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SIMULATION
The _______________ cost method of pricing would carry an asset’s value on the financial statements as what it would currently cost, considering inflation.
Answer is in the explanation below.
According to Hollinger and Clark for Policy development, management must pay attention to:
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A clear understanding regarding theft behavior
Enforcement of sanctions
Both A & B
Neither A nor B
When a victim company purchases unnecessary goods or services from a supplier at the direction of the corrupt employee, this results in:
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Presolicitation scheme
Need recognition scheme
False sole-source scheme
Submission scheme
Depreciation is especially applicable when companies try to overvalue their assets and net worth; the lower their depreciation expense, the higher the company’s profits.
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True
False
Financial statement fraud is committed by:
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Organized criminals
Mid and lower level employees
Senior Management
All of the above
Occupational fraud and abuse is a (an) __________ of doing business, in much the same way that we pay expenses for electricity, taxes and wages.
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Equity
Balance sheet
Expense
Financial record
Placing any restriction in the solicitation documents that tend to restrict competition is called prebid solicitation.
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True
False
In physical tampering prevention technique, hidden images can be seen only when the check is held at an angle through:
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High-resolution sprays
Holographic safety inks
Watermark backers
Chrome coloring
The person or persons who have access to __________ are often the targets of unethical vendors seeking an advantage in the process.
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Bid-splitting
Sealed bids
General purchasing
Tailor specifications
The most common method of detection in corruption cases is:
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Internal audits
Internal controls
Tips
By accident
This free practice test covers the Certified Fraud Examiner (CFE) exam from ACFE. The 10 questions come free from the full 161-question Study4Pass practice set — a quick, honest check of where you stand. The free sample includes 9 single-answer and 1 hands-on lab questions — the same mix of formats you will meet in the full set. The set follows the real exam’s spread of topics: Financial Transactions and Fraud Schemes, Fraud Prevention and Deterrence and Investigation. The Certified Fraud Examiner (CFE) exam is a comprehensive exam administered by the Association of Certified Fraud Examiners (ACFE).
The primary target audience of the ACFE CFE Exam is Certified Fraud Examiners (CFEs) who wish to become Certified Fraud Examiners. The prerequisite for the ACFE CFE Exam is a bachelor's degree from an accredited college or university and two years of professional experience in fraud prevention, detection, or deterrence, or…
Work through the questions one at a time and read every explanation, even for the ones you get right — the reasoning behind an answer is what the real exam tests. If one area keeps costing you marks, you have found exactly what to revise before exam day.
Think of the result as a map, not a verdict. The questions you miss point straight at the topics that need work, and the explanations tell you why the correct option wins. Candidates who loop through that cycle — practise, review the reasoning, re-test — walk into the real exam having already seen their weak spots and fixed them.
Inside the full CFE practice set:
There is no clock and no account needed. Answer each question, check the result, and read the explanation before moving on. For anything that still feels unclear, Ask AI is built into this AI-Enabled practice test — it explains the concept behind the question so the next one like it gets easier. Ready for more? The full 161-question set adds a timed Exam Simulation mode, topic training for your weak areas, and a flagged-question review, so you can practise the way the real exam feels.
Yes — the 10 questions on this page are completely free, with no signup and no payment details needed.
161 questions. The 10 free questions above are a sample of that full set, in the same style and topic balance.
Yes — every question shows the correct answer with an explanation, and Ask AI can explain the concept behind a question in plain words if you want to go deeper.
No. This is a practice test: the questions are written to mirror the real CFE exam’s topics and difficulty, not copied from it.