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  • Total Questions: 355
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Certification vendors revise their outlines, and stale material quietly hurts candidates. The CFE-Fraud-Schemes-and-Financial-Crimes practice questions at TestKingIT are reviewed on a continuous basis, and your purchase of the ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes package includes 365 days of free updates, so your study set stays current through 2026 and beyond.

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:

SectionWeightObjectives
Topic 1: Theft of Data and Intellectual Property5–10%- Corporate espionage
- Data and IP theft methods
- Safeguarding proprietary information
Topic 2: Asset Misappropriation – Cash Receipts5–10%- Cash larceny schemes
- Cash skimming schemes
- Prevention and detection methods
Topic 3: Accounting Concepts5–10%- Internal control fundamentals
- Recording and summarizing transactions
- Basic accounting principles
- Financial statements structure
Topic 4: Industry-Specific Financial Crimes15–25%- Cyber-enabled and cryptocurrency fraud
- Healthcare fraud
- Financial institution fraud
- Real estate and securities fraud
- Insurance fraud
Topic 5: Corruption Schemes5–10%- Illegal gratuities and extortion
- Conflicts of interest
- Bribery and kickbacks
Topic 6: Identity Theft1–5%- Types and techniques
- Prevention and detection
Topic 7: Asset Misappropriation – Cash Disbursements10–15%- Billing schemes
- Expense reimbursement schemes
- Check and payment tampering
- Payroll schemes
Topic 8: Asset Misappropriation – Non-Cash Assets5–10%- Inventory and equipment theft
- Concealment techniques
- Misuse of assets
Topic 9: Financial Statement Fraud10–15%- 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.

Your purchase is protected by a 100% Money Back Guarantee with clear conditions: if you take the corresponding CFE-Fraud-Schemes-and-Financial-Crimes exam within 60 days of purchase and do not pass, you can apply for a full refund. The candidate name must match the payer name, and you need to submit a scanned exam enrollment slip together with the official Score Report PDF within 2 days of taking the exam; claims are processed within 7 days. Sitting the exam within 3 days of purchase, downloading without taking the exam, free materials, and expired orders are not covered. If you would rather not take a refund, you can exchange your order for two free exam products of equal value and keep the update service on your original purchase.

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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.
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

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
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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