CFE Fraud Schemes and Financial Crime Dumps (V8.02): Check Free Demo Questions (Part 1, Q1-Q40) to Access Quality

DumpsBase has released the CFE Fraud Schemes and Financial Crime dumps (V8.02) to help you complete the ACFE Certified Fraud Examiner (CFE) credential. The newly released dumps provide a a modern and effective way for you to prepare for the ACFE CFE credential.

What is the ACFE Certified Fraud Examiner (CFE) Credential?

The Certified Fraud Examiner (CFE) is a globally recognized professional certification awarded by the Association of Certified Fraud Examiners (ACFE). It proves you can handle complex, multi-layered financial investigations from start to finish. As a CFE candidate, you must know that ACFE just rolled out a major syllabus update on June 2, 2026. Currently, you must complete three sections to achieve the CFE:

• Fraud Schemes and Financial Crimes
• Fraud Investigations and Legal Issues
• Fraud Prevention and Deterrence

Among these three sections, the CFE Fraud Schemes and Financial Crime heavily focuses on the mechanisms of fraud and the foundational financial knowledge required to identify it.

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Preparing for the ACFE CFE Fraud Schemes and Financial Crimes exam requires accurate and up-to-date study materials. DumpsBase offers carefully verified and updated dumps designed to reflect the latest exam objectives. CFE Fraud Schemes and Financial Crimes dumps V8.02 help you focus on relevant content without wasting time on outdated topics. Whether you are a first-time candidate or retaking the exam, these dumps support a smarter and more targeted study approach.

Access Quality First – CFE Fraud Schemes and Financial Crime Free Demo Questions (Part 1, Q1-Q40) V8.02

How to confirm DumpsBase CFE Fraud Schemes and Financial Crimes dumps V8.02 are valid? We share the free dumps online, including 120 free demo questions in total. Today, the first part is coming, containing 40 free questions. These demo questions cover key topics for the exam, including fraud theory, legal elements of fraud, offender types, internal controls, and fraud deterrence.

1. _________ is defined as a person who works for the victim organization and who is the primary culprit.

Employee perpetrator

2. Which of the following search is used for unusually high incidence of returns and allowances scheme?

Allowances by vendors

Disposals of allowances than reorders

Returns and allowances

None of the above

3. The excess credits (or debits) on the income statement are used to decrease (or increase) the equity account.

True

False

4. A ____________ can be very costly for an organization to undertake, both in terms of money and time spent.

Investigation

5. A __________ is a day-by-day, or chronological, record of transactions.

Asset

Journal

Checkbook

Ledger

6. The amount of cash on hand in a register may be compared to the amount showing in the register tape in order to detect _______.

Employee theft

Recorded sales

Internal audits

Occupational frauds

7. Which of the following offender types are people who take the money and run away?

Absconders

Long-term violators

Offender types

None of the above

8. Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes, and wages.

Equity

Balance sheet

Expense

Financial record

9. Skimming is:

The removal of cash from a victim entity prior to its entry in an accounting system.

The addition of cash from a victim entity prior to its entry in an accounting system.

The removal of cash from a victim entity after its entry in an accounting system.

None of above

10. According to SAB 104, for revenue to be considered realized or realizable and earned, which of the following criteria is NOT met?

Persuasive evidence of an arrangement exists

Services have been rendered

Timings have been met

Collectability is reasonably assured

11. The most common method of detection in corruption cases is:

Internal audits

Internal controls

Tips

By accident

12. The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a willing seller is called:

Absolute value

Fair value

Cost value

Material value

13. The principle behind full disclosure is:

Any material deviation from GAAP must be explained to the reader of the financial information.

Any material deviation from SAS must be explained to the writer of the financial information.

Any material deviation from GAAP must be explained to the writer of the financial information.

