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Exam Code: CFE-Fraud-Schemes-and-Financial-Crimes
Exam Name: Certified Fraud Examiner -Fraud Schemes and Financial Crimes
Updated: Sep 28, 2026
Q & A: 355 Questions and Answers
CFE-Fraud-Schemes-and-Financial-Crimes Free Demo download
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| Section | Objectives |
|---|---|
| Topic 1: Financial Crimes | - Money Laundering
|
| Topic 2: Fraud Schemes | - Asset Misappropriation Schemes
|
Which of the following is a method that might be used to fraudulently overstate the inventory balance?
Correct Answer: B 🗳️
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Joe's automobile insurance policy expired in June. In August, Joe was involved in an automobile accident, and his vehicle was severely damaged. After the accident, Joe contacted his insurance company and reinstated the policy. In September, Joe then submitted a claim with a September accident date for the damages that occurred to his vehicle in August. Joe has engaged in which of the following insurance schemes?
Correct Answer: A 🗳️
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Which of the following statements about self-regulatory organizations (SROs) in the securities industry is MOST ACCURATE?
Correct Answer: C 🗳️
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Which of the following is NOT a standard of generally accepted accounting principles (GAAP)?
Correct Answer: B 🗳️
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Antonia, a Certified Fraud Examiner (CFE), discovers that a loan applicant misrepresented their creditworthiness and income to qualify for a mortgage on a new house. Which type of loan fraud BEST describes the scheme that Antonia uncovered?
Correct Answer: B 🗳️
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