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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Industry-Specific Financial Crimes | 15–25% | - Real estate and securities fraud - Insurance fraud - Financial institution fraud - Cyber-enabled and cryptocurrency fraud - Healthcare fraud |
| Topic 2: Asset Misappropriation – Cash Receipts | 5–10% | - Cash larceny schemes - Prevention and detection methods - Cash skimming schemes |
| Topic 3: Theft of Data and Intellectual Property | 5–10% | - Data and IP theft methods - Safeguarding proprietary information - Corporate espionage |
| Topic 4: Financial Statement Fraud | 10–15% | - Timing and disclosure manipulations - Detection and red flags - Expense and liability understatements - Revenue and asset overstatements |
| Topic 5: Asset Misappropriation – Non-Cash Assets | 5–10% | - Concealment techniques - Inventory and equipment theft - Misuse of assets |
| Topic 6: Corruption Schemes | 5–10% | - Illegal gratuities and extortion - Bribery and kickbacks - Conflicts of interest |
| Topic 7: Identity Theft | 1–5% | - Prevention and detection - Types and techniques |
| Topic 8: Asset Misappropriation – Cash Disbursements | 10–15% | - Check and payment tampering - Payroll schemes - Expense reimbursement schemes - Billing schemes |
| Topic 9: Accounting Concepts | 5–10% | - Basic accounting principles - Recording and summarizing transactions - Internal control fundamentals - Financial statements structure |
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. People commit financial statement fraud to:
A) Maintain personal income
B) Conceal false business performances
C) Preserve personal status/control
D) Stand outside the accounting system
2. Which of the following scenarios is an example of upcoding ?
A) Cindy receives payment in exchange for allowing an unnecessary surgical procedure to be completed on her that is then billed to her health care program
B) Dr. Raul advises a patient with a small fracture in her leg to use crutches, but he submits the claim using a code to indicate that he placed a cast on the patient
C) Landon inflates a medical bill that he wants to receive reimbursement for by misrepresenting the amount of the bill
D) Dr. Loomis uses three procedure codes when submitting a claim for a surgery that she performed that is supposed to be billed using one procedure code
3. Which of the following statements about the different types of malware is MOST ACCURATE?
A) A Trojan horse is a program that appears useful but contains hidden code that causes damage.
B) Spyware is any software application that displays advertisements while it is operating.
C) Ransomware is software that collects and reports information about a computer user without the user's knowledge or consent.
D) A computer worm is a form of malicious software that locks a user's operating system and restricts access to data files.
4. Madison has been appointed as a bankruptcy administrator. According to the recommendations of the World Bank Principles for Effective Insolvency and Creditor/Debtor Regimes, which of the following statements concerning Madison's role as bankruptcy administrator is MOST ACCURATE?
A) Madison may collect a debtor's property, but a third party must dispose of it.
B) Madison may cancel any fraudulent contracts or transactions entered into by the debtor.
C) Madison may not force third parties with knowledge of the debtor's affairs to provide information.
D) Madison may not interfere with contracts that were signed by the debtor.
5. Which of the following is FALSE regarding electronic payment tampering?
A) The individual who makes electronic payments on behalf of the company should also set ACH filters to ensure that only designated individuals are paid.
B) The lack of physical evidence makes electronic payment tampering more difficult to detect than traditional check tampering.
C) Positive pay is recommended for ACH transactions to ensure their legitimacy.
D) ACH blocks allow account holders to notify their banks that ACH debits should not be allowed on specific accounts.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |







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