While using this ACFE CFE-Fraud-Schemes-and-Financial-Crimes practice exam software, you can easily customize your ACFE CFE-Fraud-Schemes-and-Financial-Crimes mock exam conditions such as exam duration, number of questions, and many more. These ACFE CFE-Fraud-Schemes-and-Financial-Crimes bear the closest resemblance to the actual CFE-Fraud-Schemes-and-Financial-Crimes dumps that will be asked of you in the exam.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Accounting Concepts | 5–10% | - Recording and summarizing transactions - Internal control fundamentals - Basic accounting principles - Financial statements structure |
| Topic 2: Identity Theft | 1–5% | - Types and techniques - Prevention and detection |
| Topic 3: Corruption Schemes | 5–10% | - Bribery and kickbacks - Illegal gratuities and extortion - Conflicts of interest |
| Topic 4: Asset Misappropriation – Cash Disbursements | 10–15% | - Check and payment tampering - Billing schemes - Payroll schemes - Expense reimbursement schemes |
| Topic 5: Financial Statement Fraud | 10–15% | - Detection and red flags - Revenue and asset overstatements - Expense and liability understatements - Timing and disclosure manipulations |
| Topic 6: Industry-Specific Financial Crimes | 15–25% | - Insurance fraud - Healthcare fraud - Financial institution fraud - Real estate and securities fraud - Cyber-enabled and cryptocurrency fraud |
| Topic 7: Theft of Data and Intellectual Property | 5–10% | - Safeguarding proprietary information - Data and IP theft methods - Corporate espionage |
| Topic 8: Asset Misappropriation – Non-Cash Assets | 5–10% | - Concealment techniques - Misuse of assets - Inventory and equipment theft |
| Topic 9: Asset Misappropriation – Cash Receipts | 5–10% | - Prevention and detection methods - Cash skimming schemes - Cash larceny schemes |
>> CFE-Fraud-Schemes-and-Financial-Crimes Dumps Reviews <<
To be the best global supplier of electronic CFE-Fraud-Schemes-and-Financial-Crimes study materials for our customers through innovation and enhancement of our customers' satisfaction has always been our common pursuit. The advantages of our CFE-Fraud-Schemes-and-Financial-Crimes guide dumps are too many to count. And the most important point is that the pass rate of our CFE-Fraud-Schemes-and-Financial-Crimes learning quiz is preety high as 98% to 99%. I guess this is also the candidates care most as well. You can totally trust in our CFE-Fraud-Schemes-and-Financial-Crimes exam questions!
NEW QUESTION # 32
Bob, a purchasing agent for Gallenkamp, directed a portion of Gallenkamp's business to Oak Company. In exchange for receiving additional business, Oak Company's sales manager agreed to pay Bob a percentage of the extra profits. Which of the following BEST describes the type of corruption scheme in which Bob engaged?
Answer: B
Explanation:
The ACFE Fraud Examiners Manual includes Kickback Schemes in the corruption section and specifically identifies Diverting Business to Vendors as a type of kickback scheme.
This question states that Bob, a purchasing agent , directed business to Oak Company, and in return Oak's sales manager agreed to pay Bob a percentage of the extra profits . That is a classic kickback arrangement
: the employee steers company business to a favored vendor in exchange for a personal financial benefit. The Manual's examples of corruption also discuss a vendor bribing or paying a purchasing agent to receive more business.
Why the other options are incorrect
A). Economic extortion scheme
The Manual defines economic extortion as obtaining money, property, or services through coercion or threatened adverse action. That is not what happened here; Bob was paid for steering business, not coercing payment through threats.
C). Illegal gratuity scheme
The Manual explains that illegal gratuities are items of value given to reward a decision, often after the recipient has already made the decision, and this concept is primarily discussed in the public-sector context.
Here, the payment is part of an agreement to direct business and share in profits, which is more accurately a kickback .
