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ACFE CFE-Fraud-Prevention Exam Syllabus Topics:
| Section | Weight | Objectives |
| Corporate Governance | 20–25% | - Roles of board, management, auditors
- Internal control systems
- Governance frameworks and principles
- 1. OECD guidelines
- 2. Treadway Commission (COSO)
|
| Fraud Risk Assessment | 15–20% | - Assessment implementation and documentation
- Risk identification methodologies
- Risk analysis and prioritization
|
| Fraud Prevention Programs | 15–20% | - Designing prevention strategies
- Communication and training
- Monitoring and continuous improvement
|
| Understanding Criminal Behavior | 5–10% | - Theories of crime causation
- 1. Social control and social learning theory
- 2. Rational choice and routine activities theory
- 3. Differential association theory
- Behavior modification principles
|
| White-Collar Crime | 15–20% | - Definition and characteristics
- Organizational vs occupational crime
- Impact on organizations and society
- Causal factors and opportunity structures
- Legal prosecution and sanctions
|
| Management's Fraud-Related Responsibilities | 5–10% | - Reporting mechanisms
- Establishing anti-fraud policies
- Oversight and accountability
|
| Professional Ethics | 5–10% | - ACFE Code of Professional Ethics
- Conflicts of interest and integrity
- Ethical decision-making
|
ACFE Certified Fraud Examiner - Fraud Prevention and Deterrence Sample Questions:
1. Which of the following statements is MOST ACCURATE regarding an effective system of anti- fraud controls?
A) It decreases a potential fraudster's belief that misbehavior will be detected.
B) It focuses more on detective controls than preventive controls.
C) It reduces the risk of fraud but does not completely eliminate it.
D) It prioritizes implementing preventive controls over detective controls.
2. According to the 2020 Report to the Nations.___________schemes ate the MOST COMMON form of occupational fraud, while_________schemes are the MOST COSTLY form of occupational fraud.
A) Asset misappropriation; corruption
B) Asset misappropriation: financial statement fraud
C) Corruption, asset misappropriation
D) Financial statement fraud: corruption
3. Which of the following is an example of organizational crime?
A) A doctor conspiring with patients to Tile false health care insurance claims
B) Management of several construction companies engaging In bid rigging
C) An accounting clerk forging company checks to herself
D) A salesman offering bribes to secure a contract
4. Which of the following is one of the assertions or principles of the theory of differential association?
A) Criminal behavior is acquired through casual interactions in large groups.
B) Criminal behavior is explained by an individual's general needs and values.
C) Criminal behavior is learned using the same mechanisms as other learning.
D) Criminal behavior is learned through a process that is the same as imitation.
5. According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?
A) Tips
B) Internal audit
C) Confession
D) External audit
Solutions:
Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: A |