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Exam Code CFE-Financial-Transactions-and-Fraud-Schemes
Exam Name Certified Fraud Examiner - Financial Transactions and Fraud Schemes
Vendor ACFE
Total Questions 190
Last Updated 26-Oct, 2026
Free CFE-Financial-Transactions-and-Fraud-Schemes Questions Get Premium Access
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Free CFE-Financial-Transactions-and-Fraud-Schemes Practice Questions

Explore 5 free practice questions for the ACFE CFE-Financial-Transactions-and-Fraud-Schemes exam and review the answers and explanations to support your preparation.

  1. Question 1

    Single answer

    In Cressey’s fraud triangle, its three of the legs are Opportunity, Pressure and

    • Option A:
      Violation
      Correct
    • Option B:
      Isolation
      Correct
    • Option C:
      Rationalization
      Correct
    • Option D:
      None of the above
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: C

  2. Question 2

    Single answer

    Larceny by Fraud or deception means that:

    • Option A:
      Creates or reinforce a false impression
      Correct
    • Option B:
      Fails to correct a false impression
      Correct
    • Option C:
      Fails to disclose a known lien, adverse claim or other legal impediment
      Correct
    • Option D:
      All of the above
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: C

  3. Question 3

    Single answer

    Aperson is said to be in act, when the business which he transacts, or the money or property which he handles, is not for his own benefit, but for another person:

    • Option A:
      Fiduciary Capacity
      Correct
    • Option B:
      Embezzlement
      Correct
    • Option C:
      Conversion
      Correct
    • Option D:
      None of the above
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: A

  4. Question 4

    Single answer

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

    • Option A:
      Material false statement
      Correct
    • Option B:
      Knowledge that the statement was false when it was uttered
      Correct
    • Option C:
      Reliance on the fast statement by the victim
      Correct
    • Option D:
      All of the above 
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: D

  5. Question 5

    Single answer

    one of the Fraud synonyms implies that deceiving so thoroughly as to obscure the truth:

    • Option A:
       Deceive
      Correct
    • Option B:
      Delude
      Correct
    • Option C:
      Mislead
      Correct
    • Option D:
      Beguile
      Correct
    Show Answer & Explanation Hide Answer & Explanation

    Correct Answer: D