Most Recent ACFE CFE Exam Questions & Answers

Prepare for the ACFE Certified Fraud examiner exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the ACFE CFE exam and achieve success.

The questions for CFE were last updated on Jan 17, 2025.

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Question No. 1

The most common method of detection in corruption cases is:

AInternal audits

BInternal controls

CTips

DBy accident

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Correct Answer: C

Question No. 2

A voucher is:

Aa file that includes the purchase order that was send to the vendor, the vendor invoice listing the cost and quantity of items purchased, and the internal receiving reports that verify the purchased items have been delivered.

Ba figure that includes the sale order that was send to the dealer, the vendor invoice listing the cost and quantity of items sold, and the internal receiving reports that verify the purchased items have been delivered.

Ca report that includes the purchase order that was send to the vendor, the vendor invoice listing the quality and quantity of items purchased, and the external receiving reports that verify the items have been sold.

Da mammogram that includes the purchase order that was send to the purchaser, the purchaser invoice listing the benefits and quantity of items purchased, and the internal receiving reports that verify the purchased items have been sold.

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Correct Answer: A

Question No. 3

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

APersuasive evidence of an arrangement exists

BServices has been rendered

CTimings have been met

DCollectability is reasonably assured

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Correct Answer: C

Question No. 4

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

ABid opening

BFictitious Bidding

CBid pooling

DBid log

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Correct Answer: C

Question No. 5

______________ can be detected by closely examining the documentation submitted with the cash receipts.

AVoided purchases

BFictitious refunds

CApproved transaction

DNone of the above

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Correct Answer: B

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