ACFE Investigation 2

Question 1

During a fraud investigation, which type of interview is typically conducted first to gather preliminary information without alerting the suspect?

Accepted Answer

Informational interview

Answer

Informational interviews are conducted early in an investigation to gather facts from witnesses and peripheral parties without disclosing suspicions.

Question 2

What is the primary purpose of a 'net worth analysis' in a fraud investigation?

Accepted Answer

To identify unexplained increases in a subject's wealth

Answer

Net worth analysis compares changes in a subject's net worth over time to identify wealth that cannot be explained by reported income, suggesting hidden income from fraud.

Question 3

Which legal doctrine allows investigators to examine financial records without a subpoena if a third party (such as a bank) voluntarily produces them?

Accepted Answer

Third-party doctrine

Answer

The third-party doctrine holds that individuals have no reasonable expectation of privacy in records voluntarily shared with third parties like banks.

Question 4

When an investigator discovers that a suspect used a shell company to conceal fraud proceeds, which technique is MOST appropriate to trace the funds?

Accepted Answer

Link analysis

Answer

Link analysis maps relationships between entities, people, and transactions to reveal hidden connections such as shell company ownership.

Question 5

A fraud examiner is reviewing emails for evidence. Which chain of custody step is MOST critical when collecting digital evidence?

Accepted Answer

Creating a forensic image of the original media

Answer

Creating a forensic image preserves the integrity of digital evidence and ensures the original data is not altered, maintaining chain of custody.

(ACFE) Association of Certified Fraud Examiners Practice Test

(ACFE) Association of Certified Fraud Examiners Practice Test

ACFE Investigation 2