An individual can't have a significant understanding of the subject of the Certified Fraud Examiner -Fraud Schemes and Financial Crimes certification in any event, going before scrutinizing accessible. They don't know anything about how to make sense of the center thoughts, which is a test in the event that they need to approach the subtleties to others concerning the Certified Fraud Examiner -Fraud Schemes and Financial Crimes (CFE-Fraud-Schemes-and-Financial-Crimes) exam. Thusly, more keen to take help from specialists who have some involvement in the Certified Fraud Examiner -Fraud Schemes and Financial Crimes (CFE-Fraud-Schemes-and-Financial-Crimes) exam. ACFE CFE-Fraud-Schemes-and-Financial-Crimes Certification Exam concentrate on material which incorporates a rundown of the multitude of points and an outline making sense of the general subject.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Corruption Schemes | 5–10% | - Conflicts of interest - Bribery and kickbacks - Illegal gratuities and extortion |
| Topic 2: Financial Statement Fraud | 10–15% | - Expense and liability understatements - Detection and red flags - Revenue and asset overstatements - Timing and disclosure manipulations |
| Topic 3: Accounting Concepts | 5–10% | - Financial statements structure - Recording and summarizing transactions - Internal control fundamentals - Basic accounting principles |
| Topic 4: Asset Misappropriation – Non-Cash Assets | 5–10% | - Concealment techniques - Misuse of assets - Inventory and equipment theft |
| Topic 5: Asset Misappropriation – Cash Disbursements | 10–15% | - Payroll schemes - Billing schemes - Expense reimbursement schemes - Check and payment tampering |
| Topic 6: Industry-Specific Financial Crimes | 15–25% | - Financial institution fraud - Real estate and securities fraud - Cyber-enabled and cryptocurrency fraud - Healthcare fraud - Insurance 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 – Cash Receipts | 5–10% | - Prevention and detection methods - Cash skimming schemes - Cash larceny schemes |
| Topic 9: Identity Theft | 1–5% | - Types and techniques - Prevention and detection |
>> Books CFE-Fraud-Schemes-and-Financial-Crimes PDF <<
SureTorrent's experienced expert team has developed effective training program a for ACFE certification CFE-Fraud-Schemes-and-Financial-Crimes exam, which is very fit for candidates. SureTorrent provide you the high quality product, which can let you do simulation test before the real ACFE Certification CFE-Fraud-Schemes-and-Financial-Crimes Exam. So you can take a best preparation for the exam.
NEW QUESTION # 84
What type of fraud scheme would MOST LIKELY be revealed by identifying employees with the same government identification numbers?
Answer: D
Explanation:
The correct answer is A. A ghost employee scheme involves adding a fictitious or nonworking person to the payroll so the fraudster can collect wages or salary payments. Data analysis can help detect ghost employees by identifying duplicate, invalid, or suspicious employee information. Multiple employees using the same government or tax identification number is a strong red flag because legitimate employees should generally have unique identifying numbers. Payment tampering involves altering payments after they are initiated, while falsified hours and salary schemes usually involve overstated time worked or unauthorized pay-rate changes for real employees. Fraudulent commission schemes involve manipulating sales or commission records. The ACFE materials specifically identify duplicate government identification numbers as a test for ghost employee schemes.
NEW QUESTION # 85
Which of the following statements about competitive intelligence is CORRECT?
Answer: B
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: Competitive intelligence refers to the legal and ethical gathering of publicly available information about competitors. It is a legitimate business practice and differs from corporate espionage , which involves illegal or covert methods.
* Analysis of Incorrect Options:
* B. Government-sanctioned espionage - This describes intelligence operations, not business practice.
* C. Identical to espionage - False; competitive intelligence is legal, espionage is illegal.
* D. Illegal covert methods - That is espionage, not competitive intelligence.
* Key Concept: Competitive intelligence vs. corporate espionage .
Reference: ACFE Fraud Examiners Manual (2020) , Corruption: Corporate Espionage and Competitive Intelligence .
NEW QUESTION # 86
Fran, who has made multiple insurance claims in the past, submits a fire loss claim. She reports losses of many items, including electronics, family heirlooms, and other large, bulky items. She is able to provide all the receipts and photographs to support her claim. Which of the following options is a red flag that Fran could be attempting to commit insurance fraud?
Answer: B
Explanation:
The red flag is that Fran has made multiple insurance claims in the past. Prior claims history can indicate a pattern of suspicious or repeated losses, especially when a new claim involves valuable property. Receipts and photographs generally support a claim rather than create suspicion by themselves, although they should still be verified for authenticity. Including bulky items in a fire loss claim is not automatically suspicious because fires can destroy many types of property, including large household goods. The ACFE insurance fraud materials identify red flags as indicators requiring further review, not proof of fraud. Fran's repeated claim history would justify closer examination of the claim details, supporting documentation, timing, policy coverage, and any prior loss patterns.
NEW QUESTION # 87
___________ allows the fraud examiner to inspect key attributes on a smaller portion (or sample) of those documents.
Answer:
Explanation:
Sampling
* Rationale for Correct Answer: Sampling is a fraud examination technique that enables investigators to review a subset of documents rather than all records. Properly designed sampling provides reasonable assurance and allows focus on anomalies or red flags.
* Key Concept: Sampling in fraud examination and audit testing.
Reference: ACFE Fraud Examiners Manual (2020 International Edition) , Fraud Examination Techniques
- Sampling and Document Review .
NEW QUESTION # 88
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: A
Explanation:
Detailed Explanation:
* Rationale for Correct Answer: A kickback scheme occurs when vendors make payments to employees of a purchasing organization in exchange for steering business their way. Here, Bob steered contracts to Oak Company and received a percentage of profits, a textbook kickback arrangement.
* Analysis of Incorrect Options:
* B. Illegal gratuity scheme - Involves rewards after a decision, without a prior agreement. Here, the agreement was prearranged.
* C. Diversion scheme - Refers to diversion of assets, not procurement favoritism.
* D. Economic extortion scheme - Involves coercion of the vendor; this was voluntary bribery.
* Key Concept: Bribery and kickbacks as forms of corruption.
Reference: ACFE Manual, Corruption - Kickback Schemes .
NEW QUESTION # 89
......
Tech firms award high-paying job contracts to Certified Fraud Examiner -Fraud Schemes and Financial Crimes (CFE-Fraud-Schemes-and-Financial-Crimes) certification holders. Every year many aspirants appear in the CFE-Fraud-Schemes-and-Financial-Crimes test of the certification, but few of them cannot crack it because of not finding reliable Certified Fraud Examiner -Fraud Schemes and Financial Crimes prep materials. So, you must prepare with real exam questions to pass the certification exam. If you don't rely on actual exam questions, you will fail and loss time and money.
CFE-Fraud-Schemes-and-Financial-Crimes Exam Pass Guide: https://www.suretorrent.com/CFE-Fraud-Schemes-and-Financial-Crimes-exam-guide-torrent.html