Free ACFE CFE-Investigation Practice Exam with Questions & Answers

“The failure to preserve the integrity of digital evidence could result in evidence being deemed inadmissible in a legal proceeding, or, even if admitted, it might not be given much weight because evidence of questionable authenticity does not provide reliable proof.”

Therefore,D is the most accurate statement.

Phone records are classified asnonpublic records. TheFraud Examiners Manualexplains that personal telephone and mobile records usually requireconsent, subpoena, or warrantto access. Public records, by contrast, include real property ownership and corporate filings. Therefore,Bis correct.

TheFraud Examiners Manualexplains:

“Before running tests on the data, the fraud examiner must make certain the data being analysed are relevant and reliable for the objective of the engagement… Using the profile of potential frauds as a guide, the fraud examiner must identify the target data for analysis”.

TheFraud Examiners ManualandCFE Prep Guideboth state:

“In an admission-seeking interview, the interviewer should transition to the verbal confessionwhen the accused furnishes the first detailed information about the offence. There are three approaches to obtaining the confession: chronologically, by transaction, or by event”.

Thus,Bis the true statement.

“Even when a victim refers a fraud case for criminal prosecution, the government will usuallynot disclose the contents of nonpublic records with the victim during the investigation”.

Thus, optionDis most accurate.

“Credit card records… show card purchasing limits, previous payment history, account balance,when and where the subject has travelled, restaurants frequented, and assets acquired. In short, these records show the movements and habits of the person”.

Therefore,Bis correct.

The2014 Fraud Examiners ManualandCFE Prepexplain:

“Closing questions seek to close the interview positively. In routine interviews, closing questions serve the following purposes: reconfirm facts, gather additional facts, and conclude the interview in a manner required to maintain goodwill.”

Thus, the correct answer isA.

Credit reports can sometimes be obtained legally if properconsentor a recognized legal basis (such as employment background checks, extension of credit, or legal proceedings) exists. The Manual notes:

“Access to personal credit data may be permitted when theindividual has given consentor when required for employment, credit, or legal reasons”.

Thus, it isnot truethat credit data can never be obtained—circumstances exist where it can be done lawfully.

“The interviewer must not express disgust, outrage, or moral condemnation… the basic logic of obtaining confessions can be summed up asmaximize sympathy and minimize the perception of moral wrongdoing”.

Sympathy creates an environment conducive to confession, while other options (third-party presence, emphasizing immorality, or pressuring with time) are explicitly discouraged.

Fraud examiners can obtain documentary evidence by consent, subpoena, or other legal means. While oral consent may sometimes be sufficient,bank records from financial institutions generally require written consent. Without written consent, the bank is not required to provide access. As stated in the manual:

“Accessing a subject’s bank records from financial institutions, for instance, generally requires written consent. If no consent is given… legal action might be required, most often a subpoena or other court order”.

Thus, although the suspect gave oral consent, Alex cannot access the bank records without written authorization or legal order.