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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Fraud Prevention Programs15–20%- Monitoring and continuous improvement
- Designing prevention strategies
- Communication and training
Topic 2: Corporate Governance20–25%- Roles of board, management, auditors
- Governance frameworks and principles
  • 1. OECD guidelines
    • 2. Treadway Commission (COSO)
      - Internal control systems
      • 1. COSO five components
        Topic 3: Fraud Risk Assessment15–20%- Risk identification methodologies
        - Assessment implementation and documentation
        - Risk analysis and prioritization
        Topic 4: Professional Ethics5–10%- Ethical decision-making
        - ACFE Code of Professional Ethics
        - Conflicts of interest and integrity
        Topic 5: Understanding Criminal Behavior5–10%- Theories of crime causation
        • 1. Rational choice and routine activities theory
        • 2. Differential association theory
        • 3. Social control and social learning theory
        - Behavior modification principles
        Topic 6: White-Collar Crime15–20%- Impact on organizations and society
        - Causal factors and opportunity structures
        - Legal prosecution and sanctions
        - Organizational vs occupational crime
        - Definition and characteristics
        Topic 7: Management's Fraud-Related Responsibilities5–10%- Reporting mechanisms
        - Oversight and accountability
        - Establishing anti-fraud policies

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        ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Exam Sample Questions (Q267-Q272):

        NEW QUESTION # 267
        Which of the following is FALSE regarding a background check policy for employees?

        Answer: C

        Explanation:
        Verifying employment history involves more than just confirming dates. It includes understanding job roles, responsibilities, and performance. Solely asking for employment dates does not provide sufficient information to assess fraud risk.


        NEW QUESTION # 268
        An organization conducts ethics training only during new-hire orientation and never again. Which statement is MOST accurate?

        Answer: B

        Explanation:
        Ethical expectations should be reinforced continuously. Regular training, communication, and leadership involvement help employees recognize risks, understand reporting procedures, and maintain awareness of organizational values over time.


        NEW QUESTION # 269
        Which of the following statements is FALSE?

        Answer: C

        Explanation:
        Fraud Prevention Methods:
        Prevention strategies often focus on education, awareness, and robust controls rather than covert methods. While covert audits can detect fraud, they are not primarily preventive.
        Why D is False:
        Covert audits are reactive and focused on identifying existing fraud, not preventing it.


        NEW QUESTION # 270
        Daniela, an independent Certified Fraud Examiner (CFE), was hired by Charles, executive director of a nonprofit organization, to investigate a straightforward embezzlement case.
        Duringthe investigation, Daniela learns that Charles is involved in an unrelated fraud. Under the ACFE Code of Professional Ethics. Daniela should:

        Answer: D

        Explanation:
        ACFE Code of Professional Ethics:
        CFEs must act with integrity and report material fraud findings to the appropriate authority within the organization.
        Why A is Correct:
        Informing the board of trustees ensures that those responsible for governance can take appropriate action. Reporting to law enforcement (option B) may breach contractual obligations unless legally required.


        NEW QUESTION # 271
        Beezie, a Certified Fraud Examiner (CFE), took an introductory class in computer forensics.
        When a client thought there might be evidence of a crime on their computer, Beezie decided to conduct a forensic examination of the computer even though she had no experience or advanced training in this area. Which of the following is TRUE regarding Beezie's conduct?

        Answer: D


        NEW QUESTION # 272
        ......

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