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Financial Crime & Conduct
CFE Exam Preparation Course
Prepare for the current three-section CFE examination with source-grounded fraud schemes, investigations, legal issues, prevention and deterrence study tools.
430 Practice Questions Detailed Study Notes Realistic mock exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam. Exams Academy is an independent education provider and is not affiliated with ACFE.
Exactly what is included
- 5 mock exams · 430 questions across the mock suite · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Exam cheat sheet · key facts, rules and numbers by chapter
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Community-polished data, improved every day
- Up-to-date, accuracy-checked content
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Syllabus
Module 1: Fraud Schemes and Financial Crimes 120 marks out of 310
🎧 Audio
Accounting and financial-statement fraud, asset misappropriation, corruption, money laundering, cyberfraud and other current financial-crime schemes.
- • Accounting Concepts
- • Financial Statement Fraud
- • Asset Misappropriation: Cash Receipts
- • Asset Misappropriation: Fraudulent Disbursements
- • Asset Misappropriation: Inventory and Other Assets
- • Corruption
- • Theft of Data and Intellectual Property
- • Identity Theft
- • Financial Institution Fraud
- • Money Laundering
- • Securities Fraud
- • Payment Fraud
- • Insurance Fraud
- • Health Care Fraud
- • Consumer Fraud and Scams
- • Bankruptcy Fraud
- • Tax Fraud
- • Cyberfraud
- • Government and Public Sector Fraud
- • Procurement Fraud
Module 2: Fraud Investigations and Legal Issues 120 marks out of 310
Examination planning, evidence, data analysis, information sources, asset tracing, interviews, covert operations, legal systems, reporting and testimony.
- • Planning and Conducting a Fraud Examination
- • Legal Issues in Conducting Investigations
- • The Law Related to Fraud
- • Basic Principles of Evidence
- • Collecting Evidence
- • Data Analysis and Reporting Tools
- • Sources of Information
- • Tracing Assets
- • Interview Theory and Application
- • Admission-Seeking Interviews
- • Covert Operations
- • Report Writing
- • Overview of the Legal System
- • Criminal Prosecutions
- • Non-Criminal Actions
- • Testifying
Module 3: Fraud Prevention and Deterrence 70 marks out of 310
Financial-crime foundations, governance, management and auditor responsibilities, prevention programs, fraud-risk assessment, risk management and professional ethics.
- • Understanding Financial Crime
- • Corporate Governance
- • Management's Fraud-Related Responsibilities
- • Auditors' Fraud-Related Responsibilities
- • Fraud Prevention Programs
- • Fraud Risk Assessment
- • Fraud Risk Management
- • Ethics for Fraud Examiners
Interactive preview
Free Certified Fraud Examiner (CFE) Exam Preparation Practice Questions & Exam Preview
Try 15 Certified Fraud Examiner (CFE) Exam Preparation practice questions from Asset Misappropriation: Fraudulent Disbursements
Practice Certified Fraud Examiner (CFE) Exam Preparation exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Exam Preview
Asset Misappropriation: Fraudulent Disbursements
Which statement best describes Billing scheme?
1 / 15
Flashcards
Card 1 of 10Accounting Concepts
Question
What does Accounting equation mean in CFE exam practice?
Tap to reveal answer
Focus Learn
- Accounting statements, timing and analytical techniques
- Cash-receipt, disbursement and inventory misappropriation
- Corruption, information theft, identity and institution fraud
- Money laundering, securities and payment fraud
- Insurance, health care, consumer, bankruptcy and tax fraud
- Cyberfraud, public-sector and procurement schemes
Chapter 1: Fraud Schemes and Financial Crimes
This section asks you to recognize how value is misstated, stolen, diverted or disguised and then choose the control or investigative response that fits the mechanism. Begin with the accounting trail. Assets equal liabilities plus equity; the income statement explains performance over a period; and the cash-flow statement separates operating, investing and financing movements. Accrual accounting records revenue and expense when earned or incurred, while cash accounting follows receipt and payment. That timing distinction matters because many financial-statement schemes manipulate when revenue, expenses, assets or liabilities appear. Fictitious or premature revenue overstates performance, concealed liabilities understate expense, inflated assets distort the balance sheet and incomplete disc…
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Preparation Package at a Glance
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | Three section-shaped simulations matching the official counts and timing, with 310 questions in total |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $151 (One-Time) | One-time payment with no recurring subscription |
Frequently Asked Questions
The current examination has three separately timed, closed-book sections containing multiple-choice and True/False questions: 120 questions in 150 minutes for Fraud Schemes and Financial Crimes, 120 questions in 150 minutes for Fraud Investigations and Legal Issues, and 70 questions in 90 minutes for Fraud Prevention and Deterrence.
The current candidate handbook requires at least 75% in each section. A higher result in one section does not offset a score below 75% in another.
The current format has three sections. Older CFE study materials were organised into four books, but the current official content outline combines investigations and legal issues into one separately timed section.
