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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 Investigation and Analysis | - Evidence collection and documentation
|
| Topic 3: Fraud Schemes | - Financial Statement Fraud
|
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
The principle behind full disclosure is:
- A. Any material deviation from GAAP must be explained to the reader of the financial information.
- B. Any material deviation from SAS must be explained to the writer of the financial information.
- C. Any material deviation from GAAP must be explained to the writer of the financial information.
- D. None of above
Correct Answer: A 🗳️
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Which of the following methods might a procuring employee use to engage in a bid manipulation scheme?
- A. Using materials that are low quality
- B. Charging for costs that are not permissible
- C. Disqualifying bids that are submitted correctly
- D. Opening the bidding process at the designated time
Correct Answer: C 🗳️
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The heart of the bookkeeping system is the ___________.
- A. Liability
- B. Asset
- C. Journal
- D. Checkbook
Correct Answer: C 🗳️
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Which of the following scenarios is an example of upcoding ?
- A. 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
- 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. 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
- D. Landon inflates a medical bill that he wants to receive reimbursement for by misrepresenting the amount of the bill
Correct Answer: B 🗳️
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Which of the following options is the BEST example of a technical security control that organizations can use to block unauthorized or unverified transmissions?
- A. Firewalls
- B. Application security
- C. Data classification
- D. Cipher locks
Correct Answer: A 🗳️
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