Free ACFE CFE Exam Actual Questions

The questions for CFE were last updated On Dec 17, 2024

Question No. 1

Every bribe is a two-sided transaction, in which where a vendor bribes a purchaser, there is someone on the vendor's side of the transaction who is not making an illicit payment.

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Correct Answer: B

Question No. 2

A process by which several bidders conspire to split contracts up and ensure that each gets a certain amount of work is called:

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Correct Answer: C

Question No. 3

In ____________ scheme, a supplier pays an employee of the purchasing company to write specifications that will require amendments at a later date.

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Correct Answer: A

Question No. 4

In ___________ scheme, an employee creates false vouchers or submits false invoices to the employer.

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Correct Answer: D

Question No. 5

One reason employees might be hesitant to use PO boxes in shell company schemes is that some businesses are specially vary of sending checks to vendors that have street addresses only.

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Correct Answer: B