Most Recent ACFE CFE-Investigation Exam Questions & Answers

Prepare for the ACFE Certified Fraud Examiner - Investigation Exam exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the ACFE CFE-Investigation exam and achieve success.

The questions for CFE-Investigation were last updated on Jan 20, 2025.

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Question No. 1

Which of the following statements would be IMPROPER if included in the fraud examination report of a Certified Fraud Examiner (CFE who is also qualified as an accounting expert?

A'The company's internal controls were wholly inadequate to prevent this type of violation and should be remediated at the earliest possible time.'

B'The evidence shows that expenses in excess of $5 million were omitted from the company's financial statements '

C'Based on statements the suspect made to me. it is my assessment that the suspect has a dishonest disposition.'

D'From my examination, it appears that the company's financial statements were not presented in accordance with generally accepted accounting principles '

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Correct Answer: C

Question No. 2

Bobbie, a fraud examiner, is preparing to interview Craig, a close friend and coworker of the primary suspect in the case. Craig has been described by others as "easily angered" and "intense" How should Bobbie approach her interview of Craig?

AProvide Craig with plenty of notice prior to the interview to not provoke resentment

BConduct the interview with as little notice as possible so Craig will be unprepared

CAsk Craig when ho would prefer to be interviewed in an effort to engender cooperation

DAvoid interviewing Craig if possible due to Craig's potential volatility

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Correct Answer: C

Question No. 3

Which of the following is INCORRECT with regard to locating individuals using online records?

ABefore engaging in a search the fraud examine' should know the mod powerful and useful '>Des of searches

BIf an individual has moved, obtaining a past address is usually of no help

COnline records are very useful in locating subjects whose whereabouts are unknown

DObtaining a past address of the subject should be the first step in trying to locate a subject using online records.

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Correct Answer: B

Question No. 4

A law enforcement officer receives a reliable tip from an informant that a government employee is soliciting bribes in exchange for awarding contracts to the employee's agency. To investigate, the officer poses as a potential contractor and contacts the suspect employee about the possibility of getting a contract with the agency. During the conversation, the suspect demands a cash payment for the officer to be considered for upcoming contracts. If the suspect claims entrapment at trial, then which of the following is MOST LIKELY to occur?

AThe suspect's claim will succeed because the investigator used deceit

BThe suspect's claim will succeed because the investigator lacked probable cause

CThe suspect's claim will fail because the investigator had adequate predication

DThe suspect's claim will fail because the investigator is a law enforcement agent

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Correct Answer: C

Question No. 5

Anne used Will as a confidential informant in her investigation Anne listed information provided by Will in her final report, referring to him using his initials. She paid Will in cash and obtained a receipt for the transaction. Which of Anne's methods was NOT considered a best practice when using informants?

AReferring to Will using his initials

BObtaining a receipt from Will

CUsing information provided by Will in her report

DUsing cash to pay Will

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Correct Answer: A

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