ACFE Certified Fraud Examiner - Investigation Exam

Certification Provider: ACFE

Exam Name: Certified Fraud Examiner - Investigation Exam

Number of questions in our database: 170

Exam Version: Jan. 16, 2023

Exam Official Topics:

Topic 1: Mitigating other potential consequences/ Stopping fraud
Topic 2: Determining the extent of potential liabilities or losses that might exist
Topic 3: Strengthening internal control weaknesses/ Identifying improper conduct
Topic 4: Sending a message throughout the organization that fraud will not be tolerated
Topic 5: Helping to facilitate the recovery of losses/ Stopping future losses
Topic 6: Identifying the persons responsible for improper conduct

Free ACFE Certified Fraud Examiner - Investigation Exam Exam Actual Questions

The questions for Certified Fraud Examiner - Investigation Exam were last updated On Jan. 16, 2023

Question #1

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 branch addresses

BThe institution's licenses or certifications

CThe institution's tax statements

DThe institution's client loan profiles

Reveal Solution

Correct Answer: A

Question #2

Butler, a Certified Fraud Examiner (CFE), needs to obtain a copy of a statement that the chief executive officer (CEO) of Accord Investments, a venture capital firm, posted on the firm's website sometime last year. Unfortunately, the quote has been removed from the website. Which of the following resources would be the BEST choice for Butler to consult to find an earlier version of the web page that he needs?

AThe invisible archives

BThe free web

CThe internet archives

DThe deep web

Reveal Solution

Correct Answer: C

Question #3

Which of the following is NOT true with regard to tracing the disposition of loan proceeds?

ATracing loan proceeds can determine if the proceeds were deposited into hidden accounts.

BTracing loan proceeds can uncover previously hidden assets

CTracing loan proceeds can determine if hidden accounts were used for loan payments

DTracing loan proceeds can identify the presence of internal control weaknesses.

Reveal Solution

Correct Answer: D

Question #4

Beta, a Certified Fraud Examiner (CFE). is conducting an admission-seeking interview of Gamma, a fraud suspect. After Beta gave Gamma an appropriate rationalization for his conduct, Gamma continued his denials, giving various alibis. These alibis can usually be diffused by all of the following techniques EXCEPT:

ADiscussing the testimony of witnesses

BDisplaying physical evidence

CDiscussing Gamma's prior deceptions

DDownplaying the strength of the evidence

Reveal Solution

Correct Answer: D

Question #5

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

Reveal Solution

Correct Answer: B

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