Certified Fraud Examiner - Investigation

Here you have the best ACFE CFE - Investigation practice exam questions

You have 168 total questions to study from
Each page has 5 questions, making a total of 34 pages
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This questions were last updated on November 12, 2025
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Question 1 of 168

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?

Compare book and tax depreciation and indicate variances

Identify paycheck amounts over a certain limit

Summarize large invoices by amount and vendor

All of the above

Correct Answer: B

Question 2 of 168

Which of the following BEST describes the data analytics approach known as predictive analytics?

The configuration of a business program to emulate and integrate the actions of a human to execute certain business processes, thus increasing efficiency and automating repetitive manual tasks

The use of historical data, along with analyses, statistics, and machine learning components, to build a mathematical model that captures important trends and creates a quantitative forecast

The use of layered artificial neural networks to accommodate more data and more sophisticated algorithms to identify complex patterns.

The employment of a learning algorithm that identifies similarities, patterns, or anomalies within a data set on its own without human involvement.

Correct Answer: B

Question 3 of 168

Jade, a Certified Fraud Examiner (CFE), is conducting an internal investigation in which an employee is suspected of stealing inventory and selling it through a possible shell company called Hidden Finds, LLC. When Jade tries to check Hidden Finds’ website, a message appears that redirects customers to a web address that ends with .onion. To view the website’s consent, Jade will need to install a specialized web browser that enables her to access which of the following?

The internet archives

The dark web

The free web

The deep archives

Correct Answer: B

Question 4 of 168

Which of the following is NOT a common use of public sources of information?

Corroborating or refuting witness statements

Obtaining background information on individuals

Locating people and their assets

Searching an individual’s income tax fillings

Correct Answer: A

Question 5 of 168

Anne used Will as a confidential informant in her investigation. Anne listed information provided by Will in her final report, referring to him using his initials. She paid Will in cash and obtained a receipt for the transaction. Which of Anne’s methods was NOT considered a best practice when using informants?

Using information provided by Will in her report

Using cash to pay Will

Obtaining a receipt from Will

Referring to Will using his initials

Correct Answer: C