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- Total Questions: 355
- Updated on: Aug 25, 2026
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ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Overview:
| Certification Vendor: | Association of Certified Fraud Examiners (ACFE) |
|---|---|
| Exam Name: | Fraud Schemes and Financial Crimes |
| Exam Number: | CFE-Fraud-Schemes-and-Financial-Crimes |
| Exam Price: | USD 480 (includes first attempt of all 3 sections; retake: USD 110 per section) |
| Available Languages: | Spanish, Arabic, Italian, Portuguese, French, Chinese, German, English |
| Exam Format: | Multiple-choice, True/False, Closed-book |
| Exam Duration: | 150 minutes |
| Certificate Validity Period: | Exam scores valid 5 years; credential valid 3 years with continuing education |
| Passing Score: | 75% |
| Real Exam Qty: | 120 |
| Related Certifications: | CFE - Fraud Investigations and Legal Issues CFE - Fraud Prevention and Deterrence |
| Recommended Training: | ACFE CFE Exam Prep Course Fraud Examiners Manual |
| Exam Registration: | ACFE Certification Portal Prometric Scheduling |
| Sample Questions: | ACFE CFE-Fraud-Schemes-and-Financial-Crimes Sample Questions |
| Exam Way: | Remote proctoring via Prometric ProProctor; In-person at Prometric test centers; closed-book format |
| Pre Condition: | ACFE Associate Membership; minimum 40 eligibility points (education + experience + professional credentials); no prior exam required |
| Official Syllabus URL: | https://www.acfe.com/cfe-credential/about-the-cfe-exam |
ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Corruption Schemes | 5–10% | - Illegal gratuities and extortion - Bribery and kickbacks - Conflicts of interest |
| Topic 2: Identity Theft | 1–5% | - Types and techniques - Prevention and detection |
| Topic 3: Asset Misappropriation – Cash Disbursements | 10–15% | - Check and payment tampering - Payroll schemes - Expense reimbursement schemes - Billing schemes |
| Topic 4: Asset Misappropriation – Cash Receipts | 5–10% | - Cash larceny schemes - Cash skimming schemes - Prevention and detection methods |
| Topic 5: Industry-Specific Financial Crimes | 15–25% | - Healthcare fraud - Real estate and securities fraud - Insurance fraud - Financial institution fraud - Cyber-enabled and cryptocurrency fraud |
| Topic 6: Asset Misappropriation – Non-Cash Assets | 5–10% | - Misuse of assets - Inventory and equipment theft - Concealment techniques |
| Topic 7: Theft of Data and Intellectual Property | 5–10% | - Safeguarding proprietary information - Data and IP theft methods - Corporate espionage |
| Topic 8: Financial Statement Fraud | 10–15% | - Timing and disclosure manipulations - Revenue and asset overstatements - Expense and liability understatements - Detection and red flags |
| Topic 9: Accounting Concepts | 5–10% | - Internal control fundamentals - Financial statements structure - Recording and summarizing transactions - Basic accounting principles |
ACFE CFE-Fraud-Schemes-and-Financial-Crimes Exam — Your Questions, Answered
The CFE-Fraud-Schemes-and-Financial-Crimes exam, officially titled Certified Fraud Examiner -Fraud Schemes and Financial Crimes, is the ACFE exam you pass to earn the Certified Fraud Examiner (CFE) certification, a credential at the Professional level. Passing it confirms the skills defined in the official exam outline, and it is associated with related credentials such as CFE - Fraud Investigations and Legal Issues, CFE - Fraud Prevention and Deterrence.
The CFE-Fraud-Schemes-and-Financial-Crimes exam includes 120 questions and gives you 150 minutes to finish them. That is a tight pace per question, so get used to reading each stem once, flagging anything uncertain, and moving on rather than getting stuck. Running timed practice tests in the Fast2test desktop or online test engine is the most reliable way to build that rhythm before exam day.
The passing score for the CFE-Fraud-Schemes-and-Financial-Crimes exam is 75%, and the official registration fee is USD 480 (includes first attempt of all 3 sections; retake: USD 110 per section). Keep in mind that a failed attempt means paying USD 480 (includes first attempt of all 3 sections; retake: USD 110 per section) again in full to retake it, so book your slot only when your scores on Fast2test practice tests sit consistently above the passing line.
ACFE lists the following prerequisites or eligibility notes for the CFE-Fraud-Schemes-and-Financial-Crimes exam: ACFE Associate Membership; minimum 40 eligibility points (education + experience + professional credentials); no prior exam required. Requirements can change over time, so confirm the details on the official exam page at ACFE's official site before you register.
You can register for the CFE-Fraud-Schemes-and-Financial-Crimes exam through the official channels below:
The exam is delivered in the following format: Remote proctoring via Prometric ProProctor; In-person at Prometric test centers; closed-book format. Choose a date that leaves you enough time to work through the full 355-question practice set first.
ACFE recommends the following training resources for CFE-Fraud-Schemes-and-Financial-Crimes candidates:
Official courses build the theory, and the 355 practice questions from Fast2test help you turn that theory into exam-ready speed and accuracy.
Yes. Fast2test offers a free PDF demo of the CFE-Fraud-Schemes-and-Financial-Crimes material, so you can check the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
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The CFE-Fraud-Schemes-and-Financial-Crimes exam blueprint is divided into 9 domains, starting with Industry-Specific Financial Crimes (15–25%); Asset Misappropriation – Non-Cash Assets (5–10%); Accounting Concepts (5–10%). For the complete domain-by-domain breakdown, see the Exam Topics section above — it lists every topic the current outline covers.
ACFE Certified Fraud Examiner -Fraud Schemes and Financial Crimes Sample Questions:
Question 1
If the assets are intentionally purchased by the company but simply misappropriated by the fraudster, this is referred to as:
A. Fraudulent purchase
B. Falsify shipping
C. Asset receiving scheme
D. Inventory larceny scheme
Question 2
Which of the following is a common red flag of a bid tailoring scheme?
A. The procuring entity's request for bid submissions provides clear bid submission information.
B. There are unusually narrow specifications for the type of goods being procured.
C. Numerous bidders respond to the procuring entity's bid requests.
D. The procuring entity rebids contracts because fewer than the minimum number of bids are received.
Question 3
Which counts sometimes can give rise to inventory theft detection?
A. Perpetual inventory counts
B. Concealment inventory counts
C. None of the above
D. Physical inventory counts
Question 4
People commit financial statement fraud to:
A. Conceal false business performances
B. Preserve personal status/control
C. Stand outside the accounting system
D. Maintain personal income
Question 5
Which of the following is a method of identity theft prevention that is recommended for individuals?
A. Only use email to send personal information when contacting reputable organizations.
B. Use biometric authentication when it is available.
C. Install security updates and patches for personal computers annually.
D. Do not reuse passwords for more than two accounts.
Solutions:
| Question 1 Answer: A | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: A | Question 5 Answer: B |
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