Free ACFE CFE-Investigation Exam Questions

Become ACFE Certified with updated CFE-Investigation exam questions and correct answers

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Total 172 Questions | Updated On: Oct 29, 2025

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Question 1

Management at First Choice Inc. suspects that Nathan, its chief financial officer (CFO), has been embezzling funds. It hires Rein

a. a Certified Fraud Examiner (CFE), to investigate the matter When conducting the fraud examination. Reina should proceed as though;

A : ter Nathan is terminated, the case will end

B : case will end in litigation.

C : than is guilty

D : matter will be resolved completely internally.

Answer: B

Question 2

A fraud examiner is based m the United States, a non-European Union (EU) country, and is collecting personal information from their company's human resources (HR) files about an employee based in Spain, an EU 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 : ue

B : lse

Answer: A

Question 3

All of the following are true with regard to textual analytics EXCEPT:

A : en conducting textual analysis, the fraud examiner should come up with a list of fraud keywords to search for.

B : xtual analytics is used to reveal patterns, sentiments, and relationships indicative of fraud

C : purpose of textual analytics is to search for and find an admission of fraud that can be presented in court

D : xtual analytics provides the ability to uncover warning signs of potentially fraudulent employee behavior

Answer: C

Question 4

When planning for the interview phase of an investigation, which of the following steps should NOT be taken by the fraud examiner?

A : nsider what the interview is intended to accomplish and state an objective.

B : view the case file to ensure that important information has not been overlooked

C : epare a detailed list of questions to ask the subject during the interview.

D : ure that the interview is held in a venue where the subject will feel Uncomfortable

Answer: D

Question 5

Gunn, a Certified Fraud Examiner (CFE). was hired to trace Kelly's financial transactions. During his investigation. Gunn obtains records of electronic payments that Kelly made during the past three years. Which of the following are these records MOST LIKELY to reveal?

A : Kelly has been skimming funds

B : cities and countries in which Kelly conducts business

C : division and distribution of Kelly's assets

D : market value of any real property Kelly owns

Answer: C

Page: 1 / 35

Total 172 Questions | Updated On: Oct 29, 2025

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