ACFE CFE-Investigation Exam Practice Test Instant Access

Question 1

Charles, a fraud examiner, accuses George of fraud during an admission-seeking interview. George immediately denies the charge How should Charles respond to George's denial?

ACounter the denial by arguing with George until further denials are futile

BUse a delaying tactic to interrupt the denial

CRemind George he has to tell the truth or face perjury.

DAllow George to continue denying the charge.

Answer : B

Question 2

Naveed, a fraud suspect, has decided to confess to Omar, a Certified Fraud Examiner (CFE). In obtaining a verbal confession from Naveed. Omar should obtain all of the following items of information EXCEPT:

AA general estimate of the amount of money involved

BThe approximate number of instances

CThe location of any residual assets

DA statement from Naveed that his conduct was an accident

Answer : D

Question 3

If your suspect is spending suspected illicit funds on consumables (e.g.. travel and entertainment) and you need to prove their illicit income circumstantially, which of the following methods of tracing assets would yield the BEST result?

Aexpenditures method

BThe consumables method

CThe income method

DThe asset method

Answer : A

Question 4

Which of the following is FALSE regarding link analysis?

ALink analysis is a poor tool to use for investigating a money laundering scheme

BLink analysis can be used to map connections between entities that share an address

CLink analysis helps identify indirect relationships with several degrees of separation

DLink analysis is an effective tool for demonstrating complex networks

Answer : A

Question 5

Talia has been hired by SBS Inc. to implement a new data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Talia conduct first to MOST EFFECTIVELY use data analysis techniques for such an initiative?

ABuild a profile of potential frauds.

BMonitor the data.

CCleanse and normalize the data.

DIdentify the relevant data

Answer : A

Question 6

Which of the following data is the MOST DIFFICULT to recover during a digital forensic examination?

ATime and date information about files

BWebsites visited

CFiles that have been overwritten

DCommunications sent via instant messenger

Answer : C

Question 7

Allison, a Certified Fraud Examiner (CFE). is investigating a potential procurement fraud scheme. While interviewing a subject, she asks. "Why did you choose to do business with that vendor?" This can BEST be described as a(n):

AOpen question

BComplex question

CLeading question

DClosed question

Answer : A

ACFE Certified Fraud Examiner - Investigation CFE-Investigation Exam Practice Test