impacts corporate governance. I wasn't confident in my answer, but I still succeeded.
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Clay

7 months ago
Aced the Financial Transactions and Fraud Schemes exam! Pass4Success really helped me prepare quickly.
upvoted 0 times
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Amber

7 months ago
Just cleared the ACFE exam! The Pass4Success practice questions were a lifesaver. There was a tricky question on the investigation section, specifically about the steps involved in conducting a fraud interview. It asked which techniques are most effective in eliciting truthful responses from suspects. I wasn't entirely sure, but I made it through.
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Aileen

7 months ago
Successfully passed the CFE exam! Grateful for Pass4Success's comprehensive question bank. Final tip: Review case studies of major fraud schemes for practical application of concepts.
upvoted 0 times
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Allene

7 months ago
I recently passed the ACFE Certified Fraud Examiner exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the different types of financial statement fraud. It asked how overstating revenue could be detected through analytical procedures. Despite my uncertainty, I still managed to pass.
upvoted 0 times
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Florinda

8 months ago
Just passed the ACFE Certified Fraud Examiner exam! Thanks to Pass4Success for the spot-on practice questions.
upvoted 0 times
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Ora

8 months ago
Passing the ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes exam was a great accomplishment for me, and I attribute my success to the valuable practice questions provided by Pass4Success. The exam covered topics such as fraud schemes, internal controls, and fraudulent financial transactions in accounting records. One question that I remember struggling with was related to the red flags that indicate potential fraudulent financial transactions. Despite my uncertainty, I managed to pass the exam.
upvoted 0 times
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Simona

9 months ago
My experience taking the ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes exam was challenging yet rewarding. With the assistance of Pass4Success practice questions, I was able to successfully demonstrate my understanding of fraud schemes, internal controls, and fraudulent financial transactions. One question that I found particularly tricky was about the different methods used to detect fraudulent financial transactions in accounting records. Despite my uncertainty, I passed the exam.
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Beula

10 months ago
Just passed the ACFE CFE exam! A key topic was financial statement fraud. Expect questions on identifying red flags in financial ratios. Study common manipulation techniques and their impact on financial statements. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
upvoted 0 times
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Mozell

10 months ago
I recently passed the ACFE Certified Fraud Examiner - Financial Transactions and Fraud Schemes exam with the help of Pass4Success practice questions. The exam tested my knowledge of fraud schemes, internal controls to deter fraud, and types of fraudulent financial transactions incurred in accounting records. One question that stood out to me was related to the types of internal controls that can be implemented to prevent fraudulent financial transactions. Despite being unsure of the answer, I managed to pass the exam.
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Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Actual Questions

Note: Premium Questions for CFE-Financial-Transactions-and-Fraud-Schemes were last updated On Apr. 16, 2025 (see below)

Question #1

The act of an official or fiduciary person who unlawfully and wrongfully uses his station or character to procure some benefit, contrary to duty and rights of others is called:

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Correct Answer: B

Question #2

Which of the following search is used for unusually high incidence of returns and allowances scheme?

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Correct Answer: C

Question #3

Undisclosed payments made by vendors to employees of purchasing companies are referred to as:

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Correct Answer: B

Question #4

A journal in which all sales made on credit or cash are listed is:

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Correct Answer: B

Question #5

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

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Correct Answer: B

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