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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Overview:

Certification Vendor:Association of Certified Fraud Examiners (ACFE)
Exam Name:Certified Fraud Examiner (CFE) Exam – Fraud Schemes and Financial Crimes
Exam Number:CFE-FSFC
Certificate Validity Period:No fixed expiration (requires ongoing CPE compliance to maintain certification)
Real Exam Qty:100 (per section)
Exam Duration:120 minutes
Available Languages:English
Related Certifications:Certified Fraud Examiner (CFE)
Passing Score:75%
Exam Format:Computer-based testing, Multiple choice
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based, available via online proctoring or authorized testing centers
Pre Condition:Eligibility typically requires either a combination of education (bachelor's degree or equivalent) and fraud-related professional experience (commonly 2 years), plus ACFE membership and passing all four CFE exam sections.
Official Syllabus URL:https://www.acfe.com

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

SectionObjectives
Topic 1: Financial Crimes- Financial Statement Fraud
  • 1. Asset overstatement
    • 2. Expense understatement
      • 3. Revenue manipulation
        - Corruption Schemes
        • 1. Bribery
          • 2. Kickbacks
            • 3. Conflicts of interest
              - Money Laundering
              • 1. Placement stage
                • 2. Integration stage
                  • 3. Layering stage
                    Topic 2: Fraud Schemes- Asset Misappropriation Schemes
                    • 1. Expense reimbursement fraud
                      • 2. Inventory and asset theft
                        • 3. Payroll fraud
                          • 4. Cash theft and skimming
                            - Fraudulent Disbursements
                            • 1. Check tampering
                              • 2. Billing schemes
                                • 3. Billing shell companies

                                  ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Exam: Demo First, Decide Second

                                  Eligibility typically requires either a combination of education (bachelor's degree or equivalent) and fraud-related professional experience (commonly 2 years), plus ACFE membership and passing all four CFE exam sections. Since requirements change over time, confirm the latest on the official ACFE exam page before scheduling.

                                  The ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes exam contains 100 (per section) to complete within 120 minutes. Timed simulation in the NewPassLeader Desktop Test Engine teaches that rhythm before exam day does.

                                  The official ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes outline defines 2 domains. The leading three are Fraud Schemes, Financial Crimes. The full list is in the topics section above, and NewPassLeader's 355 practice questions cover each one.

                                  Computer-based, available via online proctoring or authorized testing centers Register for the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes exam through these official channels:

                                    After booking, NewPassLeader delivers your practice questions within 1 minute — preparation starts the same day.

                                    Scoring and fees are published by ACFE and may change; verify the current figures on the official site.

                                    The CFE-Fraud-Schemes-and-Financial-Crimes exam is a ACFE certification exam validating the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes syllabus shown above. It belongs to these credential paths: Certified Fraud Examiner (CFE). Candidates in 2026 start with NewPassLeader's 355 practice questions, available as a printable PDF, a Windows Desktop Test Engine, and an Online Test Engine — three versions of the same materials.

                                    ACFE recommends these training resources for the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes exam:

                                      Follow the training with steady self-testing — the 355 practice questions from NewPassLeader help you apply theory and fill any gaps the training leaves.

                                      NewPassLeader issues a full refund if you take the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes exam within 60 days of purchase and do not pass. The policy does not apply if the exam is taken within 3 days of purchase, if the exam was never actually taken, or to free materials or expired orders, and the candidate name must match the payer name. Submit a scan of your enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, exchange for two free exam products of equal value and keep your original update service. Orders arrive by email within 1 minute — contact support if nothing arrives within 2 hours.

                                      Three versions of the same study materials: a printable, expert-prepared PDF with free demo download and instant access; a Desktop Test Engine for Windows with customizable simulation and timed modes that works offline; and an Online Test Engine for any browser on Windows, Mac, Android, and iOS with test history and performance review. All 355 practice questions are identical across versions. Every purchase includes 365 days of free updates, a 50% renewal discount afterward, and unlimited computer installations.

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

                                      When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:

                                      • A. Submission scheme
                                      • B. Need recognition scheme
                                      • C. Presolicitation scheme
                                      • D. False sole-source scheme
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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

                                      Which of the following statements about change order abuse is MOST ACCURATE?

                                      • A. Change order abuse usually involves collusion among several contractors.
                                      • B. Change order abuse is a scheme typically committed by sole-source vendors.
                                      • C. Change order abuse often causes the procuring entity to lose the advantages offered by the competitive bidding process.
                                      • D. Change order abuse generally results in procuring entities paying the winning contractor less than the amount of the accepted bid.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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

                                      Which of the following are the classifications for Corruption?

                                      • A. Economic extortion, bribery, illegal gratuities, and corruption
                                      • B. Bribery, economic extortion, illegal gratuities, and conflicts of interest
                                      • C. Overbilling, bribery, bid-rigging, and illegal gratuities
                                      • D. Corruption, bribery, economic extortion, conflicts of interest
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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

                                      Which of the following is a red flag that might indicate that someone is attempting to commit insurance fraud?

                                      • A. A theft claim includes items that were purchased recently and the receipts.
                                      • B. A claim is made soon after an insurance policy commences.
                                      • C. The insured made one other insurance claim within the past five years.
                                      • D. A burglary loss claim includes small electronic items and jewelry.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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

                                      Asset misappropriation schemes were the "middle children" of the study; they were more common than fraudulent statements and more costly than corruption.

                                      • A. False
                                      • B. True
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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

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