ACFE CFE Exam Questions

ACFE CFE Exam Topics - You’ll Be Tested On

The Association of Certified Fraud Examiners (ACFE) Certified Fraud Examiner (CFE) exam is a rigorous assessment that evaluates an individual's knowledge and skills in the field of fraud examination and anti-fraud measures. It covers a wide range of topics, including fraud examination procedures, legal elements and investigation, financial transactions and fraud schemes, criminology and ethical behavior, and fraud prevention and detection. The exam aims to ensure that professionals possess the necessary expertise to combat fraud effectively. Fraud examination procedures involve understanding the steps and techniques used to investigate and uncover fraudulent activities. This includes planning and scoping investigations, collecting and analyzing evidence, interviewing techniques, and preparing reports. The legal elements and investigation topic covers the legal aspects of fraud, such as understanding the elements of fraud, civil and criminal litigation processes, and the role of the CFE in legal proceedings. Financial transactions and fraud schemes delve into recognizing and analyzing financial statements, identifying red flags, and understanding various fraud schemes like asset misappropriation, corruption, and financial statement fraud. Criminology and ethical behavior explore the psychological and behavioral aspects of fraud, including fraudster profiles, motivation, and the impact of ethics and integrity in fraud prevention. Lastly, fraud prevention and detection strategies focus on implementing controls, monitoring systems, and developing fraud risk management plans to minimize the occurrence of fraud and detect it early on.