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| Certification Vendor: | Association of Certified Fraud Examiners (ACFE) |
| Exam Name: | Certified Fraud Examiner (CFE) Exam – Fraud Investigations and Legal Issues |
| Exam Number: | CFE-Fraud-Investigations-and-Legal-Issues |
| Real Exam Qty: | 100 (may vary by exam administration) |
| Certificate Validity Period: | CFE credential requires ongoing ACFE membership renewal and compliance; certification maintenance is annual |
| Exam Duration: | 150 (per section, approx.) |
| Exam Format: | Multiple-choice questions |
| Exam Price: | Varies (~USD 100–450 per section depending on membership status and exam bundle) |
| Passing Score: | 75% (scaled) |
| Available Languages: | English |
| Related Certifications: | Certified Fraud Examiner (CFE) |
| Sample Questions: | ACFE CFE-Fraud-Investigations-and-Legal-Issues Sample Questions |
| Exam Way: | Computer-based, online proctored exam or authorized testing center depending on ACFE administration region and availability |
| Pre Condition: | No formal prerequisites to sit for the exam section; however, earning the CFE credential requires ACFE eligibility criteria (including the Fraud Examiners Association point system covering education and professional experience). |
| Official Syllabus URL: | https://www.acfe.com/cfe-credential |
| Section | Weight | Objectives |
|---|---|---|
| Fraud Investigations and Legal Issues | 25% | - Fraud Investigations
|
1. Why do fraud examiners perform analysis on unstructured, or textual, data?
A) To find an admission of fraud m an email or other communication that can be presented in court
B) To categorize data to reveal patterns, sentiments, and relationships indicative of fraud
C) To figure out whether someone is lying or telling the truth based on context duet
D) To determine whether the footnotes to the financial statements are fairly presented
2. Kelton, a Certified Fraud Examiner (CFE), is conducting an admission-seeking interview with Jordan, an employee in human resources (HR). Jordan is suspected of creating a fictitious employee on the company payroll and collecting the pay for that fictitious employee. Jordan denies any wrongdoing, stating that he is only paid for his own work. Which of the following options describes the BEST piece of evidence for Kelton to show Jordan in response to his denial?
A) Copies of direct deposit payslips that show matching bank account details for both Jordan and the fictitious employee.
B) A screenshot of Jordan's social media account where he posts negative statements about his employer.
C) A witness statement from Jordan's coworker who has seen Jordan book lavish vacations using his work computer.
D) Jordan's computer records showing that he has access to the payroll system and can enroll new employees.
3. The Organisation for Economic Co-operation and Developments (OECD) Recommendation on Combating Bribery m International Business (Recommendation) urges member states to combat the bribery of foreign public officials by taking steps to improve which of the following primary areas within their respective infrastructures?
A) Laws and regulations related to public subsidies licenses, and contract procurement
B) Public health and safety regulations
C) Laws and regulations covering e-commerce
D) Consumer data protection laws
4. One of the purposes of securities regulation is to maintain market confidence.
A) True
B) False
5. Which of the following is required for a contract, transaction, or scheme to qualify as an investment contract?
A) The investment is in a common enterprise.
B) The investment activity is managed solely by the efforts of the investor and no others.
C) The investment must be made in cash.
D) The investment must not have been made with expectations of making a profit.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |
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