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ACFE CFE (Certified Fraud Examiner) Exam is a rigorous and comprehensive test designed to assess an individual's knowledge and expertise in the field of fraud examination. CFE exam is developed and administered by the Association of Certified Fraud Examiners (ACFE), a professional organization dedicated to preventing, detecting, and investigating fraud worldwide. The CFE designation is recognized and respected in the industry, and obtaining it demonstrates a high level of competence and professionalism in the field of fraud examination.

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To become a CFE, candidates must meet certain eligibility requirements such as having a minimum of a bachelor's degree and relevant work experience in the field of fraud examination. CFE exam consists of four sections that can be taken in any order and each section consists of 125 multiple-choice questions. CFE Exam is computer-based and can be taken at any of the designated testing centers around the world.

ACFE Certified Fraud Examiner Sample Questions (Q72-Q77):

NEW QUESTION # 72
The scheme in which the same vendor is receiving favorable treatment can be found in purchases by vendor searches.

Answer: A

Explanation:
Section: Investigation


NEW QUESTION # 73
Fill in the Blanks
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.

Answer:

Explanation:
Inventorycontrol


NEW QUESTION # 74
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referring to as:

Answer: B


NEW QUESTION # 75
Collusion or bid-rigging between bidders is called

Answer: B


NEW QUESTION # 76
Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's side of the transaction who is not making an illicit payment.

Answer: B

Explanation:
Section: Fraud Prevention and Deterrence


NEW QUESTION # 77
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