Free CFE: Certified Fraud Examiner Exam Questions and Answers
Certified Fraud Examiner is part of the Certified Fraud Examiner programme from the Association of Certified Fraud Examiners. The CFE is one credential earned across three separately sat sections: Fraud Schemes and Financial Crimes and Fraud Investigations and Legal Issues, each 120 questions in two and a half hours, then Fraud Prevention and Deterrence, 70 questions in an hour and a half. All are closed book, multiple choice and true-false, delivered through Prometric at a test centre or by ProProctor online. Once your application is approved you have a sixty-day window to complete all three, which is the constraint most candidates underestimate. The credential is maintained with continuing professional education.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 18, 2026
- Exam code
- CFE
- Provider
- ACFE
- Questions in our bank
- 1000+
- Free to read
- First 10, with answers
- Official page
- Official Exam website
- Our test mode duration & pass mark
- 130 mins · 70%
Recommended: Switch to Test Mode to start a practice test that simulates the real exam experience.
Question #1
What is the primary purpose of a fraud risk assessment?
Please select an optionIncorrectCorrect answer: A
A fraud risk assessment aims to identify vulnerabilities that could be exploited in a fraud scenario.
Was this answer correct?Question #2
Which of the following is NOT a typical sign of occupational fraud?
Please select an optionIncorrectCorrect answer: C
Increased overtime hours is not necessarily a sign of fraud but may indicate workload issues.
Was this answer correct?Question #3
What is a common method for detecting financial fraud in an organization?
Please select an optionIncorrectCorrect answer: C
Regular audits help in detecting financial fraud by systematically reviewing financial statements and transactions.
Was this answer correct?Question #4
In conducting a fraud investigation, what is the first step an examiner should take?
Please select an optionIncorrectCorrect answer: D
Defining the scope helps in focusing the investigation on relevant areas and issues.
Was this answer correct?Question #5
What is the significance of a 'whistleblower policy' in fraud prevention?
Please select an optionIncorrectCorrect answer: D
Whistleblower policies encourage employees to report unethical behavior without fear of retaliation.
Was this answer correct?Question #6
What type of fraud is typically associated with the manipulation of accounting records?
Please select an optionIncorrectCorrect answer: C
Financial statement fraud involves manipulating accounting records to present false financial information.
Was this answer correct?Question #7
When assessing the risk of fraud, which factor is considered the most critical?
Please select an optionIncorrectCorrect answer: D
Opportunity is considered critical as it provides the chance for individuals to commit fraud if internal controls are weak.
Was this answer correct?Question #8
Which of the following is a tool commonly used in forensic accounting?
Please select an optionIncorrectCorrect answer: D
Forensic accounting often employs various data analysis software to identify unusual patterns or transactions indicative of fraud.
Was this answer correct?Question #9
What role does internal control play in fraud detection?
Please select an optionIncorrectCorrect answer: C
Effective internal controls are designed to prevent and detect fraud by establishing checks and balances within an organization.
Was this answer correct?Question #10
What is the primary purpose of a fraud risk assessment?
Please select an optionIncorrectCorrect answer: A
A fraud risk assessment aims to identify vulnerabilities that could be exploited in a fraud scenario.
Was this answer correct?
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FAQ
Learn More: https://www.acfe.com/myexam
- Q1: What is the CFE: Certified Fraud Examiner exam?
- A: CFE: Certified Fraud Examiner is a ACFE certification exam. Judging by the questions in our bank, it concentrates on fraud, examiner, accounting, detection and investigation.
- Q2: What topics does the CFE: Certified Fraud Examiner exam cover?
- A: Questions in our CFE: Certified Fraud Examiner bank cluster around fraud, examiner, accounting, detection, investigation, prevention, forensic and records. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for CFE: Certified Fraud Examiner?
- A: Work through the CFE: Certified Fraud Examiner practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real CFE: Certified Fraud Examiner exam questions?
- A: They are drawn from officially released past questions and from community members who have sat CFE: Certified Fraud Examiner. Answers are verified and updated weekly.
- Q5: Where do I register for the CFE: Certified Fraud Examiner exam?
- A: Register through ACFE directly at https://www.acfe.com/myexam. Exampractice is not affiliated with ACFE and does not administer the exam.
- Q6: Is there a free CFE: Certified Fraud Examiner sample?
- A: Yes. Every CFE: Certified Fraud Examiner page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are ACFE Certification Exams?
- A: ACFE (Association of Certified Fraud Examiners) Certification Exams validate your expertise in fraud prevention, detection, and investigation, showcasing your skills in maintaining ethical standards and compliance with financial regulations.
- Q8: Why should I pursue ACFE Certification?
- A: ACFE Certification enhances your professional credibility, demonstrating your knowledge in fraud examination and financial crime prevention. This can lead to better job opportunities, higher salaries, and career advancement.
- Q9: What are the benefits of ACFE Certification?
- A: Benefits include recognition as a Certified Fraud Examiner (CFE), improved job performance, access to exclusive resources, networking opportunities, and the ability to stay current with the latest fraud prevention strategies and regulatory changes.
- Q10: Who should take ACFE Certification Exams?
- A: Financial professionals, auditors, compliance officers, risk managers, law enforcement personnel, and anyone involved in fraud detection and prevention should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of ACFE Certification Exams are available?
- A: ACFE offers the Certified Fraud Examiner (CFE) certification, which is comprehensive and covers various aspects of fraud prevention, detection, and investigation.
- Q12: How do I prepare for ACFE Certification Exams?
- A: Preparation can include official ACFE training programs, study guides, practice exams, webinars, and hands-on experience in fraud examination and financial crime prevention.
- Q13: Where can I take ACFE Certification Exams?
- A: ACFE Certification Exams can be taken online, providing flexibility to fit your schedule and location.
- Q14: How do ACFE Certifications impact my career?
- A: ACFE Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in fraud examination and compliance sectors.
- Q15: Are there any prerequisites for ACFE Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge or prior certifications. Check the specific requirements for the CFE certification on the ACFE website.
- Q16: How often do I need to recertify for ACFE Certifications?
- A: ACFE Certifications typically require continuing education and recertification every two years to ensure that certified professionals stay updated with the latest fraud prevention and financial crime investigation practices.