100% Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Practice Test Questions and Answers 2026

Start Learning with the Latest and Real 100% Free ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Questions

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Total 190 Questions | Updated On: May 22, 2026

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Question 1

___________ should be examined to see that all are properly documented and that inappropriate payments have not been made to employees.

A : Payable cash

B : Cash advances

C : counterfeit checks

D : Payable checks

Answer: B

Question 2

In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:

A : High-resolution sprays

B : Holographic safety inks

C : Watermark backers

D : Chrome coloring

Answer: C

Question 3

____________ is a summary of the account balances carried in a ledger.

A : Balance sheet

B : Income statement

C : Financial statement

D : General journal

Answer: C

Question 4

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

A : Inventory larceny scheme

B : Asset receiving scheme

C : Fraudulent purchase

D : Falsify shipping

Answer: A

Question 5

The principal way to detect omitted credits from books of account is through:

A : Forced Balance

B : Trend analysis

C : Expense account

D : None of all

Answer: B

Page: 1 / 38

Total 190 Questions | Updated On: May 22, 2026

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