The CFE-Financial Transactions-and-Fraud-Schemes exam is one of the four exams that candidates must pass in order to obtain the CFE designation. CFE-Financial-Transactions-and-Fraud-Schemes exam focuses on financial transactions and fraud schemes, which are common tactics used by fraudsters to deceive individuals and organizations. Some of the topics covered in CFE-Financial-Transactions-and-Fraud-Schemes exam include financial statement fraud, asset misappropriation, corruption, money laundering, and cybercrime.
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ACFE CFE-Financial-Transactions-and-Fraud-Schemes certification exam is designed to test the skills and knowledge of professionals in the field of fraud examination. CFE-Financial-Transactions-and-Fraud-Schemes exam covers a wide range of topics related to financial transactions and fraud schemes, including fraud prevention and detection, financial statement analysis, and money laundering. CFE-Financial-Transactions-and-Fraud-Schemes exam is intended for professionals who work in fields such as accounting, law enforcement, and audit, and who are responsible for identifying and investigating fraud in their organizations.
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ACFE CFE-Financial-Transactions-and-Fraud-Schemes Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Financial Statement Fraud | 10–15% | - Asset and liability misrepresentation
- Financial statement analysis techniques
- Improper disclosures
- Revenue recognition schemes
|
| Topic 2: Asset Misappropriation – Cash Receipts | 5–10% | - Cash skimming schemes
- Prevention and detection methods
- Cash larceny
|
| Topic 3: Asset Misappropriation – Fraudulent Disbursements | 15–20% | - Electronic payment tampering
- Billing schemes
- Payroll fraud schemes
- Expense reimbursement fraud
- Register disbursement fraud
|
| Topic 4: Internal Control and Fraud Prevention | 10–15% | - Control testing and evaluation
- Design of anti-fraud controls
- Fraud risk assessment
|
| Topic 5: Corruption Schemes | 5–10% | - Conflicts of interest
- Illegal gratuities and extortion
- Prevention and detection strategies
- Bribery and kickbacks
|
| Topic 6: Basic Accounting and Auditing Concepts | 15–20% | - Fundamental accounting principles
- Auditing standards and procedures
- Internal control frameworks and objectives
- Financial statement components and relationships
|
| Topic 7: Asset Misappropriation – Inventory and Other Assets | 5–10% | - Concealment of asset shrinkage
- Inventory theft and misuse
- Prevention and detection controls
|
| Topic 8: Other Fraud Schemes | 10–15% | - Healthcare fraud
- Theft of data and intellectual property
- Insurance fraud
- Identity theft and financial crimes
- Procurement and contract fraud
|