ACFE CFE-Investigation Exam Practice Test Instant Access

Question 1

Tar

a. a Certified Fraud Examiner (CFE). is searching social media sites for evidence in a fraud investigation. Which of the following is the MOST ACCURATE statement regarding what Tara should do when mining social media sites for evidence of fraud?

ATara should preserve the information by saving the links of the postings as bookmarks in her browser.

BTara should preserve the metadata by printing out the web pages of each of the postings.

CTara should conduct a forensic shutdown of the computer to preserve the metadata m the social networking sites.

DTara should preserve the information from the sites so that it can be established as authentic if used in court.

Answer : B

Question 2

The term_____________refers to a process of resolving allegations of fraud from inception to disposition.

AFraud theory

BForensic investigation

CFraud management

DFraud examination

Answer : D

Question 3

Which of the following statements concerning a well-written fraud examination report is MOST ACCURATE?

AThe report should convey all Information provided by witnesses

BOnly relevant facts that support the fraud allegation should be included in the report

CThe report writer should avoid technical jargon where possible

DSigned copies of the fraud examiner's interview notes should be used to report interview details

Answer : B

Question 4

Due to risks of illicit transactions, most jurisdictions require financial institutions to obtain information about which of the following from an institution with which they have a foreign correspondent relationship?

AThe institution's ownership details

BThe institution's investment portfolio

CThe institution's client loan profiles

DThe institution's tax statements

Answer : B

Question 5

Which of the following sources of information is usually considered to be the MOST IMPORTANT in tracing a subject's assets?

ACredit card statements

BPaystuDs

CSurveillance footage

DFinancial institution records

Answer : D

Question 6

Which of the following statements about how fraud examiners should approach fraud examinations is FALSE?

AIn most examinations, fraud examiners should start interviewing the least involved candidates and proceed toward those who are potentially more involved.

BWhen conducting fraud examinations, fraud examiners should start with specific details and move toward more general information.

CWhen conducting fraud examinations, fraud examiners should adhere to the fraud theory approach.

DWhen conducting fraud examinations, fraud examiners should begin with general information that is known and then move to the more specific details.

Answer : B

Question 7

Barnes, a Certified Fraud Examiner (CFE). is using data analysis to identify anomalies that might indicate fraud in XYZ Company's accounts payable transactions. Which of the following is the MOST EFFECTIVE data analysis function that Barnes could use to look for potential fraud in accounts payable?

ACompare book and tax depreciation and indicate variances

BIdentify paycheck amounts over a certain limit

CReview recurring monthly expenses and compare to posted/paid invoices

DAll of the above

Answer : C

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