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ACFE CFE-Investigation Practice Test Questions Answers

Exam Code: CFE-Investigation (Updated 181 Q&As with Explanation)
Exam Name: Certified Fraud Examiner (CFE) - Investigation
Last Update: 04-Mar-2026
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Questions Include:

  • Single Choice: 181 Q&A's

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    All Certified Fraud Examiner Related Certification Exams

    Total Questions: 171
    Updated: 04-Mar-2026
    Total Questions: 186
    Updated: 04-Mar-2026

    CFE-Investigation Questions and Answers

    Question # 1

    Which of the following questions would be most effective when starting the calibration process during an interview?

    A.

    "Did you commit any misconduct against the company?"

    B.

    "Do you know what the punishment is for violations like this'5"

    C.

    "Do you know who might have defrauded the company?"

    D.

    "How many jobs have you had before this one?’

    Question # 2

    Which of the following sets of numbers could a fraud examiner MOST LIKELY benefit from running a Benford’s Law analysis on?

    A.

    Telephone numbers

    B.

    Vendor invoice amounts

    C.

    Employee identification numbers

    D.

    Bank account numbers

    Question # 3

    Susan, a Certified Fraud Examiner (CFE). is conducting an ad mission-seeking interview of Beth, a fraud suspect. After Susan gave Beth a suitable rationalization for her conduct. Beth continued her denials, giving various alibis. Which of the following would be the LEAST EFFECTIVE technique for Susan to use in this situation?

    A.

    Displaying evidence that specifically contradicts Beth's alibis

    B.

    Discussing some of Beth's prior deceptions

    C.

    Discussing the testimony of other witnesses

    D.

    Displaying all the evidence she has against Beth at once

    Question # 4

    Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?

    A.

    A victim of fraud wants to facilitate the recovery of criminal proceeds.

    B.

    An employer wants to know if an employee is falsifying regulatory reports

    C.

    An attorney wants to evaluate an expert's financial report

    D.

    An entity needs to find hidden relationships in big data that otherwise would not be discovered.

    Question # 5

    Which of the following statements concerning a well-written fraud examination report is MOST ACCURATE?

    A.

    The report should convey all Information provided by witnesses

    B.

    Only relevant facts that support the fraud allegation should be included in the report

    C.

    The report writer should avoid technical jargon where possible

    D.

    Signed copies of the fraud examiner's interview notes should be used to report interview details

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