Free ACFE CFE Exam Practice Questions & Explanations

Last updated on: Sep 4, 2026
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Question 1

___________ and __________ are used to increase (or decrease) the equity account.

Answer Options
Correct Answer: B
Question 2

Which of the following is NOT the type of billing scheme?

Answer Options
Correct Answer: C
Question 3

Multiple cashiers operate from a single cash drawer without separate access codes is a red flag for:

Answer Options
Correct Answer: C
Question 4

When employees avoid detection in a refund scheme to keep the sizes of the disbursement law, is referred to:

Answer Options
Correct Answer: A
Question 5

The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:

Answer Options
Correct Answer: B