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ACFE CFE-Financial-Transactions-and-Fraud-Schemes (Certified Fraud Examiner - Financial Transactions and Fraud Schemes) Certification Exam is a professional certification program developed by the Association of Certified Fraud Examiners (ACFE). CFE-Financial-Transactions-and-Fraud-Schemes exam is designed for professionals who are interested in developing their skills in detecting and preventing financial fraud in various industries. CFE-Financial-Transactions-and-Fraud-Schemes exam covers a wide range of topics, including financial transactions, fraud schemes, and investigation techniques.
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| Section | Weight | Objectives |
|---|---|---|
| Financial Statement Fraud | 10–15% | - Financial statement analysis techniques - Improper disclosures - Asset and liability misrepresentation - Revenue recognition schemes |
| Basic Accounting and Auditing Concepts | 15–20% | - Auditing standards and procedures - Internal control frameworks and objectives - Fundamental accounting principles - Financial statement components and relationships |
| Asset Misappropriation – Inventory and Other Assets | 5–10% | - Inventory theft and misuse - Prevention and detection controls - Concealment of asset shrinkage |
| Asset Misappropriation – Fraudulent Disbursements | 15–20% | - Billing schemes - Expense reimbursement fraud - Register disbursement fraud - Electronic payment tampering - Payroll fraud schemes |
| Corruption Schemes | 5–10% | - Conflicts of interest - Prevention and detection strategies - Illegal gratuities and extortion - Bribery and kickbacks |
| Asset Misappropriation – Cash Receipts | 5–10% | - Cash skimming schemes - Cash larceny - Prevention and detection methods |
| Internal Control and Fraud Prevention | 10–15% | - Control testing and evaluation - Fraud risk assessment - Design of anti-fraud controls |
| Other Fraud Schemes | 10–15% | - Healthcare fraud - Theft of data and intellectual property - Identity theft and financial crimes - Procurement and contract fraud - Insurance fraud |
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