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The CFE-Investigation certification is geared towards those professionals who are actively involved in the field of fraud investigation. The ACFE recognizes that even with the CFE credential, there is still a need for specialized knowledge in the area of fraud investigations. Therefore, they created a certification that focuses on advanced techniques and skills required to conduct effective fraud investigations.
The Association of Certified Fraud Examiners (ACFE) CFE-Investigation (Certified Fraud Examiner - Investigation) Exam is a globally recognized certification that demonstrates an individual’s expertise in detecting, investigating, and preventing fraud. CFE-Investigation Exam assesses an individual’s knowledge and skills in various areas, such as financial transactions, interviewing, report writing, legal aspects of fraud investigations, and data analysis. Certified Fraud Examiner - Investigation Exam certification is intended for professionals who specialize in fraud examination, including fraud investigators, forensic accountants, auditors, and risk management professionals.
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ACFE CFE-Investigation (Certified Fraud Examiner - Investigation) Exam is a certification program designed to prepare individuals who are interested in investigating fraud. The Association of Certified Fraud Examiners (ACFE) is responsible for the development and administration of the CFE-Investigation Exam. CFE-Investigation exam is designed to test the candidate's knowledge of various fraud investigation techniques, including interview techniques, evidence collection, and legal considerations.
ACFE Certified Fraud Examiner - Investigation Exam Sample Questions (Q127-Q132):
NEW QUESTION # 127
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?
- A. The invisible archives
- B. The deep web
- C. The free web
- D. The internet archives
Answer: D
NEW QUESTION # 128
Andrew wants to use a confidential informant in his investigation. He plans to compensate the informant with cash and obtain a receipt. He also plans to identify his source in a memorandum and his final report using only the informant's initials. Which of Andrew's plans is NOT considered a best practice when using an informant?
- A. Referring to the informant in the memorandum using the informant's initials
- B. Creating a receipt regarding the cash payment
- C. Using information from the informant in his final report
- D. Compensating the informant with cash
Answer: A
Explanation:
Referring to the informant in the memorandum using the informant's initials Best practice requires that informants be identified only by symbols (e.g., I-1, I-2), not by initials, to protect their identity. Cash payments are acceptable but must be accompanied by a receipt.
NEW QUESTION # 129
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 contractual records of any real property owned by the corporation
- C. The comprehensive litigation file in the local court in the jurisdiction in which the company is headquartered
- D. The organizational filing with the government of the jurisdiction in which the company is incorporated
Answer: D
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 # 130
Fraud examination repots should be written with which of the following audiences in mind?
- A. Judges or juries
- B. Witnesses
- C. Opposing legal counsel
- D. At of the above
Answer: D
NEW QUESTION # 131
If your suspect is spending suspected illicit funds on consumables (e.g.. travel and entertainment) and you need to prove their illicit income circumstantially, which of the following methods of tracing assets would yield the BEST result?
- A. The asset method
- B. The income method
- C. expenditures method
- D. The consumables method
Answer: C
NEW QUESTION # 132
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