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- Total Questions: 355
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- Total Questions: 355
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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Overview:
| Certification Vendor: | Association of Certified Fraud Examiners (ACFE) |
|---|---|
| Exam Name: | Fraud Schemes and Financial Crimes |
| Exam Number: | CFE-Fraud-Schemes-and-Financial-Crimes |
| Exam Price: | USD 480 (includes first attempt of all 3 sections; retake: USD 110 per section) |
| Exam Format: | Closed-book, True/False, Multiple-choice |
| Available Languages: | French, German, Spanish, Chinese, English, Portuguese, Italian, Arabic |
| Real Exam Qty: | 120 |
| Exam Duration: | 150 minutes |
| Passing Score: | 75% |
| Certificate Validity Period: | Exam scores valid 5 years; credential valid 3 years with continuing education |
| Related Certifications: | CFE - Fraud Investigations and Legal Issues CFE - Fraud Prevention and Deterrence |
| Recommended Training: | ACFE CFE Exam Prep Course Fraud Examiners Manual |
| Exam Registration: | ACFE Certification Portal Prometric Scheduling |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Remote proctoring via Prometric ProProctor; In-person at Prometric test centers; closed-book format |
| Pre Condition: | ACFE Associate Membership; minimum 40 eligibility points (education + experience + professional credentials); no prior exam required |
| Official Syllabus URL: | https://www.acfe.com/cfe-credential/about-the-cfe-exam |
ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Theft of Data and Intellectual Property | 5–10% | - Corporate espionage - Data and IP theft methods - Safeguarding proprietary information |
| Topic 2: Asset Misappropriation – Cash Receipts | 5–10% | - Cash larceny schemes - Cash skimming schemes - Prevention and detection methods |
| Topic 3: Accounting Concepts | 5–10% | - Internal control fundamentals - Recording and summarizing transactions - Basic accounting principles - Financial statements structure |
| Topic 4: Industry-Specific Financial Crimes | 15–25% | - Cyber-enabled and cryptocurrency fraud - Healthcare fraud - Financial institution fraud - Real estate and securities fraud - Insurance fraud |
| Topic 5: Corruption Schemes | 5–10% | - Illegal gratuities and extortion - Conflicts of interest - Bribery and kickbacks |
| Topic 6: Identity Theft | 1–5% | - Types and techniques - Prevention and detection |
| Topic 7: Asset Misappropriation – Cash Disbursements | 10–15% | - Billing schemes - Expense reimbursement schemes - Check and payment tampering - Payroll schemes |
| Topic 8: Asset Misappropriation – Non-Cash Assets | 5–10% | - Inventory and equipment theft - Concealment techniques - Misuse of assets |
| Topic 9: Financial Statement Fraud | 10–15% | - Detection and red flags - Timing and disclosure manipulations - Revenue and asset overstatements - Expense and liability understatements |
Everything You Want to Know About the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes (CFE-Fraud-Schemes-and-Financial-Crimes) Exam
The CFE-Fraud-Schemes-and-Financial-Crimes exam, officially titled Certified Fraud Examiner -Fraud Schemes and Financial Crimes, is the ACFE exam you pass to earn the Certified Fraud Examiner (CFE) certification, a credential at the Professional level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as CFE - Fraud Investigations and Legal Issues, CFE - Fraud Prevention and Deterrence.
The CFE-Fraud-Schemes-and-Financial-Crimes exam includes 120 questions and gives you 150 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the TestKingIT desktop or online test engine is the most reliable way to build that rhythm before exam day.
The passing score for the CFE-Fraud-Schemes-and-Financial-Crimes exam is 75%, and the official registration fee is USD 480 (includes first attempt of all 3 sections; retake: USD 110 per section). Keep in mind that a failed attempt means paying USD 480 (includes first attempt of all 3 sections; retake: USD 110 per section) again in full to retake it, so book your slot only when your scores on TestKingIT practice tests sit consistently above the passing line.
ACFE lists the following prerequisites or eligibility notes for the CFE-Fraud-Schemes-and-Financial-Crimes exam: ACFE Associate Membership; minimum 40 eligibility points (education + experience + professional credentials); no prior exam required. Requirements can change over time, so confirm the details on the official exam page at ACFE's official site before you register.
You can register for the CFE-Fraud-Schemes-and-Financial-Crimes exam through the official channels below:
The exam is delivered in the following format: Remote proctoring via Prometric ProProctor; In-person at Prometric test centers; closed-book format. Choose a date that leaves you enough time to work through the full 355-question practice set first.
ACFE recommends the following training resources for CFE-Fraud-Schemes-and-Financial-Crimes candidates:
Official courses build the theory, and the 355 practice questions from TestKingIT help you turn that theory into exam-ready speed and accuracy.
Yes. TestKingIT offers a free PDF demo of the CFE-Fraud-Schemes-and-Financial-Crimes material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
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The CFE-Fraud-Schemes-and-Financial-Crimes exam blueprint is divided into 9 domains, starting with Corruption Schemes (5–10%); Industry-Specific Financial Crimes (15–25%); Financial Statement Fraud (10–15%). For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
When an individual commits a forged filing scheme, they often perform which of the following actions?
- A. Purchase a considerable amount of goods through credit.
- B. Collude with inventory suppliers to create false invoices.
- C. Obtain an insurance policy using illicit assets.
- D. Use stolen identities to make a bankruptcy claim.
Correct Answer: D 🗳️
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Carl, an information technology (IT) employee at ABC Company, steals an accounting employee's login credentials for the company's online banking portal. Carl then sets up a recurring payment to a bank account that he owns under a different name. Carl has MOST LIKELY committed a(n):
- A. Fraudulent billing scheme
- B. Electronic payment tampering scheme
- C. Diverted revenue scheme
- D. Ghost payee scheme
Correct Answer: B 🗳️
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Which of the following scenarios BEST illustrates a misrepresentation health care fraud scheme?
- A. Ada is still on her ex-husband's health insurance policy and uses it to submit a claim for her hip replacement surgery.
- B. Gina submits a claim to her insurance company for a dermatological procedure that she canceled before her appointment.
- C. Marco is a heavy smoker but indicates that he is a nonsmoker on his insurance application so that he will be eligible for full insurance coverage.
- D. Xavier is reimbursed for knee surgery by a government health care program and then submits a claim for the procedure under his private insurance policy.
Correct Answer: C 🗳️
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Which of the following ratios can be used to determine the efficiency with which a company uses its assets?
- A. Asset turnover ratio
- B. Debt-to-equity ratio
- C. Quick ratio
- D. Receivable turnover ratio
Correct Answer: A 🗳️
Explanation: Only visible for TestKingIT members. You can sign-up / login (it's free).
Which of the following is a common red flag of a bid tailoring scheme?
- A. The procuring entity rebids contracts because fewer than the minimum number of bids are received.
- B. The procuring entity's request for bid submissions provides clear bid submission information.
- C. There are unusually narrow specifications for the type of goods being procured.
- D. Numerous bidders respond to the procuring entity's bid requests.
Correct Answer: C 🗳️
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