CFE FRAUD EXAMINER EXAM - PRACTICE TEST NEW 2026

NEW 2025 Cert. Fraud Examiner Exam

Certified fraud examiners discover and prevent fraudulent activity. The certification signifies expertise, knowledge, and professionalism in high-stakes accounting. Candidates need strong moral character and careful attention to detail.

The Exam is a closed-book and closed-notes exam comprised of four sections, each containing 100 multiple-choice questions. Exam takers have a two-hour time limit on each section.

The exam will test your knowledge in the four major areas of fraud examination: Financial Transactions and Fraud Schemes, Law, Investigation, and Fraud Prevention and Deterrence. These four areas correspond to the four sections of the Fraud Examiners Manual, which is the source of knowledge for all subject matter that appears on the Exam.

• To become a Member, you need a bachelor's degree, work experience, and a passing score on a four-part exam. To prepare for the exam, consider study courses, study groups, and resources like the Fraud Examiners Manual and the 90-Day Exam Challenge.

• The holders must renew their certification each year and complete 20 hours of continuing education covering topics like fraud detection, deterrence, and ethics.

Exam Content

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

Law

This section focuses on the statutes and common law principles involved in prosecuting fraudsters. It also ensures your familiarity with the many legal ramifications of conducting fraud examinations, including:

• • Criminal and civil law

  • Rules of evidence

  • Rights of the accused and accuser

  • Testifying

Investigation

This section tests your understanding of the basic tools and techniques necessary to gather information and evidence when conducting a fraud examination and identifying perpetrators. It includes questions about:

• • Interviewing

  • Obtaining information from public records

  • Tracing illicit transactions

  • Evaluating deception

  • Report writing

Fraud Prevention and Deterrence

This section examines your understanding of why people commit fraud and the ways to prevent it. Topics covered in this section include:

• • Crime causation

  • White-collar crime

  • Occupational fraud

  • Fraud prevention

  • Fraud risk assessment

  • The Code of Professional Ethics