Cfe - Financial Transactions and Fraud Schemes

CFE-FT

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Question Types
Multiple choiceFill in the blankDiagramsCase studies

What's Included

70
Practice Questions
1
Exam Versions
Languages
Translation Beta
Jan 1, 2019
Release Date
Aug 11, 2025Last Updated

Complete Exam Package

70 CFE-FT practice questions with detailed explanations

Multiple Exam Modes

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Exam Details

Duration120 min
Passing Score75
LevelProfessional
TestingPrometric
Valid For3 years
Release DateJan 1, 2019
Exam Cost$475

What topics are on the CFE-FT exam?

1

Accounting Concepts 7.5%

1.1
Fundamental Accounting Framework
4 subtopics
1.1.1The Accounting Equation
1.1.2Balance Sheet/Statement of Financial Position
1.1.3Income Statement Analysis
1.1.4Statement of Cash Flows
Learning Objectives
  • Understand the fundamental accounting equation and its application
  • Analyze financial statements for completeness and accuracy
  • Identify components and purposes of core financial statements
  • Recognize relationships between financial statements
1.2
Accounting Methods and Frameworks
2 subtopics
1.2.1Cash vs. Accrual Accounting
1.2.2Accounting Frameworks (GAAP, IFRS)
Learning Objectives
  • Distinguish between cash and accrual accounting methods
  • Understand major accounting frameworks and their applications
  • Recognize when different frameworks are required
  • Identify implications of framework selection on fraud detection
Domain Hands-on Skills
Reading and interpreting financial statementsCalculating key financial ratiosIdentifying accounting red flagsApplying accounting equation to transactions
Common Mistakes to Avoid
  • Confusing cash and accrual basis results
  • Misclassifying balance sheet items
  • Failing to understand GAAP vs. IFRS differences
  • Overlooking statement interrelationships
2

Financial Statement Fraud 7.5%

3

Asset Misappropriation: Cash Receipts 7.5%

4

Asset Misappropriation: Fraudulent Disbursements 7.5%

5

Asset Misappropriation: Inventory and Other Assets 3%

6

Corruption 7.5%

7

Theft of Data and Intellectual Property 7.5%

8

Identity Theft 3%

9

Financial Institution Fraud 7.5%

10

Payment Fraud 7.5%

11

Insurance Fraud 3%

12

Health Care Fraud 3%

13

Consumer Fraud 7.5%

14

Cyberfraud 7.5%

15

Contract and Procurement Fraud 7.5%

How do I earn the Cfe - Financial Transactions and Fraud Schemes certification?

Official Pathway Guidance

Track: Fraud Examination

Prerequisites

  • Required
  • Required
  • Required

Next Steps

  • Advanced CFE Specializations
    ACFE offers specialized training and certificates in areas like healthcare fraud, cryptocurrency fraud, and digital forensics
  • Certified Internal Auditor (CIA)
  • Certified Information Systems Auditor (CISA)

Current Level

Alternative Paths

  • Certified in Financial Forensics (CFF)
  • Certified Forensic Accountant (Cr.FA)
  • Certified Anti-Money Laundering Specialist (CAMS)
  • Certified Computer Forensics Examiner (CCFE)

Career Progression

Entry Level Roles

  • Fraud Analyst
  • Compliance Analyst
  • Internal Auditor

Mid Level Roles

  • Fraud Examiner
  • Forensic Accountant
  • Fraud Investigator
  • Compliance Manager

Senior Level Roles

  • Chief Compliance Officer
  • Director of Internal Audit
  • VP of Fraud Prevention
  • Forensic Accounting Partner

Certification Maintenance

  • Recertification Options:
    Complete 60 CPE credits over 3-year period (20 per year minimum)Maintain ACFE membership in good standingPay annual recertification feeAdhere to ACFE Code of Professional Ethics

How do I study for the CFE-FT Exam?

Practice the Cfe - Financial Transactions and Fraud Schemes with our Exam Simulator

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Official Resources

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Free Resources

CFE Exam Content Outline 2023PDFCFE Exam Candidate HandbookPDFACFE Fraud Resource CenterWebsiteACFE Blog - The Fraud ExaminerBlog/Magazine

What's changed on this exam?

Status: ACTIVE

Technology Coverage

Cryptocurrency Fraud

Increasingly covered in Domain 13 (Consumer Fraud) and Domain 14 (Cyberfraud)

Generative AI Fraud Schemes

Expected to be integrated into Domain 14 (Cyberfraud) in future updates

Real-Time Payment Fraud

Covered extensively in Domain 10 (Payment Fraud)

Data Analytics and Benford's Law

Tested in Domain 2 (Financial Statement Fraud) for analytical procedures

Industry Trends

Who should take this exam?

Required Prerequisites

  • Meet CFE eligibility requirements
  • Have a Bachelor's degree or higher from an accredited institution OR equivalent professional experience

Recommended Experience

  • At least two years of professional experience in fraud-related field
  • Understanding of basic accounting principles
  • Knowledge of fraud examination fundamentals

Experience Level: Intermediate

How do I register & what's the exam fee?

Exam Cost$475 USD
Testing CentersPrometric
Online ProctoringNot Available

How long is the certification valid?

Valid For3 years
Recertification
  • Earn 20 Continuing Professional Education (CPE) credits per year
  • Maintain ACFE membership in good standing
  • Pay annual recertification fee

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