ACFE Updated CFE-Investigation Exam Questions and Answers by anabia

TheFraud Examiners Manualstresses that fraud examiners mustnever promise unconditional confidentiality, because findings often must be disclosed to management, auditors, or authorities. They can only offer “qualified confidentiality” (best efforts to protect identity, but with necessary limits). Therefore, optionAis the most appropriate response.

TheCFE Prep – Investigationsstates:

“If a fraud examiner gets a verbal confession from the fraudster, it does not matter whether the fraudster claims his conduct was an accident. The following items of information should be obtained … admission that the accused knew the conduct was wrong, facts known only to the confessor, the accused’s motive, approximate dates, involvement of others, physical evidence, and disposition of illicit income.”

Thus, the examiner doesnotneed a statement about accident.

The Manual says admission-seeking interviews should be conducted only when:

There is reasonable probability the subject committed the act,

All other reasonable investigative steps are complete, and

“The interviewer can reasonably control the place, time, and subject matter of the interview.”.Therefore, Erica must ensure control oftime, place, and contentbefore scheduling.

TheFraud Examiners Manualadvises that fraud examiners should preserve and organize evidence, and one of the key steps is toestablish a document database early. This allows examiners to track documents, index them, and link them to findings. Dusting for fingerprints, leaving originals behind, or organizing solely in chronological order are not standard best practices .