D). Diversion scheme
The relevant Manual terminology is Diverting Business to Vendors , but that appears as a subtype under Kickback Schemes . Therefore, the best answer among the options is the broader and correct classification:
kickback scheme .
References
* ACFE Fraud Examiners Manual, 2020 International Edition
* Corruption - Kickback Schemes
* Corruption - Diverting Business to Vendors
* Example involving a purchasing agent receiving improper payments to steer business to a vendor
* Economic Extortion definition
* Illegal Gratuities definition
NEW QUESTION # 33
A fraudster uses the name and picture of another individual to create a social media profile. This scheme can BEST be described as:
Answer: D
Explanation:
The correct answer is D. Traditional identity theft involves using the real identifying information of another person to impersonate that individual. Here, the fraudster uses another person's actual name and picture to create a social media profile, meaning the fraudster is posing directly as a real person rather than creating a hybrid or fictitious identity. Synthetic identity theft combines real and fabricated information to create a new identity, which is not described here. Criminal identity theft involves using another person's identity in a law enforcement or criminal justice context. New account identity theft is not the best ACFE category for this question because the facts emphasize impersonation using real identity information. The ACFE materials distinguish traditional identity theft from synthetic and criminal identity theft.
NEW QUESTION # 34
Which of the following statements describes a best practice for preventing electronic payment tampering?
Answer: C
Explanation:
The correct answer is B. ACH blocks are a preventive bank control that allows an account holder to instruct the bank not to permit ACH debits from designated accounts. This reduces the risk of unauthorized electronic withdrawals. Option A is incorrect because positive pay for ACH should not be declined; it can help verify ACH transactions before they clear. Option C violates segregation of duties because the person initiating electronic payments should not also control ACH filters or payment security settings. Option D is also weak because using separate accounts for paper checks and electronic transactions can improve monitoring and limit exposure. The ACFE materials identify ACH blocks, ACH filters, positive pay, segregation of duties, and bank security services as important controls against electronic payment tampering.
NEW QUESTION # 35
Which of the following scenarios is an example of an economic extortion scheme?
Answer: A
Explanation:
The correct answer is C. Economic extortion occurs when a person with authority or influence demands payment or another benefit from a victim through coercion, threat, or misuse of power. A judge threatening to rule against a defendant unless paid is a clear example because the payment is demanded under threat of adverse official action. Option A is closer to an illegal gratuity because the benefit is provided after the contract award. Option B describes attempted bribery by the driver, who offers payment to influence the officer. Option D describes a billing or kickback-type arrangement involving collusion and false services. In economic extortion, the recipient of the improper payment initiates the demand by applying pressure or threat.
NEW QUESTION # 36
________ decrease assets and expenses and/or increase liabilities and/or equity.
Answer: A
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Credits decrease assets and expenses while increasing liabilities and equity. They are recorded on the right-hand side of ledger accounts, forming the counterbalance to debits.
* Analysis of Incorrect Options:
* A. Journal Entries - Too general; not a directional effect.
* B. Debit - Opposite effect of credits.
* D. None of all - Incorrect because "credit" is the precise answer.
* Key Concept: Credit rules in double-entry accounting.
Reference: ACFE Fraud Examiners Manual (2020 International Edition) , Accounting Concepts - Debits and Credits .
NEW QUESTION # 37
......
The ACFE CFE-Fraud-Schemes-and-Financial-Crimes PDF is the most convenient format to go through all exam questions easily. It is a compilation of actual ACFE CFE-Fraud-Schemes-and-Financial-Crimes exam questions and answers. The PDF is also printable so you can conveniently have a hard copy of ACFE CFE-Fraud-Schemes-and-Financial-Crimes Dumps with you on occasions when you have spare time for quick revision. The PDF is easily downloadable from our website and also has a free demo version available.
CFE-Fraud-Schemes-and-Financial-Crimes Study Group: https://www.ipassleader.com/ACFE/CFE-Fraud-Schemes-and-Financial-Crimes-practice-exam-dumps.html