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ACFE Certified Fraud Examiner (CFE) - Fraud Investigations and Legal Issues Sample Questions:
1. Which of the following statements about the appeals process in cranial cases is MOST ACCURATE?
A) In civil law jurisdictions appellate courts are generally not permitted to make their own legal conclusions when reviewing a case
B) Appellate courts will usually reverse a conviction even if the trial court ' s error did not affect the outcome of the case
C) In common law jurisdictions, appellate courts are generally not permitted to make their own factual determinations when reviewing a case
D) Appellate courts will usually hear an appeal even if the petition was not filed in a timely manner
2. 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) Obtaining a receipt from Will
B) Referring to Will using his initials
C) Using information provided by Will in her report
D) Using cash to pay Will
3. Which of the following should be done to prepare an organization for a formal fraud investigation?
A) Inform the subject that they are under investigation.
B) Issue an organization-wide communication that notifies all employees about the investigation
C) Notify all managers about the investigation, explaining why it is happening and who is involved.
D) Prepare the managers of the employees who will be involved in the investigation
4. Which of the following is the MOST ACCURATE statement regarding a fraud examiner ' s ability to trace cryptocurrency transactions?
A) Cryptocurrency ownership cannot be determined through an analysis of details on a subject ' s bank statements.
B) Each Blockchain transaction contains a user ' s cryptographic address, which can help identify patterns that might link the user to criminal activity.
C) Most cryptocurrencies rely on private block chains, which allow users ' transactions to be completely anonymous and therefore difficult to trace.
D) Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users
5. Robert, a new investigator, asks Adam, a witness to an alleged fraud, "Didn't you think that he wasn't behaving appropriately?" This kind of question is called a(n):
A) Inverted question
B) Controlled-answer question
C) Complex question
D) Double-negative question
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |




