2024 Realistic Verified Free ACFE CFE-Investigation Exam Questions
CFE-Investigation Real Exam Questions and Answers FREE
To be eligible to take the CFE-Investigation certification exam, candidates must have a minimum of two years of professional experience in fraud examination or a related field. In addition, candidates must also be members of the ACFE and must have completed the required training and education in fraud examination. Certified Fraud Examiner - Investigation Exam certification exam is a computer-based test that consists of 125 multiple-choice questions that must be completed within four hours.
NEW QUESTION # 55
Which of the following is a reason why a subject's credit card records are useful in tracing investigations?
- A. Credit card statements show source of the funds used to pay a credit card bill
- B. Credit card records show the movements and habits of the subject
- C. Credit card records contain information about the division and distribution of the subject's assets
- D. Credit card records provide insight into the subject's litigation history
Answer: C
NEW QUESTION # 56
In response to an accusation made during an admission-seeking interview the subject Begins to voice a denial to the charge. How should the interviewer react to the first indication of a sublets denial'
- A. Allow the subject to continue denying the charge
- B. Remind the subject of the laws against perjury
- C. Interrupt the denial by using a delaying tactic
- D. Argue the point directly with the subject until a confession is obtained
Answer: B
NEW QUESTION # 57
John, a fraud investigator, is interviewing Mary, who he suspects has been embezzling company funds. Which of the following is the recommended approach John should use to ask Mary questions?
- A. Seek general information before seeking specific details
- B. Start with specific questions and move toward general questions
- C. Ask questions in random order to keep Mary from guessing the next question
- D. Start with questions about unknown information and work toward known information
Answer: A
NEW QUESTION # 58
Which of the following is NOT an advantage to using link analysis in a fraud investigation?
- A. Link analysis allows the investigator to discover patterns in data.
- B. Link analysis helps identify indirect relationships with several degrees of separation.
- C. Link analysis is an affective tool to demonstrate complex networks
- D. Link analysis visually displays financial ratio analysis
Answer: D
NEW QUESTION # 59
Which of the following is NOT one of the main limitations of conducting a search for public records using online databases?
- A. Online coverage of public records varies widely from jurisdiction lo Jurisdiction
- B. Online public records searches are limited in the jurisdictions they cover
- C. Public records database companies are difficult to find
- D. The timeliness and accuracy of information in online databases must be validated
Answer: C
NEW QUESTION # 60
Shane, a Certified Fraud Examiner (CFF) is investigating Larsen, who is active on various social networking sites. Shane wants to search and extract information from Larsen s social media postings so that it can be used in court as evidence. Which of the following is the MOST ACCURATE statement regarding what Shane should do when conducting a social media investigation of Larsen?
- A. Shane should conduct a forensic shutdown of his computer to preserve the metadata in the social networking sites.
- B. Shane should email himself the links of the postings so that he can retrieve them later.
- C. Shane should preserve the information by saving the links of ate postings in his 'bookmarks "
- D. Shane should preserve the Information from the social networking sites so that it can be established as authentic if used in court.
Answer: D
NEW QUESTION # 61
Christopher, a fraud examiner, is conducting an admission-seeking interview with Jennifer, an employee suspected of stealing cash. Which of the following is the LEAST EFFECTIVE phrasing for Christopher to use when posing an admission-seeking question to Jennifer?
- A. "How much of the money do you have left?"
- B. 'What did you do with the money?"
- C. "Did you steal the money?"
- D. "Why did you take the money?"
Answer: C
NEW QUESTION # 62
Which of the following is a common characteristic that asset hiders look for in the financial vehicles they use to conceal their assets?
- A. Transparency
- B. Traceability
- C. Inaccessibility
- D. Liquidity
Answer: D
NEW QUESTION # 63
Vishal, a Certified Fraud Examiner (CFE). has just initiated an interview with Steve, a fraud suspect. After a short introduction. Vishal jokes about the fact that he and Steve are wearing the same tie and then proceeds to ask Steve about the previous night's major sporting event Vishal is attempting to
- A. Establish the interview theme
- B. Establish rapport
- C. Condition the witness.
- D. Exhibit passive listening.
