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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Management's Fraud-Related Responsibilities | 5–10% | - Reporting mechanisms - Oversight and accountability - Establishing anti-fraud policies |
| Corporate Governance | 20–25% | - Roles of board, management, auditors - Internal control systems
|
| Fraud Prevention Programs | 15–20% | - Monitoring and continuous improvement - Communication and training - Designing prevention strategies |
| White-Collar Crime | 15–20% | - Definition and characteristics - Organizational vs occupational crime - Causal factors and opportunity structures - Legal prosecution and sanctions - Impact on organizations and society |
| Fraud Risk Assessment | 15–20% | - Assessment implementation and documentation - Risk analysis and prioritization - Risk identification methodologies |
| Professional Ethics | 5–10% | - ACFE Code of Professional Ethics - Conflicts of interest and integrity - Ethical decision-making |
| Understanding Criminal Behavior | 5–10% | - Behavior modification principles - Theories of crime causation
|
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
1. Which of the following is a detective anti-fraud control?
A) Hiring policies and procedures
B) Fraud awareness training
C) Separation of duties
D) Independent reconciliations
2. Which of the following statements is MOST ACCURATE regarding an organization's fraud risk management program?
A) Systems to monitor and identify breaches in compliance must be included in the fraud risk management program.
B) Punishment for intentional noncompliance should be individualized based on the offender's personal circumstances.
C) All employees at the organization should be responsible for monitoring compliance with the program.
D) Formal sanctions for intentional noncompliance should be kept private and only shared if a party absolutely needs to know.
3. At the end of an engagement, a Certified Fraud Examiner (CFE) might provide a report to their client about the information uncovered during the investigation. Which of the following statements is TRUE regarding the potential privilege that applies to this report?
A) A fraud examiner's report is considered privileged information and is therefore protected from being legally demanded by outside parties.
B) A fraud examiner's report is only privileged from disclosure if the author is also a professional legal advisor.
C) A fraud examiner's report is privileged from disclosure by anyone other than the client.
D) A fraud examiner's report may be privileged from disclosure in certain circumstances, but it does not have an absolute legal privilege.
4. According to the Committee of Sponsoring Organizations of the Treadway Commission (COSO), internal control is defined as:
A) The system enacted to ensure effective oversight of the board of directors, management, and all other parties responsible for an organization's direction, operations, and performance.
B) A process aimed at proactively identifying, assessing, and managing an organization's vulnerabilities to fraud by both internal and external sources.
C) A process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance.
D) The system that is designed and implemented to eliminate all uncertainty and risk while also ensuring the achievement of organizational goals.
5. Which of the following scenarios is the MOST ACCURATE representation of organizational crime?
A) A retail clerk colluding with a friend to commit a scheme involving fraudulent returns.
B) An agreement between all the local floral companies to unnecessarily raise prices.
C) An accountant uses company funds to pay personal credit card charges.
D) An inventory manager taking home the company's product to sell privately.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |








