CFE Certified Fraud Examiner | Financial & Fraud Schemes

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Welcome to The CFE Certified Fraud Examiner Guide to Success from First Try.

Section 2: Financial Transactions and Fraud Schemes

The "" MOST UPDATED "" Mock Practice Tests I What if you could Ace the 2023 - 2024 CFE Exam on First try!

Financial Transactions and Fraud Schemes

This section tests your comprehension of the types of fraudulent financial transactions incurred in accounting records. In this section of the exam, you will be required to demonstrate knowledge of the following concepts:

• Basic accounting and auditing theory

• Fraud schemes

• Internal controls to deter fraud

• Other auditing and accounting matters

"Full Test 150 MCQ Covers Section 2 Study Materials with Details Explanation answers"

the CFE (Certified Fraud Examiner) certification. It is a professional certification offered by the Association of Certified Fraud Examiners (ACFE) for individuals who specialize in detecting, deterring, and investigating fraud. The certification requires passing a rigorous exam and meeting certain education and experience requirements. CFEs are trained to identify and investigate various types of fraud, including financial statement fraud, corruption, embezzlement, and other types of white-collar crimes.

CFE Exam consist of Four section The questions are designed to test a candidate's knowledge and understanding of

Section 1: Fraud prevention and deterrence,

Section 2: Financial transactions and fraud schemes,

Section 3: Investigation techniques, and

Section 4: Legal elements of fraud.

Candidates do not take all four sections of the CFE exam in one four-hour sitting. Instead, the exam is divided into four separate sections, and candidates take one section at a time. Each section of the exam takes four hours to complete, so the entire exam takes a total of 16 hours to complete.

Candidates have the flexibility to take the four sections of the exam in any order they choose, as long as they pass all four sections within a three-year period.

The exam is computer-based, and candidates can review and change their answers during the four-hour time limit. However, it's important to note that the exam is designed to be challenging, and candidates are encouraged to prepare thoroughly before taking each section of the exam.

What should you buy this Practice Test Course?

I provide you with 150 High Quality Questions about Section 2 of the CFE exam. This section covers the topic of Financial Transactions and Fraud Schemes and is designed to test a candidate's knowledge and understanding of the following areas:

1. Financial statement fraud: This involves intentional misrepresentation of financial information, such as revenue, expenses, and assets.

2. Asset misappropriation: This refers to the theft or misuse of an organization's assets, such as cash, inventory, or equipment.

3. Bribery and corruption: This involves offering or receiving something of value in exchange for influence or an unfair advantage.

4. Cybercrime and digital forensics: This covers fraud and other criminal activities that are conducted using technology, as well as the methods used to investigate and prevent these crimes.

5. Money laundering: This refers to the process of concealing the proceeds of illegal activity by making them appear to be from a legitimate source.

6. Investigative interviewing: This covers the techniques used to gather information from witnesses, suspects, and other individuals involved in a fraud investigation.

7. Fraud risk assessment: This involves identifying and analyzing the potential fraud risks facing an organization and implementing measures to prevent or mitigate these risks.

8. Ethics and professional responsibility: This covers the ethical and legal standards that fraud examiners must adhere to in their work, as well as their professional responsibilities to clients, employers, and the public.

There are three types of multiple-choice questions (MCQs) in Section 2 of the CFE (Certified Fraud Examiner) exam: which I covered in this Mock course to be like the real exam:

1. Recall-based: These questions test a candidate's ability to recall specific information related to fraud examination. They are straightforward and typically require the candidate to select the correct answer from a list of options. (50 Question; 60 Min)

2. Application-based: These questions test a candidate's ability to apply their knowledge of fraud examination to real-world scenarios. They require the candidate to analyze the information provided and select the best course of action. (50 Question; 60 Min)

3. Analysis-based: These questions test a candidate's ability to analyze complex information related to fraud examination. They require the candidate to evaluate multiple pieces of information and select the best course of action. (50 Question; 60 Min)

All questions and answers are unique and with NO repetition any previous questions or answers.

With the right preparation and dedication, many individuals have successfully passed the CFE exam and earned their CFE certification.

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