Answer: A
NEW QUESTION # 64
Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?
- A. An attorney wants to evaluate an experts financial report.
- B. A victim of fraud wants to facilitate the recovery of criminal proceeds
- C. An entity needs to find hidden relationships In big data that otherwise would not be discovered
- D. An employer wants to know If an employee is falsifying regulatory reports.
Answer: C
NEW QUESTION # 65
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
- A. Cut-off statements
- B. Bank confirmation
- C. Bank confirmation
- D. Check disbursement
Answer: B
NEW QUESTION # 66
Which of the following data analysis functions is used to determine whether company policies are met by employee transactions such as verifying that traveling employees book their accommodations at approved hotels?
- A. The gap testing function
- B. The Join function
- C. The compliance verification function
- D. The correlation analysis function
Answer: C
NEW QUESTION # 67
Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?
- A. Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information
- B. Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.
- C. The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding
- D. If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs
Answer: C
NEW QUESTION # 68
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Financial institution records
- B. Paystubs
- C. Service bills
- D. Credit card statements
Answer: C
NEW QUESTION # 69
Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?
- A. All of the above
- B. A follow-up/recommendations section calculates the amount of loss caused by any misconduct identified during the investigation
- C. A follow-up/recommendations section is not a required part of every written fraud examination report
- D. A follow-up/recommendations section must include a list of organizational failings that contnbuted to the fraud
Answer: A
NEW QUESTION # 70
Which of the following is a factor that fraud examiners should consider when determining whether to dispose of evidence following the conclusion of a fraud examination?
- A. Whether the evidence is documentary or testimonial
- B. Whether the evidence is direct or circumstantial
- C. Whether the organization has a general document retention policy in place
- D. Whether the information was presented by a lay witness or an expert witness
Answer: C
NEW QUESTION # 71
Which of the following is NOT true with regard to tracing the disposition of loan proceeds?
- A. Tracing loan proceeds can identify the presence of internal control weaknesses.
- B. Tracing loan proceeds can determine if hidden accounts were used for loan payments
- C. Tracing loan proceeds can uncover previously hidden assets
- D. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts.
Answer: A
NEW QUESTION # 72
Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?
- A. the Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media login credentials from users.
- B. To access any user-posted information on social media sites fraud examinees must obtain some type of legal order from the Jurisdiction in which the user resides.
- C. Hacking or breaking into information on social media sites that is restricted as private could result in liability for fraud examiners due to violation of users privacy rights
- D. A fraud examiner cannot be held liable for violating a user's privacy rights if they hack or break into areas of a social networking site designated as private because all social media Information is public
Answer: A
NEW QUESTION # 73
Thea is conducting a fraud examination for a company and suspects one of the company 's vendors (a one-person operation) of fraudulent biting. Thea wants to obtain a copy of the suspect individuals credit report and personal data from a third-party information broker. If Thea works In a jurisdiction that regulates the distribution of personal credit information she cannot obtain the suspects personal credit data under any circumstances.
- A. True
- B. False
Answer: B
NEW QUESTION # 74
Which of the following is NOT one of the purposes of closing questions in a routine interview?
- A. To gather additional facts
- B. To close the interview positively and maintain goodwill
- C. To reduce testimony to a signed written statement
- D. To reconfirm facts
Answer: A
NEW QUESTION # 75
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ACFE CFE-Investigation exam is a comprehensive certification designed to test the knowledge and skills of individuals who are involved in fraud investigation. Certified Fraud Examiner - Investigation Exam certification is recognized globally and is widely regarded as a benchmark for excellence in the field of fraud investigation. CFE-Investigation exam is rigorous and requires a thorough understanding of the subject matter. Certified Fraud Examiner - Investigation Exam certification is recognized by employers, government agencies, and other organizations involved in combating financial crimes.
CFE-Investigation certification is a mark of distinction that sets professionals apart in the field of fraud investigation. Certified Fraud Examiner - Investigation Exam certification demonstrates to stakeholders, employers and clients alike that the holder has mastered the skills and techniques required to conduct thorough fraud investigations. It also provides a competitive advantage to the CFEs in terms of career advancement opportunities, professional recognition and increased earning potential.
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