ACFE CFE-INVESTIGATION Online Practice Questions and Exam Preparation

ACFE CFE-INVESTIGATION Online Questions & Answers

• Question 1:

  A fraud examiner believes that a suspect might have used illicit funds to construct a commercial building to fit a restaurant .Which of the following records would be the MOST helpful in confirming the owner of the building?

  A. Building permit records
  B. Commercial filings
  C. Voter registration records
  D. Local court records
  B. Commercial filings

• Question 2:

  Which counts sometimes can give rise to inventory theft detection?

  A. Perpetual inventory counts
  B. Physical inventory counts
  C. Concealment inventory counts
  D. None of the above
  B. Physical inventory counts

• Question 3:

  A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:

  A. Accomplice residence
  B. Shell company
  C. Perpetrator check
  D. Cash generator
  B. Shell company

• Question 4:

  Which of the following are the classifications for the Corruption?

  A. Bribery, economic extortion, illegal gratuities and conflicts of interest
  B. Corruption, bribery, economic extortion, conflicts of interest
  C. Overbilling, bribery, bid-ridding and illegal gratuities
  D. economic extortion, bribery, illegal gratuities and corruption
  A. Bribery, economic extortion, illegal gratuities and conflicts of interest

• Question 5:

  Barnes a Certified Fraud Examiner (CFE) is using data analysis to identity 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?

  A. Identify paycheck amounts over a certain limit
  B. Review recurring monthly expenses and compare to posted/paid invoices
  C. Compare book and tax deprecation and indicate variances
  D. Al of the above
  D. Al of the above

• Question 6:

  When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:

  A. The matter will be resolved completely internally
  B. The suspect is gully
  C. The case will end in ligation
  D. The case will end after the suspect IB terminated
  C. The case will end in ligation

• Question 7:

  Which of the following is the MOST ACCURATE statement about imaging suspect computers hard drives?

  A. Imaging allows for the analysis of data from a suspect computer without altering or damaging the original data in any way
  B. Imaging creates pictures of the suspect computer system and its wires and cables
  C. Imaging prohibits access to the suspect computer s hard drive by individuals not professionally trained in forensic analysis
  D. Imaging enables the retrieval of data from the suspect computer directly via its operating system.
  A. Imaging allows for the analysis of data from a suspect computer without altering or damaging the original data in any way

• Question 8:

  Which of the following is a reason why a subjects credit card statements can be useful in tracing investigations?

  A. Credit card records can show signs of skimming.
  B. Credit card statements provide insight into the subjects litigation history.
  C. Credit card statements can name people or companies with whom the subject conducts business.
  D. Credit card statements show the source of the funds used to pay a credit card bill.
  C. Credit card statements can name people or companies with whom the subject conducts business.

• Question 9:

  A fraud examiner is based in Mexico, a non-European Union (EU) country and is collecting personal information from their company human resources (MR) files about an employee based in Germany an employee based country Based on these facts. The fraud examiner would need to comply with the EU's General Data Protection Regulation (GDPR) when conducting their Internal investigation.

  A. True
  B. False
  A. True

• Question 10:

  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:

  A. Develop a list of Questions ranked In order of importance
  B. Make a list of key points to go over with the respondent
  C. Provide the suspect with a list of questions to ensure detailed responses
  D. Memorize a defiled list of questions but avoid bringing a written list to the interview
  B. Make a list of key points to go over with the respondent