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ACFE Certified Fraud Examiner (CFE) - Fraud Investigations and Legal Issues Sample Questions:

1. Smith, a Certified Fraud Examiner (CFE). works for the ABC Company, a private entity that operates w\ a jurisdiction with civil laws for defamation, invasion of privacy. and conflict of interest Smith seizes and searches the personal smartphone of Green an employee of ABC even though Green was not suspected of any wrongdong Assuming that Green had a reasonable expectation of privacy in the smartphone and Smith conducted the search without a legitmate interest or authority, under which of the following claims would Green MOST LIKELY be able to recover damages against Smith?

A) Public disclosure of private facts
B) Conflict of interest
C) Slander
D) Intrusion into Green ' s private matters


2. Which of the following types of data is BEST to use when performing a Benford's Law analysis?

A) Transaction amounts.
B) Vendor telephone numbers.
C) Government identification numbers.
D) Retail store numbers.


3. Which of the following is one of the three basic options by which organizations can legitimize cross-border transfers of personal information?

A) Obtain approval from a Certified Information Privacy Professional (C PP)
B) Use a third-party transferring service
C) Establish a contract between the entities exchanging the information
D) Obtain a warrant granting permission to transfer the data


4. Which of the following is NOT one of the main limitations of conducting a search for public records using online databases?

A) Online coverage of public records varies widely from jurisdiction to jurisdiction
B) Online public records searches are limited in the jurisdictions they cover.
C) Public records database companies are difficult to find.
D) The timeliness and accuracy of information in online databases must be validated


5. Which of the following actions describes a best practice that management should take to preserve the confidentiality of a fraud investigation?

A) Create and implement a policy that states that all employees are prohibited from discussing an ongoing employee investigation.
B) Inform anyone involved in the investigation that they should avoid using unsecured email to transmit confidential case information.
C) Appoint a law enforcement officer or government official to supervise the investigation.
D) Suspend all employees involved in the investigation until the case has been resolved.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: B

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