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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Financial Crimes | - Money Laundering
|
| Topic 2: Fraud Schemes | - Asset Misappropriation Schemes
|
| Topic 3: Fraud Investigation and Analysis | - Evidence collection and documentation
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
1. The most basic skimming scheme occurs when:
A) An employee buys goods or services from a customer, drops the customer's payment, but makes no record of the purchase.
B) An employee sells goods or services to a stakeholder, collects the stakeholder's payment and makes record of the sale too.
C) An employee buys goods or services from a stakeholder, drops the stakeholder's payment and makes record of the purchase too.
D) An employee sells goods or services to a customer, collects the customer's payment, but makes no record of the sale.
2. Security audits and tests, incident response plans, and separation of duties are all examples of which of the following types of cybersecurity controls?
A) Physical access controls
B) Administrative security controls
C) Technical security controls
D) Logical access controls
3. ____________ is a summary of the account balances carried in a ledger.
A) General journal
B) Financial statement
C) Income statement
D) Balance sheet
4. The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.
A) False
B) True
5. Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
A) False
B) True
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A |
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