Question 1
Under the ACFE fraud taxonomy, the three primary categories of occupational fraud are:
Correct Answer:
Asset misappropriation, corruption, and financial statement fraud
Question 2
The Fraud Triangle, developed by Donald Cressey, identifies three factors that typically co-occur in fraud:
Correct Answer:
Pressure, Opportunity, Rationalization
Question 3
'Authorized Push Payment' (APP) fraud refers to:
Correct Answer:
Fraud where a victim is tricked into authorizing a transfer to an account controlled by a criminal (e.g., BEC, romance scam)
Question 4
Benford's Law is used in fraud analytics to:
Correct Answer:
Detect potentially manipulated numeric data by checking whether leading-digit frequencies follow an expected logarithmic distribution
Question 5
Under COSO ERM, fraud risk assessment should:
Correct Answer:
Be a continuous, enterprise-wide process considering likelihood and impact of fraud across processes, people, and systems
Question 1
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About this Exam

Prepare with the CAFS Practice Questions - ACAMS Certified Anti-Fraud Specialist (CAFS) Exam practice quiz. This question bank includes 100 questions covering fraud, typically, control, involves, and flags. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CAFS Practice Questions - ACAMS Certified Anti-Fraud Specialist (CAFS) Exam

This practice set contains 100 questions from the matching question bank and focuses on fraud, typically, control, involves, and flags. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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