Yes. Mocks 1-3 match the exact current section question counts and time limits. Mocks 4 and 5 are clearly identified additional course practice, not extra official sections.
Yes. The course maps the supplied technical source to all 44 domains in the official 2026 CFE Exam Content Outline, effective from 2 June 2026.
No. The current sections are closed book and must be completed independently under live Prometric proctoring.
Exams Academy is an independent education provider and is not affiliated with or endorsed by ACFE. ACFE remains the authority for eligibility, certification, scheduling and examination policies.
You receive lifetime access to the current course content with no recurring subscription fee.
Yes! Test your knowledge and review detailed explanations with the free Certified Fraud Examiner (CFE) Exam Preparation Mock Exam Preview below. It contains 15 exam-style questions from one named topic; the full course provides complete mock exams and syllabus coverage.
Key Benefits
Three Blueprint-Matched Section Simulations
Rehearse the current official question counts and time limits before test day.
- ✓ 120 Schemes and Financial Crimes questions in 150 minutes.
- ✓ 120 Investigations and Legal Issues questions in 150 minutes.
- ✓ 70 Prevention and Deterrence questions in 90 minutes.
Current 44-Domain Coverage
Study the published 2026 blueprint rather than the older four-book exam structure.
- ✓ Twenty schemes and financial-crime domains.
- ✓ Sixteen investigation and legal domains.
- ✓ Eight prevention, governance, risk and ethics domains.
Active Recall and Fast Reference
Turn detailed fraud-examination concepts into repeatable daily revision.
- ✓ 375 source-grounded flashcards.
- ✓ 335 searchable concepts, official facts and exam traps.
- ✓ Detailed summaries with current domain allocations.
Source-Grounded AI Tutor
Clarify close distinctions across schemes, evidence, interviews, controls and ethics.
- ✓ Grounded in the supplied workbook and current official outline.
- ✓ Distinguishes red flags, evidence, findings and legal conclusions.
- ✓ Connects answers to the matching current exam domain.
Exam Format & Details
| Assessment | Three separately timed, closed-book sections with multiple-choice and True/False questions, delivered through Prometric |
| Duration | 120 questions in 150 minutes; 120 questions in 150 minutes; 70 questions in 90 minutes |
| Standard Pass Mark | At least 75% in each of the three separately scored sections |
CFE preparation aligned to the current three-section examination
The current Certified Fraud Examiner examination is delivered as three separately timed sections. Fraud Schemes and Financial Crimes contains 120 questions in 150 minutes, Fraud Investigations and Legal Issues contains 120 questions in 150 minutes, and Fraud Prevention and Deterrence contains 70 questions in 90 minutes. Candidates must earn at least 75% in every section.
This course follows the current 2026 content outline across all 44 published domains. The supplied CFE review workbook provides the technical foundation, while the latest official ACFE content outline and candidate handbook control the current structure, terminology, weighting and assessment rules.
Practise each official section before mixed retrieval
Mocks 1-3 reproduce the exact question count and time limit of the three official sections. Mock 4 is an additional integrated 120-question rehearsal across the current blueprint, and Mock 5 is a mixed retrieval paper sampled evenly from the first four mocks. The two additional mocks are course practice tools and are not presented as extra official ACFE exam sections.
The learning toolkit also includes 375 active-recall flashcards, 335 searchable reference items, detailed section summaries and an AI tutor grounded in the same source material. Every mock answer includes an explanation and its current examinable domain so you can return directly to the weak area.
Who Is This For?
✓ Professionals preparing for the Certified Fraud Examiner examination
✓ Fraud investigators, forensic accountants and internal auditors
✓ Compliance, financial-crime, risk, legal and corporate-security professionals
✓ Public-sector investigators and professionals moving into fraud-examination roles
Career Outlook & Value
Target Roles
Fraud ExaminerFraud InvestigatorForensic AccountantInternal AuditorFinancial Crime or Compliance Specialist
Salary Expectation
Compensation varies materially by jurisdiction, experience, employer and role; the credential is used across private, public and nonprofit investigations.
"The CFE body of knowledge connects scheme recognition, evidence-led investigation and practical fraud-risk prevention in one globally recognised professional pathway."
Preparation centre
Certified Fraud Examiner (CFE) Exam Preparation Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
Exam format
CFE Exam Guide 2026: New Three-Section Format
Understand the current ACFE CFE exam: three sections, 310 questions, timing, 75% pass requirement, blueprint priorities and preparation strategy.
PracticeHow to Pass the CFE Exam: Study Plan and Mock Strategy
Build a practical CFE study plan for the current three-section exam using retrieval practice, error logs, section-shaped mocks and timed readiness checks.
Ready to Pass Your Exam?
Prepare for the current CFE exam with three official-section simulations, active recall, flashcards and a course-grounded AI tutor.
Certified Fraud Examiner (CFE) Exam Preparation
$151 $440
-66%