100% Free ACFE CFE-Fraud-Prevention-and-Deterrence Practice Test Questions and Answers 2026

Start Learning with the Latest and Real 100% Free ACFE CFE-Fraud-Prevention-and-Deterrence Exam Questions

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Total 360 Questions | Updated On: May 23, 2026

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Question 1

Which of the following best defines ‘exponential moving average’?

A : A process by which the reorder of an item is triggered by the inventory level dropping to a predetermined level

B : A forecasting technique where the average is calculated by dividing the sum of the values by the number of values

C : A forecasting technique where each demand is multiplied by a weighting factor

D : A process by which a decision is taken at a period end or review point to determine how much to reorder

Answer: C

Question 2

Fraud risks related to corruption include:

A : Reporting revenue in the wrong accounting period

B : Fraudulent customer payments

C : Espionage by competitors

D : Payment of bribes to procure business

Answer: D

Question 3

According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?

A : Internal audit

B : Confession

C : Tips

D : External audit

Answer: C

Question 4

Consistently punishing perpetrators can be an effective fraud prevention mechanism

A : True

B : False

Answer: A

Question 5

Which of the following is LEAST LIKELY to be a factor that directors and management should consider when developing a corporate governance framework for an organization?

A : The organization's cultural environment

B : The organization's legal and regulatory environment

C : The organization's physical operating environment

D : The organization's ethical environment

Answer: C

Page: 1 / 72

Total 360 Questions | Updated On: May 23, 2026

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