ACFE CFE-Investigation Exam Practice Test Instant Access

Question 1

Cynthia is preparing to conduct a covert investigation. Prior to conducting surveillance of her subject, she creates a memorandum outlining the basis for her operation Which of the following pieces of information should she include in her memorandum?

AThe name of the subject she will be observing

BHer first impression regarding the subject's culpability

CThe identities of any confidential sources to be used in the operation

DAll of the above

Answer : A

Question 2

Which of the following is one of the purposes of closing questions in a routine interview?

ATo close the interview positively and maintain goodwill

BTo assess whether the subject is ready to confess

CTo confirm the credibility of the witness being interviewed

DTo reduce testimony to a signed, written statement

Answer : A

Question 3

An investigator is preparing to administer what is likely to be an intense and extended interview with a fraud suspect. To organize their thoughts prior to the interview, the fraud examiner should:

AProvide the suspect with a list of questions to ensure detailed responses-

BMake a list of key points to go over with the respondent.

CDevelop a list of questions ranked in order of importance.

DMemorize a detailed list of questions, but avoid taking a written list to the interview

Answer : B

Question 4

Which of the following is the MOST ACCURATE statement regarding a fraud examiner's ability to trace cryptocurrency transactions?

AEach Blockchain transaction contains a user's cryptographic address, which can help identify patterns that might link the user to criminal activity.

BMost jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users

CCryptocurrency ownership cannot be determined through an analysis of details on a subject's bank statements.

DMost cryptocurrencies rely on private block chains, which allow users' transactions to be completely anonymous and therefore difficult to trace.

Answer : A

Question 5

Marcus is trying to locate the financial statements of Acme Airlines, a multinational publicly traded corporation. Which of the following sources would be MOST EFFECTIVE for finding this information?

ACommercial filings

BCivil litigation records

COrganizational filings

DRegulatory securities records

Answer : A

Question 6

Which of the following is the MOST ACCURATE statement regarding the analysis phase in digital forensic investigations?

AThe analysis phase of digital forensic investigations should not commence unless it is verified that the suspect devices do not contain relevant data.

BDuring the analysis phase, it is best to use a combination of the various forensic tools that can assist h identifying, extracting, and collecting digital evidence

CWhen analyzing data for evidence, fraud examiners should look for exculpatory evidence but not exculpatory evidence

DThe primary concern when analyzing digital evidence is to protect the collected information from seizure

Answer : B

Question 7

Which of the following is a reason why a subject's credit card records and statements can be useful in tracing investigations?

ACredit card records can provide leads to help identify a subjects hidden assets

BCredit card records can show signs that the subject has skimmed funds.

CCredit card statements show the source of the funds used to pay a credit card bill.

DCredit card statements provide insight into the subject's litigation history

Answer : A

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