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To earn the CFE-Investigation Certification, candidates must pass a rigorous exam that covers four main areas: financial transactions and fraud schemes, law, investigation, and fraud prevention and deterrence. CFE-Investigation exam consists of 125 multiple-choice questions and is administered over a four-hour period. Candidates must achieve a minimum score of 75% to pass.
Becoming a CFE-Investigator means that you have demonstrated mastery of the knowledge and skills required to effectively investigate fraud. The credential is widely respected in the industry and can enhance an individual’s career and earning potential. In addition to the certification, ACFE membership provides access to a global network of anti-fraud professionals, resources, and training that can help individuals stay up-to-date with the latest trends and best practices in fraud prevention and investigation.
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The CFE-Investigation Exam covers a broad range of topics, including fraud prevention and deterrence, financial transactions and fraud schemes, legal aspects of fraud investigation, and ethics. CFE-Investigation exam is designed to test the candidate's knowledge and skills in identifying, investigating, and preventing fraud, as well as their ability to communicate effectively with stakeholders and manage investigations.
ACFE Certified Fraud Examiner - Investigation Exam Sample Questions (Q51-Q56):
NEW QUESTION # 51
Mila. a Certified Fraud Examiner (CFE). needs to obtain court records and wants to be as sure as possible that the records are accurate In most countries, the most reliable way lo obtain these documents is to obtain them directly from the court authorities.
Answer: A
Explanation:
Court records are frequently used in fraud investigations. Both the Prep Guide and the Manual agree thatthe court clerk's office (court authorities) is the original and most reliable sourceof certified and accurate records.
Although commercial services and online databases exist, the manuals emphasize that reliability and certification are best ensured by going directly to the court where the case was filed.
Thus, the statement isTrue.
NEW QUESTION # 52
Elsa, a fraud examiner at ABC Corp., is interviewing Leah, a fraud suspect. Leah allegedly committed a fraud scheme that resulted in a loss of $200,000 for ABC. Elsa asks Leah directly whether she was involved in the fraud. Which of the following responses from Leah is MOST LIKELY an indication that she is being deceptive?
- A. "Why would I do something like that?"
- B. "I had no involvement with the scheme."
- C. "No, I have never stolen anything from ABC."
- D. "No, I did not commit fraud against ABC."
Answer: A
Explanation:
CFE interview guidance identifies verbal behaviors that often appear when an interviewee is being deceptive.
A strong indicator is answering with a question rather than providing a direct denial. When asked directly about misconduct, truthful respondents commonly give a straightforward "no" and may add clarifying facts.
Deceptive respondents sometimes deflect, buy time, or attempt to regain control by replying with a question such as, "Why would I do something like that?" This response avoids the substance of the allegation and shifts the burden back to the interviewer, potentially probing how much evidence the interviewer has. While Options A, B, and D are denials (and any denial could be untrue), the CFE materials specifically flag
"answering with a question" as a frequent deceptive tactic because it functions as diversion and can indicate discomfort with issuing a clear denial. Therefore, among the choices presented, Option C is most consistent with a deceptive verbal response pattern described in CFE interview methodology.
NEW QUESTION # 53
Allison, a Certified Fraud Examiner (CFE). is investigating a potential procurement fraud scheme. While interviewing a subject, she asks. "Why did you choose to do business with that vendor?" This can BEST be described as a(n):
- A. Complex question
- B. Closed question
- C. Leading question
- D. Open question
Answer: D
NEW QUESTION # 54
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Credit card statements
- B. Service bills
- C. Financial institution records
- D. Paystubs
Answer: B
NEW QUESTION # 55
Charles, a fraud examiner, accuses George of fraud during an admission-seeking interview. George immediately denies the charge How should Charles respond to George's denial?
- A. Use a delaying tactic to interrupt the denial
- B. Allow George to continue denying the charge.
- C. Counter the denial by arguing with George until further denials are futile
- D. Remind George he has to tell the truth or face perjury.
Answer: A
NEW QUESTION # 56
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