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ACFE CFE-Investigation Practice Test Questions Answers

Exam Code: CFE-Investigation (Updated 170 Q&As with Explanation)
Exam Name: Certified Fraud Examiner (CFE) - Investigation
Last Update: 15-Oct-2025
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Questions Include:

  • Single Choice: 170 Q&A's

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    All Certified Fraud Examiner Related Certification Exams

    Total Questions: 158
    Updated: 15-Oct-2025
    Total Questions: 186
    Updated: 15-Oct-2025

    CFE-Investigation Questions and Answers

    Question # 1

    Which of the following statements about the process of obtaining a verbal confession is TRUE?

    A.

    The only acceptable approaches to obtaining a verbal confession are chronologically or by transaction

    B.

    The transition from the accusation to the confession should occur when the accused supplies the first detailed information about the offense.

    C.

    If the subject lies about an aspect of the offense in the process of confessing, it is best to correct the records immediately before proceeding

    D.

    Fraudsters tend to overestimate the amount of funds involved in the offense to relieve themselves of the guilt of their dishonest actions.

    Question # 2

    Which of the following statements about the process of obtaining a verbal confession is NOT true?

    A.

    The transition from the accusation to the confession should occur when the accused supplies the first detailed information about the offense.

    B.

    Fraudsters tend to overestimate the amount of funds involved in the offense to relieve themselves of the guilt of their dishonest actions.

    C.

    If the subject lies about an aspect of the offense in the process of confessing, it is best to proceed initially as if the falsehood has been accepted as truth.

    D.

    The three general approaches to obtaining a verbal confession are chronologically, by transaction, or by event.

    Question # 3

    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?

    A.

    Referring to Will using his initials

    B.

    Obtaining a receipt from Will

    C.

    Using information provided by Will in her report

    D.

    Using cash to pay Will

    Question # 4

    Christopher, a fraud examiner, is conducting an admission-seeking interview with Jennifer, an employee suspected of stealing cash. Which of the following is the LEAST EFFECTIVE phrasing for Christopher to use when posing an admission-seeking question to Jennifer?

    A.

    "Did you steal the money?"

    B.

    'What did you do with the money?"

    C.

    "Why did you take the money?"

    D.

    "How much of the money do you have left?"

    Question # 5

    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?

    A.

    Compare book and tax depreciation and indicate variances

    B.

    Identify paychecks with amounts over a certain limit

    C.

    Summarize large invoices by amount and vendor

    D.

    All of the above

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