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ACFE CFE-Fraud-Prevention : Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

Exam Code: CFE-Fraud-Prevention

Exam Name: Certified Fraud Examiner - Fraud Prevention and Deterrence Exam

Updated: Aug 08, 2026

Q & A: 286 Questions and Answers

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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:

SectionWeightObjectives
Corporate Governance and Ethics25%- Ethical culture and tone at the top
- Code of conduct and compliance programs
Fraud Risk Management and Deterrence25%- Monitoring and continuous improvement
- Fraud prevention strategies and programs
Fraud Prevention Framework25%- Fraud risk governance and oversight
- Fraud risk assessment processes
Internal Controls and Fraud Prevention25%- Internal control design and effectiveness
- Fraud detection and prevention controls

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

1. According to Silk and Vogel's research, which of the following is one of the ways that businesses rationalize illegal conduct?

A) Government regulation is unnecessary because the matters being regulated are unimportant.
B) Corporate violations that involve large sums of money are often spread among so many organizations that each gains very little individually.
C) Violations are caused by innocent errors in judgment rather than economic necessity.
D) Government regulations are justified because the additional costs of regulations and bureaucratic procedures increase government profits.


2. Green, a Certified Fraud Examiner (CFE). had an ethical dilemma regarding her business contract with her professional partners. Which of the following sources of guidance would be considered the lowest level of reference to help Green in determining the most ethical course of action?

A) Philosophical principles related to ethics
B) Guidance from her family and friends
C) Contract law
D) The ACFE Code of Professional Ethics


3. Which of the following is an example of organizational crime?

A) An HR employee adding a ghost employee to the payroll and misappropriating the paychecks
B) A sales manager using a corporate credit card for personal expenses
C) Management of several pharmaceutical companies engaging in a price fixing scheme
D) An insurance claims agent conspiring with customers to file false insurance claims and share the proceeds


4. Which of the following is FALSE regarding a fraud risk assessment?

A) The objective of the assessment is to help the organization identify what makes it most vulnerable to fraud.
B) The assessment team should consider how employees behave as part of its assessment
C) The designation of an area as high risk should only occur if the assessment has conclusively revealed that fraud is occurring there.
D) The assessment should be used to improve employee fraud awareness


5. Julia, an internal auditor, is formalizing a process to evaluate the effectiveness of the company's control system over time, including both ongoing evaluations and periodic separate evaluations.
Julia's initiative BEST pertains to which component of the Committee of Sponsoring Organizations of the Treadway Commission's (COSO) Internal Control--Integrated Framework?

A) Control environment
B) Control activities
C) Risk assessment
D) Monitoring


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: D

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