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The CFE-Investigation exam covers a wide range of topics related to fraud investigation, including fraud schemes, legal elements of fraud, interviewing techniques, evidence collection and analysis, and report writing. CFE-Investigation Exam is designed to test the knowledge and skills of professionals who work in fields such as law enforcement, accounting, internal audit, and other related areas.
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The CFE-Investigation Certification Exam covers a wide range of topics related to fraud investigation, including financial transactions and analysis, interviewing techniques, legal elements of fraud, and report writing. CFE-Investigation exam is comprehensive and challenging, with a pass rate of around 50%. To be eligible to take the exam, candidates must have at least two years of professional experience in fraud investigation and meet other criteria established by the ACFE. Once certified, professionals can use the CFE-Investigation designation to showcase their expertise and distinguish themselves in the job market.
The CFE-Investigation certification exam is designed for professionals who have at least two years of experience in fraud investigations. CFE-Investigation Exam covers a wide range of topics, including fraud schemes, investigation techniques, legal issues, and report writing. CFE-Investigation exam consists of four sections, each of which has 125 multiple-choice questions. Candidates have four hours to complete each section, and they must score at least 75% on each section to pass the exam. Once a candidate passes the exam, they must also adhere to the ACFE's code of ethics and complete ongoing continuing education requirements to maintain their certification. Overall, the CFE-Investigation certification is an excellent way for professionals to demonstrate their expertise in fraud investigation and advance their careers in this field.
ACFE Certified Fraud Examiner - Investigation Exam Sample Questions (Q41-Q46):
NEW QUESTION # 41
Tonya, a suspect in a kickback scheme, is being interviewed by Carlos, a fraud examiner. As the interview progresses. Carlos notices that Tonya is exhibiting signs of stress, such as repeatedly touching her face, crossing and uncrossing her legs, and darting her eyes around the room Carlos should conclude that Tonya's behavior is the result of deception
- A. False
- B. True
Answer: B
NEW QUESTION # 42
Which of the following is the LEAST ACCURATE statement about seizing a computer for examination?
- A. Before removing a computer system from a scene for further analysis, it is important to document the system's setup with photographs or diagrams.
- B. When seizing a computer that is running, it is acceptable for a fraud examiner to review the files contained on the machine prior to seizing it.
- C. When seizing a computer for examination, the seizing party should took around the area for passwords because many people leave passwords near their computers
- D. When taking a computer for examination, if the computer is off. it should remain off when it is removed.
Answer: B
NEW QUESTION # 43
Gilbert is preparing to conduct a covert investigation. Before acting, he wants to wnte a memorandum documenting his plan. Which of the following pieces of information should he include in this memorandum?
- A. All of the above
- B. His first impression regarding the subject's culpability
- C. The identities of any confidential sources to be used in the operation
- D. The information expected to be gained from the operation
Answer: D
NEW QUESTION # 44
Due to risks of illicit transactions, most jurisdictions require financial institutions to obtain information about which of the following from an institution with which they have a foreign correspondent relationship?
- A. The institution's branch addresses
- B. The institution's licenses or certifications
- C. The institution's client loan profiles
- D. The institution's tax statements
Answer: B
Explanation:
The Financial Action Task Force (FATF) Recommendations, as cited in the Fraud Examiners Manual, require enhanced due diligence in correspondent banking relationships. Specifically, banks must"avoid correspondent banking with shell banks"and ensure the foreign institution is properly licensed and regulated.
This means financial institutions must confirm that the foreign correspondent bank holds the necessarylicenses or certificationsto operate legitimately.
Other options (branch addresses, tax statements, or client loan profiles) are not mandated under FATF's correspondent banking due diligence requirements. The most critical factor is verifying the correspondent institution'slegal authorization (licenses/certifications)to prevent money laundering and terrorist financing.
NEW QUESTION # 45
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 organizational filing with the government of the jurisdiction in which the company is incorporated
- B. The contractual records of any real property owned by the corporation
- C. The company's income tax filings
- D. The comprehensive litigation file in the local court in the jurisdiction in which the company is headquartered
Answer: A
NEW QUESTION # 46
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