Certified Fraud Examiner (CFE) Prep
Certified Fraud Examiner (CFE) Prep: Practice Tests and Quiz Review Checklist
This comprehensive preparation program covers the four foundational bodies of knowledge tested on the Certified Fraud Examiner (CFE) exam: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. Learners will systematically explore accounting concepts, illicit transactions, legal frameworks, investigative techniques, interviewing methodologies, and organizational governance strategies. By integrating official exam domains with practical case studies, this course equips professionals with the expertise needed to pass the exam and deter modern economic crime. Every lesson includes tutor notes, a video, a hands-on lab, exercises and a 12-question quiz you must pass at 80%, followed by a pooled final exam and free and paid practice tests. Erudex is independent and not affiliated with ACFE.
Use this checklist alongside the Certified Fraud Examiner (CFE) Prep curriculum. A practice score is a starting point for review, not proof that every topic has been mastered. The course, lesson quizzes and practice papers serve different purposes: learn a concept, check it locally, then check mixed recall.
Key points
- •Compare the outline with your learning or examination requirements.
- •Use the free paper to locate gaps, not to certify readiness.
- •Review guessed answers as carefully as incorrect ones.
- •Return to lesson exercises before attempting broader assessment.
Match the preparation to your syllabus or learning goal
Master the four pillars of fraud examination and prepare thoroughly for the globally recognized ACFE Certified Fraud Examiner credential.
Available tracks: Professional Track. Compare the course outline with your teacher's requirements or the current external exam objectives before deciding which topics need additional preparation. Broad preparation does not establish complete coverage of every board, grade or jurisdiction.
- •Identify, analyze, and dissect common financial statement schemes, asset misappropriation patterns, and corruption risks.
- •Navigate the criminal and civil legal systems, regulatory compliance frameworks, and rules of evidence applicable to fraud cases.
- •Execute effective fraud investigations using public records, digital evidence, data analytics, and transaction tracing.
- •Conduct structured informational and admission-seeking interviews adhering to professional ethics and legal standards.
- •Design, implement, and evaluate enterprise-wide fraud risk assessments, internal controls, and deterrence programs.
Review focus: Module 1: Financial Transactions and Basic Accounting Concepts
Start with these lesson topics: 1.1 Basic Accounting Principles and Financial Reporting Frameworks; 1.2 Financial Statement Fraud Overview and Recording Red Flags; 1.3 Improper Revenue Recognition and Timing Differences. Close the notes and explain the connection between the topics before answering questions.
Choose an exercise or lab from this module, show each step and compare your result with the lesson explanation. If a quiz answer was a guess, record it as a review item even when it was correct.
- •Explain and practise: 1.1 Basic Accounting Principles and Financial Reporting Frameworks
- •Explain and practise: 1.2 Financial Statement Fraud Overview and Recording Red Flags
- •Explain and practise: 1.3 Improper Revenue Recognition and Timing Differences
Review focus: Module 2: Asset Misappropriation and Corruption Schemes
Start with these lesson topics: 2.1 Cash Receipts Schemes: Skimming and Cash Larceny; 2.2 Fraudulent Disbursements: Billing, Payroll, and Expense Reimbursement; 2.3 Non-Cash Misappropriation: Inventory, Information, and Intellectual Property Theft. Close the notes and explain the connection between the topics before answering questions.
Choose an exercise or lab from this module, show each step and compare your result with the lesson explanation. If a quiz answer was a guess, record it as a review item even when it was correct.
- •Explain and practise: 2.1 Cash Receipts Schemes: Skimming and Cash Larceny
- •Explain and practise: 2.2 Fraudulent Disbursements: Billing, Payroll, and Expense Reimbursement
- •Explain and practise: 2.3 Non-Cash Misappropriation: Inventory, Information, and Intellectual Property Theft
Review focus: Module 3: Legal Frameworks and the Justice System
Start with these lesson topics: 3.1 Overview of Criminal and Civil Court Systems and Procedures; 3.2 Substantive Law: Legal Elements of Fraud, Theft, and Conspiracy; 3.3 The Law of Evidence and Chain of Custody Requirements. Close the notes and explain the connection between the topics before answering questions.
