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Certified Fraud Examiner (CFE) - ACFE Exam Questions

Last updated on June 20, 2026

97% Exam Compliance
186 Total Questions
1
Question
When expenses used to produce income- all of them- should be matched in a consistent manner against that income, this is referred to:
Options
A Financial record
B Expense
C Accrual basis accounting
D Equity
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2
Question
FILL IN THE BLANK The _______________ cost method of pricing would carry an asset’s value on the financial statements as what it would currently cost, considering inflation.
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3
Question
The more power a person has over the bidding process, the more likely the person can influence the selection of a supplier.
Options
A True
B False
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4
Question
________ increase assets and expenses and/or decrease liabilities and/or equity
Options
A None of all
B Credit
C Debit
D Journal Entries
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5
Question
Which of the four basic measures, if properly installed and implemented may help prevent inventory fraud?
Options
A prenumbered affiliations, segregation of duties, independent checks and physical safeguards
B Proper documentation, segregation of duties, independent checks and inventory control
C Proper documentation, physical padding, independent checks and physical safeguards
D Proper documentation, segregation of duties, independent checks and physical safeguards
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