CFE ACFE Certified Fraud Examiner Free Practice Exam Questions (2025 Updated)
Prepare effectively for your ACFE CFE Certified Fraud Examiner certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
Organizations that had external audits actually had higher median losses and longer lasting fraud schemes than those organizations that were not audited.
A technique by which checks are numbered using a new technique that is revealed by a colored highlighter pen or by a bright light held behind the check is called:
People commit financial statement fraud to:
A person is said to be in ________ act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:
Collusion or bid-rigging between bidders is called
Which of the following factors is NOT included in most financial statement schemes?
Larceny by Fraud or deception means that:
____________ corrupt employees can cause inventory to be fraudulently delivered to themselves or accomplices.
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
Most of the shell company schemes involve the purchase of goods rather than services.
Persuasive evidence of an arrangement does not exist when:
By what accountant means that the financial figures presented by the company are at least as much as reflected in the statements, if not more.
The _______________ cost method of pricing would carry an asset’s value on the financial statements as what it would currently cost, considering inflation.
Which of the following search is used for unusually high incidence of returns and allowances scheme?
Which are check tempering frauds in which an employee prepares a fraudulent check and submits it usually along with legitimate checks to an authorized maker who signs it without a proper review?
Entering a sales total lower than the amount actually paid by the customer is called:
Which of the following is NOT the aspect of inventory purchase?
Another way to eliminate competition in the solicitation phase of the selection process is to:
______________ can be detected by closely examining the documentation submitted with the cash receipts.