Choose an exercise or lab from this module, show each step and compare your result with the lesson explanation. If a quiz answer was a guess, record it as a review item even when it was correct.
- •Explain and practise: 3.1 Overview of Criminal and Civil Court Systems and Procedures
- •Explain and practise: 3.2 Substantive Law: Legal Elements of Fraud, Theft, and Conspiracy
- •Explain and practise: 3.3 The Law of Evidence and Chain of Custody Requirements
Review focus: Module 4: Regulatory Compliance and Expert Testimony
Start with these lesson topics: 4.1 Anti-Money Laundering (AML), Bank Secrecy Act, and USA PATRIOT Act; 4.2 Foreign Corrupt Practices Act (FCPA) and International Anti-Bribery Standards; 4.3 Securities Regulations, Sarbanes-Oxley, and Whistleblower Protection Statutes. Close the notes and explain the connection between the topics before answering questions.
Choose an exercise or lab from this module, show each step and compare your result with the lesson explanation. If a quiz answer was a guess, record it as a review item even when it was correct.
- •Explain and practise: 4.1 Anti-Money Laundering (AML), Bank Secrecy Act, and USA PATRIOT Act
- •Explain and practise: 4.2 Foreign Corrupt Practices Act (FCPA) and International Anti-Bribery Standards
- •Explain and practise: 4.3 Securities Regulations, Sarbanes-Oxley, and Whistleblower Protection Statutes
Review focus: Module 5: Investigative Planning and Evidence Collection
Start with these lesson topics: 5.1 Investigation Strategy, Scope Definition, and Engagement Planning; 5.2 Locating and Utilizing Public Records and Open-Source Intelligence (OSINT); 5.3 Tracing Illicit Assets, Hidden Accounts, and Net Worth Analysis. Close the notes and explain the connection between the topics before answering questions.
Choose an exercise or lab from this module, show each step and compare your result with the lesson explanation. If a quiz answer was a guess, record it as a review item even when it was correct.
- •Explain and practise: 5.1 Investigation Strategy, Scope Definition, and Engagement Planning
- •Explain and practise: 5.2 Locating and Utilizing Public Records and Open-Source Intelligence (OSINT)
- •Explain and practise: 5.3 Tracing Illicit Assets, Hidden Accounts, and Net Worth Analysis
Use the free paper as a short diagnostic
Sign in to take the fixed free practice paper. This course offers 1 free paper, with 10 questions per paper. Record the topic and reason for each mistake; repeating a fixed paper may improve familiarity without demonstrating broader readiness.
Paid practice papers contain 30–50 questions. Purchased papers support saved continuation and review; use the actual explanations to identify what needs more study.
Make a correction log before the final assessment
For each missed or guessed question, record the topic, the choice you made, why it was tempting, the correct reasoning and one new example. Separate knowledge gaps from misreading and timing problems. Revisit the underlying lesson rather than memorising the answer's position.
Check the final-assessment instructions on the course page. Erudex quizzes, practice tests and completion records are separate from external school examinations or professional credentials. Consult the relevant awarding body or teacher for current external requirements.
Frequently asked questions
- Where can I practise Certified Fraud Examiner (CFE) Prep?
- Use the Free practice test link below, then return to the linked course for lesson review and exercises.
- Should I repeat the same quiz until I remember the answers?
- Use repetition to check corrections, but also solve unfamiliar examples and explain your reasoning without the notes. Remembering answer positions is not a reliable check of understanding.
Study it properly: Certified Fraud Examiner (CFE) Prep
Master the four pillars of fraud examination and prepare thoroughly for the globally recognized ACFE Certified Fraud Examiner credential.