ACFE CFE-Fraud-Prevention Q&A - in .pdf

  • Exam Code: CFE-Fraud-Prevention
  • Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
  • Updated: Sep 26, 2026
  • Q & A: 286 Questions and Answers
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  • Exam Code: CFE-Fraud-Prevention
  • Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam
  • Updated: Sep 26, 2026
  • Q & A: 286 Questions and Answers
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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Fraud Prevention Programs15–20%- Communication and training
- Designing prevention strategies
- Monitoring and continuous improvement
Professional Ethics5–10%- Conflicts of interest and integrity
- ACFE Code of Professional Ethics
- Ethical decision-making
White-Collar Crime15–20%- Definition and characteristics
- Organizational vs occupational crime
- Legal prosecution and sanctions
- Causal factors and opportunity structures
- Impact on organizations and society
Understanding Criminal Behavior5–10%- Theories of crime causation
  • 1. Differential association theory
  • 2. Rational choice and routine activities theory
  • 3. Social control and social learning theory
- Behavior modification principles
Management's Fraud-Related Responsibilities5–10%- Reporting mechanisms
- Oversight and accountability
- Establishing anti-fraud policies
Corporate Governance20–25%- Governance frameworks and principles
  • 1. Treadway Commission (COSO)
    • 2. OECD guidelines
      - Roles of board, management, auditors
      - Internal control systems
      • 1. COSO five components
        Fraud Risk Assessment15–20%- Assessment implementation and documentation
        - Risk identification methodologies
        - Risk analysis and prioritization

        ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:

        Question #1

        An employee submits reimbursement requests for personal expenses disguised as business expenses. This scheme is BEST classified as:

        • A. Financial statement fraud
        • B. Expense reimbursement fraud
        • C. Corruption
        • D. Billing fraud
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

        Question #2

        According to Diane Vaughan. which of the following factors increases an organization's inherent inclination toward committing crime?

        • A. All of the above
        • B. Rewards are given to employees who challenge the status quo
        • C. Management encourages employee loyalty through social functions
        • D. Management separates employee performance goals from company performance goals
        Reveal Solution  Discussion  0

        Correct Answer: D  🗳️

        Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

        Question #3

        Reporting known incidents of fraud to law enforcement can be an effective fraud prevention mechanism.

        • A. False
        • B. True
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

        Question #4

        Sycamore Inc. has a simple organizational structure with few specialized departments. The structure of Sycamore Inc. increases the likelihood that fraud will go undetected within the organization.

        • A. False
        • B. True
        Reveal Solution  Discussion  0

        Correct Answer: B  🗳️

        Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).

        Question #5

        According to International Organization for Standardization (ISO) 31000:2018, an effective and efficient risk management program contains all of the following principles EXCEPT:

        • A. The program facilitates continuous improvement.
        • B. The program takes human and cultural factors into account.
        • C. The program is static and consistent, even during times of organizational change.
        • D. The program is customized and proportionate to the organization's operations and objectives.
        Reveal Solution  Discussion  0

        Correct Answer: C  🗳️

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