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ACFE Certified Fraud Examiner (CFE) - Fraud Investigations and Legal Issues Sample Questions:
1. A fraud examiner contacts a witness for an interview regarding a financial statement fraud case, but the witness responds by saying that they are too busy to be interviewed. It is MOST APPROPRIATE for the fraud examiner to respond by:
A) Mentioning that all of the witness's coworkers have already agreed to be interviewed about the case.
B) Assuring the witness that the interview will not take a long time and will not be difficult.
C) Offering to conduct the interview after work hours to better accommodate the witness's schedule.
D) Telling the witness that their refusal to be interviewed will be documented in their personnel file.
2. Calvin, an attorney, sends a letter that is protected by a legal professional privilege to Katrina, one of his clients. Upon receiving the letter, Katrina emails it to her coworker who has no need to know the information contained in the letter. Which of the following statements is MOST ACCURATE?
A) The privilege was not waived because the legal professional privilege cannot be waived by transmitting protected information to a third party.
B) The privilege might have been waived because Katrina used email to transmit the protected information.
C) The privilege might have been waived because Katrina transmitted the protected information to a third party who has no need to know the information.
D) The privilege was not waived by Katrina because the legal professional privilege belongs to the attorney, not the client.
3. Wagner is a new fraud examiner collecting organizational data for analysis as part of an investigation. Which of the following factors is MOST LIKELY to present a challenge for Wagner in collecting this data?
A) The organization has a data retention policy in place that limits the amount of historical data available for analysis.
B) Wagner only needs to collect structured data from internal sources for his analysis.
C) The organization maintains its data in automated systems, and all the data found in those systems is standardized.
D) All the data Wagner needs resides in one jurisdiction, which has limited data privacy laws.
4. Which of the following statements about fraud examination reports is TRUE?
A) Fraud examiners should assume that their fraud examination reports might be shared with members of the media.
B) One purpose of a fraud examination report is to share the fraud examiner's opinions and the basis for those opinions.
C) Fraud examiners should assume that access to their fraud examination reports is limited to parties directly involved in the case.
D) One purpose of a fraud examination report is to confirm a party's liability for losses caused by fraud and initiate the recovery process.
5. Naveed, a fraud suspect, has decided to make an admission to Omar, a Certified Fraud Examiner (CFE).
Which of the following items of information should Omar obtain from Naveed during the verbal admission?
A) A general estimate of the amount of money involved in the fraud
B) Controls that would have prevented Naveed from committing the fraud
C) Facts about the fraud known to co-conspirators and witnesses
D) A statement from Naveed indicating that his conduct was an accident
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |



