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ACFE CFE-Fraud-Prevention Exam Overview:
| Certification Vendor: | ACFE (Association of Certified Fraud Examiners) |
| Exam Name: | Certified Fraud Examiner - Fraud Prevention and Deterrence Exam |
| Exam Number: | CFE-Fraud-Prevention |
| Exam Format: | Multiple Choice, True/False, Computer-based, Closed-book |
| Passing Score: | 75% |
| Related Certifications: | CFE - Financial Transactions and Fraud Schemes CFE - Fraud Investigations and Legal Issues |
| Available Languages: | English |
| Exam Price: | $480 USD (includes all sections; retake $110 USD) |
| Real Exam Qty: | 70 |
| Certificate Validity Period: | 5 years from certification date |
| Exam Duration: | 90 minutes |
| Recommended Training: | CFE Exam Review Course Fraud Examiners Manual |
| Exam Registration: | ACFE Official Registration |
| Sample Questions: | ACFE CFE-Fraud-Prevention Sample Questions |
| Exam Way: | Online remote proctoring (ProProctor) or in-person at Prometric testing centers worldwide |
| Pre Condition: | Minimum 50 eligibility points (education + professional experience); bachelor's degree or equivalent plus relevant work experience required |
| Official Syllabus URL: | https://www.acfe.com/examoutline/-/media/fde6a89275d248339f8ebb9bb5254b25.ashx |
ACFE CFE-Fraud-Prevention Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Fraud Risk Assessment | 15–20% | - Risk identification methodologies - Risk analysis and prioritization - Assessment implementation and documentation |
| Topic 2: Professional Ethics | 5–10% | - Conflicts of interest and integrity - ACFE Code of Professional Ethics - Ethical decision-making |
| Topic 3: Fraud Prevention Programs | 15–20% | - Designing prevention strategies - Monitoring and continuous improvement - Communication and training |
| Topic 4: Management's Fraud-Related Responsibilities | 5–10% | - Establishing anti-fraud policies - Reporting mechanisms - Oversight and accountability |
| Topic 5: Understanding Criminal Behavior | 5–10% | - Theories of crime causation
|
| Topic 6: White-Collar Crime | 15–20% | - Impact on organizations and society - Causal factors and opportunity structures - Definition and characteristics - Legal prosecution and sanctions - Organizational vs occupational crime |
| Topic 7: Corporate Governance | 20–25% | - Governance frameworks and principles
|
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
1. According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?
A) Confession
B) Internal audit
C) Tips
D) External audit
2. Aqua Corp.'s board of directors is meeting to discuss fraud risk management within the organization. Which of the following activities is among the board of directors' primary responsibilities related to fraud risk management for the company?
A) Monitoring and proactively improving the fraud risk management program.
B) Overseeing the organization's fraud risk management activities.
C) Performing and regularly updating the fraud risk assessment.
D) Implementing the fraud risk management program throughout the organization.
3. According to ACFE research, which of the following is TRUE regarding prosecutions of white- collar criminals?
A) The primary reason that organizations decline to prosecute fraud cases is a lack of evidence.
B) Only a small percentage of perpetrators are punished when an organization handles a fraud case internally.
C) The most common internal response to a substantiated fraud case is to terminate the employee.
D) Most fraud cases are only handled internally and are not referred to law enforcement for prosecution.
4. Which of the following statements regarding best practices that organizations can take to protect and support whistleblowers is MOST ACCURATE?
A) Organizations should emphasize that rules regarding whistleblower protections are only intended for lower level employees who might be more vulnerable to retaliation.
B) Organizations should publicize their whistleblower procedures internally but should avoid communicating any procedural information to parties outside of the organization.
C) Organizations should establish formal consequences that are to be imposed upon employees at the company who retaliate against a whistleblower.
D) Organizations should implement a clear whistleblower policy that lists out every type of misconduct that has ever been reported at the company.
5. Which of the following is an example of organizational crime?
A) An insurance claims agent conspiring with customers to file false insurance claims and share the proceeds
B) A sales manager using a corporate credit card for personal expenses
C) Management of several pharmaceutical companies engaging in a price fixing scheme
D) An HR employee adding a ghost employee to the payroll and misappropriating the paychecks
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
By Heather
