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The CFE-Investigation certification is designed to provide professionals with a comprehensive understanding of the investigative process, from planning and preparation to evidence gathering and analysis. Certified Fraud Examiner - Investigation Exam certification covers a wide range of topics, including fraud schemes and scenarios, legal considerations, interviewing techniques, and report writing. It is intended to equip professionals with the skills and knowledge they need to conduct effective fraud investigations and to provide valuable insights into preventing fraud in the future.
What is the duration, language, and format of ACFE CFE-Investigation: Certified Fraud Examiner - Investigation Exam
- Format of the examination: many options, numerous responses
- Language: ACFE CFE, Chinese (simplified), Czech, German, German, Greek, Hungarian.
- Score passing: 75%
- Questions: 500
- Examination duration: 2.6 hours
To prepare for the CFE-Investigation Exam, candidates can take advantage of resources provided by the ACFE. These include study materials, webinars, and online training courses. Candidates may also choose to attend in-person training sessions or review the ACFE's Fraud Examiners Manual, which is a comprehensive resource that covers all aspects of fraud investigation.
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ACFE Certified Fraud Examiner - Investigation Exam Sample Questions (Q64-Q69):
NEW QUESTION # 64
Amanda needs to know the location of the principal office and the date of incorporation of a company she is investigating. Which of the following would be the BEST source of this information?
- A. The company's income tax filings
- B. The comprehensive litigation file in the local court in the jurisdiction in which the company is headquartered
- C. The organizational filing with the government of the jurisdiction in which the company is incorporated
- D. The contractual records of any real property owned by the corporation
Answer: C
Explanation:
TheFraud Examiners Manualnotes:
* "Companies are formed by submitting some type of organisational filing... these company records are generally public records and will include: corporate name, ownership information, location of the principal office, date of incorporation".
* The Prep guide also confirms: "A company's organisational filing with the government generally includes information about the company's ownership, initial shareholders, and the location of its principal office".
NEW QUESTION # 65
Shane, a Certified Fraud Examiner (CFF) is investigating Larsen, who is active on various social networking sites. Shane wants to search and extract information from Larsen s social media postings so that it can be used in court as evidence. Which of the following is the MOST ACCURATE statement regarding what Shane should do when conducting a social media investigation of Larsen?
- A. Shane should email himself the links of the postings so that he can retrieve them later.
- B. Shane should preserve the Information from the social networking sites so that it can be established as authentic if used in court.
- C. Shane should conduct a forensic shutdown of his computer to preserve the metadata in the social networking sites.
- D. Shane should preserve the information by saving the links of ate postings in his 'bookmarks "
Answer: B
NEW QUESTION # 66
When planning for the interview phase of an investigation, which of the following steps should NOT be taken by the fraud examiner?
- A. Consider what the interview is intended to accomplish and state an objective.
- B. Prepare a detailed list of questions to ask the subject during the interview.
- C. Review the case file to ensure that important information has not been overlooked
- D. Ensure that the interview is held in a venue where the subject will feel Uncomfortable
Answer: D
Explanation:
According to CFE guidance, when planning interviews, fraud examiners should:
* "Consider what the interview is intended to accomplish and state an objective.
* Review the case file to ensure that important information has not been overlooked.
* Prepare a list of topics and general questions.
* Choose a neutral and nonthreatening environment so the subject does not feel intimidated." Holding the interview in a venue intended to make the subject feel uncomfortableviolates proper CFE interview practice. Hence,Dis correct.
NEW QUESTION # 67
Boyd a Certified Fraud Examinee (CFE), was hired to trace Lottie's financial transactions. During his investigation Boyd obtains records of electronic payments that Lottie made during the past five years. Which of the following are these records most likely to reveal?
- A. The market value of any real property Lottie owns
- B. The assets that Lottie has purchased
- C. The division and distribution of Lottie's assets
- D. It Lottie It skimming her employer's funds
Answer: B
NEW QUESTION # 68
Which of the following is a common method that fraudsters use to hide their ill-gotten gains?
- A. Placing assets in probate
- B. Creating a will to allocate assets at death
- C. Transferring assets into foreign trusts
- D. Purchasing a used vehicle
Answer: D
NEW QUESTION # 69
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