CFE-Investigation Exam Questions & Answers
Certified Fraud Examiner - Investigation Exam • ACFE
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Sample CFE-Investigation Questions
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Jackson, a Certified Fraud Examiner (CFE). is analyzing Elm Company's accounts payable data to identify anomalies that might indicate fraud. Which of the following is the MOST EFFECTIVE data analysis function that Jackson could use to look for potential fraud in accounts payable?
The 2014 International Fraud Examiners Manual provides examples of data analysis for accounts payable:
''Examples of data analysis queries that can be performed to help detect fraud through examination of accounts payable include:
* Audit paid invoices for manual comparison with actual invoices.
* Summarise large invoices by amount, vendor, etc.
* Identify debits to expense accounts outside of set default accounts.
* Reconcile cheque registers to disbursements by vendor invoice.''
While other functions apply to payroll or asset management, the most effective function for accounts payable fraud detection is to summarize large invoices by amount and vendor.
Misty, a fraud investigator, is interviewing Larry, who she suspects has been embezzling company funds. Which of the following is NOT a recommended sequence in which Misty should ask Lam/ questions?
''As a general rule, questioning should proceed from the general to the specific; it is best to seek general information before details. A variation... is to begin with known information and work towards unknown areas''9:2014 International Fraud Examiners Manual.pdfL39-L51.
Random order is not recommended and breaks the logical flow.
Which of the following would be most useful in determining when a specific document file was created?
''Metadata information can help determine who wrote a document, who received, opened, copied, edited, moved, or printed the document, and when these events occurred''.
Thus, metadata is the best source for creation date.
Sylvia, a novice interviewer, asks Adam, the respondent, the following question: "Didn't you know that something wasn't right?" This kind of question is called a_____________question.
The Fraud Examiners Manual defines double-negative questions as those containing two forms of negation in a single clause. They are confusing and ''often suggest an answer opposite to the correct one.'' The example given is almost identical to the question here:
''Didn't you suspect that something wasn't right?''.
Thus, Sylvia's question is a double-negative question, which should be avoided.
Tara. a Certified Fraud Examiner (CFE). is searching social media sites for evidence in a fraud investigation. Which of the following is the MOST ACCURATE statement regarding what Tara should do when mining social media sites for evidence of fraud?
The Fraud Examiners Manual and CFE Prep emphasize:
''Generally, documentary evidence, including digital evidence, will not be admitted in a legal proceeding unless it is established as authentic... Consequently, fraud examiners who collect evidence from social media must capture, download, and preserve any useful information as soon as they discover it, and they must memorialize each step of the collection process''.
Thus, preservation for authenticity is the key.
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