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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:

SectionObjectives
Fraud Schemes- Financial Statement Fraud
  • 1. Asset overstatement and liability concealment
    • 2. Revenue recognition manipulation
      - Asset Misappropriation Schemes
      • 1. Billing and expense reimbursement fraud
        • 2. Skimming and cash larceny
          Financial Crimes- Banking and Payment Fraud
          • 1. Wire fraud and electronic transfers
            • 2. Check and credit card fraud
              - Money Laundering
              • 1. Placement, layering, integration stages
                Fraud Investigation and Analysis- Data analysis in fraud detection
                • 1. Trend and anomaly identification
                  - Evidence collection and documentation
                  • 1. Chain of custody principles

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

                    Question #1

                    Which of the following offender types are people who take the money and run away?

                    • A. None of the above
                    • B. Offender types
                    • C. Absconders
                    • D. Long-term violators
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

                    Explanation: Only visible for ActualTestsQuiz members. You can sign-up / login (it's free).

                    Question #2

                    Georgina works for TAK Intelligence, a competitive intelligence firm. She is tasked with gathering intelligence about ERO Corp., a competitor of one of TAK's clients. To gather the intelligence, Georgina poses as a customer and contacts ERO. She then elicits sensitive information from an ERO employee.
                    Georgina's approach is an example of:

                    • A. Human intelligence
                    • B. Scavenging
                    • C. Baiting
                    • D. Open-source intelligence
                    Reveal Solution  Discussion  0

                    Correct Answer: A  🗳️

                    Explanation: Only visible for ActualTestsQuiz members. You can sign-up / login (it's free).

                    Question #3

                    A method for gaining unauthorized access to a computer system whereby the attacker deceives victims into disclosing personal information or convinces them to commit acts that facilitate the attacker's intended scheme is known as:

                    • A. Packet sniffing
                    • B. Social engineering
                    • C. Electronic piggybacking
                    • D. IP spoofing
                    Reveal Solution  Discussion  0

                    Correct Answer: B  🗳️

                    Explanation: Only visible for ActualTestsQuiz members. You can sign-up / login (it's free).

                    Question #4

                    To reduce his tax bill, John adds fake deductions to his personal tax return. John is MOST LIKELY engaging in:

                    • A. Tax misappropriation
                    • B. Tax avoidance
                    • C. Tax evasion
                    • D. Tax sheltering
                    Reveal Solution  Discussion  0

                    Correct Answer: C  🗳️

                    Explanation: Only visible for ActualTestsQuiz members. You can sign-up / login (it's free).

                    Question #5

                    According to Hollinger and Clark, for policy development, management must pay attention to:

                    • A. Both A & B
                    • B. A clear understanding regarding theft behavior
                    • C. Neither A nor B
                    • D. Enforcement of sanctions
                    Reveal Solution  Discussion  0

                    Correct Answer: A  🗳️

                    Explanation: Only visible for ActualTestsQuiz members. You can sign-up / login (it's free).

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