None of above

14. Which of the following factors is NOT included in most financial statement schemes?

Fictitious revenues

Persuasive Evidence

Concealed liabilities and expenses

Improper asset valuations

15. Once the expense account is closed, it becomes a historical item and probably will never be reviewed again.

True

False

16. __________ inventory and other assets is a relatively common way for fraudsters to remove assets from the books before or after they are stolen.

Altered

Perpetual

False shipping slip

Write-offs

17. Bid-rigging scheme occurs when:

An employee fraudulently assists a vendor in winning a contract through the competitive bidding process.

An employee does not assist a vendor in winning a contract through the competitive bidding process.

An employee once assists a vendor in winning a contract through a single competitive bidding process.

An employee once assists a vendor in winning a contract through a single competitive bidding process.

18. Which of the following are not basic types of non-sharable problems?

Violation of ascribed obligations

Business reversals

Physical isolation

Larceny by fraud

19. ________ increase assets and expenses and/or decrease liabilities and/or equity.

Journal Entries

Debit

Credit

None of all

20. “Anticipate possible losses and omit potential profits”, this results in:

Asymmetrical accounting

Symmetrical accounting

Playing accounting

Bearing accounting

21. The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.

True

False

22. Physical assets including _________ and ________ are the most commonly misappropriated noncash assets in our study.

Interest & Collusion

Inventory & Equipment

Inventory & Purchase

Sales & Equipment

23. The difference between assets and liabilities is called:

Equity

Expense

Revenue

Income statement

24. Perceived certainty of detection is directly related to employee theft for respondents in all industry sectors, that is, the stronger the perception that theft would be detected, the more the likelihood that the employee would engage in deviant behavior.

True

False

25. According to a survey, in principal perpetrator cases, males were the primary culprit in a majority of cases, accounting for ___ percent of frauds versus ___ percent for females.

62 versus 36

61 versus 39

62 versus 37

None of the above

26. Which counts sometimes can give rise to inventory theft detection?

Perpetual inventory counts

Physical inventory counts

Concealment inventory counts

None of the above

27. When expenses used to produce income―all of them―should be matched in a consistent manner against that income, this is referred to:

Equity

Accrual basis accounting

Expense

Financial record

28. Skimming cases can more likely be detected by:

Internal audits

Accidents

Internal controls

Occupational frauds

29. The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.

Bid-splitting

Sealed bids

General purchasing

Tailor specifications

30. In which approach do fraudsters produce whatever financial statements they wish, perhaps using just a typewriter or a personal computer?

Organized accounting

Playing the accounting

Beating accounting

Outside accounting system

31. Which of the following is the amount of money that would be realized upon the sale of the asset at some point in the future, less the costs associated with owning, operating, and selling it?

Net realizable value

Going concern

Cost

Fair value

32. Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.

True

False

33. ___________ is to allow the owner, investors, creditors, and others with an interest to know the appropriate book worth of the business at a particular date.

Equity

Balance sheet

Income statement

Financial record

34. Which of the following is not a skimming scheme?

Unrecorded sales

Fraud & Cost

Theft of checks through the mail

Understated sales and receivables

35. In which phase of the competitive bidding process do fraudsters attempt to influence the selection of a contractor by restricting the pool of competitors from whom bids are sought?

Need recognition

Solicitation

False specification

Submission

36. In the fraud scale, pressure, opportunity, and integrity variables all result in a list of ___ possible red flags or indicators of occupational fraud and abuse.

81

82

83

84

37. The prime targets for skimming schemes, which are hard to monitor and predict such as late fees and parking fees, are:

Revenue sources

Recorded sales

Internal audits

Register manipulations

38. Financial statement fraud is committed by:

Organized criminals

Mid and lower-level employees

Senior Management

All of the above

39. ______________ is required not only for theft, but for procedures to detect errors, avoid waste, and ensure a proper amount of inventory is maintained.

Internal control

40. Which of the following must be present for a fraud to exist?

A material false statement

Knowledge that the statement was false when it was uttered

Reliance on the false statement by the victim

All of the above

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