ACFE CFE Investigation Practice Questions: How to Ace Your CFE Exam?

ACFE CFE Investigation Practice Questions: How to Ace Your CFE Exam?

ACFE CFE Investigation Practice Questions: If you have decided to get ACFE certification, then you must know that Certified Fraud Examiner (CFE) is provided by the Association of Certified Fraud Examiners (ACFE). It is an important professional growth for many professionals in the field of Law, Investigation, Financial Transactions, Fraud schemes etc. To earn this credential, you'll have to pass a severe exam that will evaluate your knowledge and ability in the field of fraud investigation. The best and most helpful way to prepare for the CFE exam is by using ACFE CFE Investigation Practice Questions and Live Testing Modules. In this article, we'll explore the benefits of using practice questions to prepare for the CFE exam and how to monitor your daily progress.

What Are ACFE CFE Investigation Practice Questions?

ACFE CFE Investigation Practice Questions are intended to help you prepare for the CFE exam. These questions cover a range of topics related to fraud investigation, including fraud schemes, financial transactions, and legal and ethical issues. By preparing these practice questions, you'll become more acquainted with the exam format and familiar with the complexity of the exam.

ACFE CFE Investigation Practice Questions are prepared and all answers are verified by certified professionals. Preparing with these questions will be challenging for you and you will be able to prepare yourself. You’ll get experience as if you are actually attempting the exam.

The Benefits of Using Practice Questions to Prepare for the CFE Exam

Practice Questions provide a number of benefits, including:

Pointing out your weak points: Practice questions can help you to identify areas where you need development. If you’ll be able to identify your weak point, then you can minimize and utilize your time of preparation by investing it in the required topics. You’ll be able to focus with confidence rather than being confused.

Confidence Building: by testing yourself repeatedly you will gain confidence and can overcome your fear of failure and anxiety. You’ll feel prepared and confident on the exam day.

Hands-on Experience on Exam Format: The actual exam is a computer-based test that contains multiple-choice questions. Practice questions are also in the form of multiple-choice questions, plus their answers also come with explanations, so that you can precisely understand the answer and have an understanding of the questions.

How to Make the Most of Your Study Time?

Tips to make the most of the time to prepare for the ACFE CFE exam are as follows:

Make a schedule: Set a schedule for study and stick to it without any excuse, Consistent study will help you hold onto information and avoid overfill.

Focus on weak points: Identify areas where you need improvement and keep an eye on improving those weak areas. Use practice questions to monitor your performance, this will prevent wastage of time and develop your performance.

Take Practice Questions Under Timed Conditions: To simulate the exam experience, take a self-test under timed conditions. This will help you build your test-taking skills and become more comfortable with the exam format.

Review Answers: Every time you take the test just review the questions that you get wrong and understand why you missed them. This will help you identify areas where you need improvement and avoid making the same mistakes on the actual exam.

Getting prepared with the Practice questions with dedication, hard work and a solid study plan will make you confident, prepared and ready to ace the exam on the first attempt, Make a solid study plan with several study methods and follow that study plan with dignity and stick to it to the end day of the preparation. You’ll get familiarity with the actual exam format and a clear view of the complexity of the questions.

Here are some Sample Practice Questions:

Question 1: Which of the following statements is MOST ACCURATE regarding covert operations?

1. Most jurisdictions provide protections for investigators conducting covert operations that shield them from reputational, financial, and legal consequences. 

2. Covert operations rarely prove beneficial to investigations even when planned properly. 

3. Fraud examiners should conduct covert operations only after attempting conventional methods of evidence gathering. 

4. Mistakes in covert operations generally do not cause damage to their associated investigations.

Answer: A

Question 2: Steve, a Certified Fraud Examiner (CFE), was Interviewing Michelle, a fraud suspect. During the first part of the Interview, Michelle was attentive. However, when he asked her more direct questions about the fraud, she suddenly seemed unconcerned, alternately chewing on her pen cap and picking at a loose piece of fabric on the arm of her chair. From this conduct, Steve is likely to conclude that Michelle:

1. Does not know the answers to Steve’s questions 

2. Is telling the truth 

3. Is feeling bored by the interview process 

4. Is being deceptive

Answer: D

Question 3: When a Certified Fraud Examiner (CFE) conducts a fraud examination, the fraud examiner must proceed as though.

1. The case will end in litigation.

2. The case will end after the suspect is terminated.

3. The matter will be resolved completely internally

4. The suspect is guilty.

Answer: A

Question 4: Which of the following types of information would LEAST LIKELY be found when searching external sources without the subject’s consent or a legal order?

1. A competitor's ownership information

2. Assets owned by a subject

3. A subject’s employee personnel file

4. A witness’s address 

Answer: A

Check out other Free Practice Questions:

• ACFE CFE Financial Transactions and Fraud Schemes Exam Practice Questions
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