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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: White-Collar Crime | 15–20% | - Causal factors and opportunity structures - Impact on organizations and society - Definition and characteristics - Legal prosecution and sanctions - Organizational vs occupational crime |
| Topic 2: Management's Fraud-Related Responsibilities | 5–10% | - Reporting mechanisms - Establishing anti-fraud policies - Oversight and accountability |
| Topic 3: Understanding Criminal Behavior | 5–10% | - Behavior modification principles - Theories of crime causation
|
| Topic 4: Corporate Governance | 20–25% | - Roles of board, management, auditors - Governance frameworks and principles
|
| Topic 5: Fraud Prevention Programs | 15–20% | - Designing prevention strategies - Monitoring and continuous improvement - Communication and training |
| Topic 6: Professional Ethics | 5–10% | - Conflicts of interest and integrity - ACFE Code of Professional Ethics - Ethical decision-making |
| Topic 7: Fraud Risk Assessment | 15–20% | - Assessment implementation and documentation - Risk analysis and prioritization - Risk identification methodologies |
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
According to International Organization for Standardization (ISO) 31000:2018, an effective and efficient risk management program contains all of the following principles EXCEPT:
- A. The program facilitates continuous improvement.
- B. The program is customized and proportionate to the organization's operations and objectives.
- C. The program takes human and cultural factors into account.
- D. The program is static and consistent, even during times of organizational change.
Correct Answer: D 🗳️
Which of the following is a TRUE statement regarding the components of the Committee of Sponsoring Organizations of the Treadway Commission's COSO Internal Control--Integrated Framework the Framework?
- A. Determining the effectiveness of an organization's internal control system involves assessing whether all of the identified components are operating together in an integrated manner.
- B. Determining the effectiveness of an organization's internal control system involves assessing whether the identified components meet minimum regulatory requirements.
- C. The Framework identifies 12 components of internal control that must all be in place for the internal control system to be effective.
- D. Ethical culture is one of the primary components of internal control identified in the Framework.
Correct Answer: A 🗳️
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In identifying the inherent fraud risks that could apply to the organization, the fraud risk assessment team should discuss:
- A. The possibility of management's override of controls
- B. All of the above
- C. The organization's incentive programs
- D. Risks to the organization's reputation
Correct Answer: B 🗳️
Jane, a Certified Fraud Examiner (CFE), was hired lo conduct a fraud examination at XYZ Company Her examination did not reveal any conclusive evidence that fraud had occurred or was occurring Consequently. XYZ's management asked Jane to state in her official examination report that the company is free of fraud as a means of assuring the board of directors that the company's anti-fraud controls were effective. The ACFE Code of Professional Ethics prohibits Jane from complying with management's request.
- A. True
- B. False
Correct Answer: A 🗳️
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According to the differential reinforcement theory, behavior is weakened when positive rewards are gained or punishment is avoided.
- A. True
- B. False
Correct Answer: B 🗳️
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