Latest [Nov 11, 2021] CFE-Investigation Exam with Accurate Certified Fraud Examiner - Investigation Exam PDF Questions
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ACFE CFE-Investigation Exam Syllabus Topics:
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NEW QUESTION 23
Talia has been hired by SBS Inc, to implement a new data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Talia conduct first to most effectively use data analysis techniques for such an initiative?
- A. Build a profile of potential frauds.
- B. Monitor the data.
- C. Cleanse and normalize the data.
- D. Identify the relevant data
Answer: A
NEW QUESTION 24
Which of the following statements concerning access to nonpublic records it MOST ACCURATE?
- A. Thai government usually will not share nonpublic records with a fraud victim during an Investigation Into the underlying fraud.
- B. Nonpublic records cannot be obtained by subpoena or legal order in a civil action
- C. In most jurisdictions, banks are allowed to turn over a suspects account information directly to a fraud victim when there is adequate evidence of wrongdoing.
- D. Once a criminal case is filed all records obtained by the government are considered public records
Answer: C
NEW QUESTION 25
Fraud examination repots should be written with which of the following audiences in mind?
- A. Judges or juries
- B. Witnesses
- C. At of the above
- D. Opposing legal counsel
Answer: C
NEW QUESTION 26
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?
- A. Assets owned by a subject
- B. A competitor's ownership information
- C. A subjects employee personnel file
- D. A witness s address
Answer: D
NEW QUESTION 27
Foster a Certified Fraud Examiner (CFE), needs to obtain a copy of a picture that a former employee of Friendly Interior an interior design studio posted on the company's website three years ago. Unfortunately because the website has since been updated the picture is no longer available on the website. Which of the following resources should Foster consult to find an earlier version of the Web page he needs?
- A. The deep Web
- B. The Library of Congress
- C. The invisible Web
- D. The internet archives
Answer: D
NEW QUESTION 28
Which of the following is the LEAST accurate statement about seeing a computer for examination?
- A. Before removing a computer system from a scene for further analysis. It is important to document, the system's setup with photographs or diagrams
- B. When taking a computer for examination it the computer is off should remain off when It is removed.
- C. When seizing a computer that is running, it is acceptable to review the files contained on the machine prior to seizing it.
- D. When seizing a computer for examination the seizing party should look around the area for passwords because many people leave passwords near their computers.
Answer: A
NEW QUESTION 29
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Paystubs
- B. Financial institution records
- C. Service bills
- D. Credit card statements
Answer: C
NEW QUESTION 30
The most common method of detection in corruption cases is:
- A. Internal audits
- B. Internal controls
- C. By accident
- D. Tips
Answer: D
NEW QUESTION 31
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
- A. Cut-off statements
- B. Check disbursement
- C. Bank confirmation
- D. Bank confirmation
Answer: D
NEW QUESTION 32
Which at the following situations would most likely requite access to nonpublic records to develop evidence?
- A. Finding out where a person lives
- B. Obtaining a company's business filings
- C. Reviewing an individual's personal mobile phone records
- D. Determining who owns a piece of real estate
Answer: B
NEW QUESTION 33
Which of the folloping terms refers to a process of resolving allegations of fraud from inception to disposition?
- A. Fraud examination
- B. Forensic methodology
- C. Fraud assessment
- D. Fraud theory
Answer: A
NEW QUESTION 34
If the following statements were Included in a fraud examination report of a qualified expert, which of them would be IMPROPER?
- A. ''When asked s second lima about the amount of funds missing the suspect contradicted their previous testimony"
- B. the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.''
- C. The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".
- D. "In light of all the evidence the suspect is most Italy guilty of fraud against the organization
Answer: D
NEW QUESTION 35
Which of the following statements concerning a well-written fraud examination report is most accurate?
- A. The report writer should avoid technical jargon where possible
- B. Signed copies of the fraud examiner s Interview notes should be used to report interview details
- C. The report should convoy all information provided by witness
- D. Only relevant facts that support the fraud allegation should be included in the report
Answer: A
NEW QUESTION 36
Beta, a Certified Fraud Examiner (CFE) is conducting an admission-seeking interview of Delta, a fraud suspect. In establishing a rationalization, Beta said to Delta 'I know you didn't do this for yourself; It was for your family. " This technique seeks to establish rationalization by:
- A. Reducing Deltas perception of the legal seriousness of the matter
- B. Establishing that Delta's family was being treated unfairly
- C. Claiming Delta s action was for altruistic reasons
- D. Reducing Deltas stress about possibly being fired
Answer: A
NEW QUESTION 37
Which at the following is the most accurate statement about fraud response plans?
- A. A fraud response plan should be complex and extremely detailed to most effectively protect against fraud
- B. A fraud response plan should create an environment to maximize risk and minimize the potential for success
- C. A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen
- D. A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud
Answer: D
NEW QUESTION 38
Which of the following is NOT an advantage to using link analysis in a fraud investigation?
- A. Link analysis allows the investigator lo discover patterns in data
- B. Link analysis helps identify indirect relationships with several degrees of separation
- C. Link analysis visually displays financial ratio analysis
- D. Link analysis to an effective tool to demonstrate complex networks
Answer: B
NEW QUESTION 39
Barnes a Certified Fraud Examiner (CFE) is using data analysis to identity anomalies that might indicate fraud In XYZ Company's accounts payable transactions. Which of the following is the most effective data analysis function that Barnes could use to look for potential fraud in accounts payable?
- A. Al of the above
- B. Compare book and tax deprecation and indicate variances
- C. Identify paycheck amounts over a certain limit
- D. Review recurring monthly expenses and compare to posted/paid invoices
Answer: A
NEW QUESTION 40
Tyson a fraud examiner a planning an interview with Brianna, the girlfriend of the central suspect in Tyson s investigation. Previous interviews with others have revealed that Brianna lends to be very protective of her boyfriend. How should Tyson approach the Interview with Brianna?
- A. Avoid interviewing Brianna if possible due to Brianna's potential volatility
- B. Ask Brianna when she would prefer to be interviewed in an effort to provoke cooperation.
- C. Conduct the interview with as little notice as possible so Brianna will be unprepared
- D. Provide Brianne with advance notice prior to the interview to inhibit resentment
Answer: A
NEW QUESTION 41
Which of the following is the most appropriate measure when seeking to avoid alerting suspected perpetrators who are under investigation?
- A. Investigate during nonbusiness hours.
- B. Disclose the investigation to all employees.
- C. Delay taking any action
- D. Terminate the suspected employee
Answer: A
NEW QUESTION 42
Which of the following is the MOST ACCURATE statement about how fraud examiners should approach fraud examinations?
- A. In most examinations fraud examiners should interview those who are more involved in the matters at issue before interviewing those who are less involved.
- B. When conducting fraud examinations, fraud examiners should adhere to the me an sand-ends approach
- C. Fraud examinations should begin with general information that is known, starting at the periphery, and then move to the more specific details.
- D. When conducting fraud examinations fraud examiners should operate under the assumption that the subjects are guilty
Answer: C
NEW QUESTION 43
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