CFE - Investigation Exam - Free Actual Q&As, Page 1

CFE - Investigation Actual Exam Questions

Last updated on Feb. 13, 2025.

Vendor:ACFE

Exam Code:CFE - Investigation

Exam Name:Certified Fraud Examiner - Investigation

Exam Questions:168

Topic 1 - Exam A

Question #1 Topic 1

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 paycheck amounts over a certain limit
C. Summarize large invoices by amount and vendor
D. All of the above

Reveal Solution Discussion

Correct Answer: B 🗳️

Question #2 Topic 1

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

A. 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
B. 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
C. The use of layered artificial neural networks to accommodate more data and more sophisticated algorithms to identify complex patterns.
D. The employment of a learning algorithm that identifies similarities, patterns, or anomalies within a data set on its own without human involvement.

Reveal Solution Discussion

Correct Answer: B 🗳️

Question #3 Topic 1

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?