[Mar 27, 2024] CFE-Investigation Test Prep Training Practice Exam Questions Practice Tests
Exam Questions Answers Braindumps CFE-Investigation Exam Dumps PDF Questions
The CFE-Investigation certification is highly respected in the industry and is recognized by employers and regulatory bodies around the world. It is a mark of excellence that demonstrates a commitment to the highest standards of professionalism and ethical conduct. Professionals who hold the certification are highly sought after by employers and can expect to earn significantly higher salaries than their non-certified peers.
The CFE-Investigation certification exam is designed for professionals who have at least two years of experience in fraud investigations. CFE-Investigation exam covers a wide range of topics, including fraud schemes, investigation techniques, legal issues, and report writing. CFE-Investigation exam consists of four sections, each of which has 125 multiple-choice questions. Candidates have four hours to complete each section, and they must score at least 75% on each section to pass the exam. Once a candidate passes the exam, they must also adhere to the ACFE's code of ethics and complete ongoing continuing education requirements to maintain their certification. Overall, the CFE-Investigation certification is an excellent way for professionals to demonstrate their expertise in fraud investigation and advance their careers in this field.
NEW QUESTION # 10
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
- A. Bank confirmation
- B. Check disbursement
- C. Bank confirmation
- D. Cut-off statements
Answer: C
NEW QUESTION # 11
Barnes, a Certified Fraud Examiner (CFE). is using data analysis to identify 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. All of the above
- B. Review recurring monthly expenses and compare to posted/paid invoices
- C. Compare book and tax depreciation and indicate variances
- D. Identify paycheck amounts over a certain limit
Answer: B
NEW QUESTION # 12
Which of the following is the MOST ACCURATE statement about imaging suspect computers' hard drives?
- A. Imaging prohibits access to the suspect computer's hard drive by individuals not professionally trained in forensic analysis
- B. Imaging allows for the analysis of data from a suspect computer without altering or damaging the original data in any way
- C. Imaging creates pictures of the suspect computer system and its wires and cables
- D. Imaging enables the retrieval of data from the suspect computer directly via its operating system.
Answer: C
NEW QUESTION # 13
Which of the following is the MOST ACCURATE statement about how fraud examiners shook! approach fraud examinations?
- A. When conducting fraud examinations, fraud examiners should adhere to the means-and-ends approach
- B. In most examinations, fraud examiners should interview those who are more involved in the matters at issue before interviewing those who are less involved.
- 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 # 14
Which of the following is a best practice for obtaining a signed statement?
- A. Have the suspect write out the entire statement in their own handwriting
- B. Make sure that everything is included in the signed statement and that no addendum are made
- C. Include all of the subject's offenses, whether related or not, in a angle document.
- D. Have two individuals witness the signing of the document when possible.
Answer: D
NEW QUESTION # 15
A fraud examiner is based in Mexico, a non-European Union (EU) country and is collecting personal information from their company human resources (MR) files about an employee based in Germany an employee based country Based on these facts. The fraud examiner would need to comply with the EU's General Data Protection Regulation (GDPR) when conducting their Internal investigation.
- A. False
- B. True
Answer: B
NEW QUESTION # 16
An investigator is preparing to administer what is likely to be an intense and extended interview with a fraud suspect. To organize their thoughts prior to the interview the fraud examiner should:
- A. Memorize a defiled list of questions but avoid bringing a written list to the interview
- B. Make a list of key points to go over with the respondent
- C. Provide the suspect with a list of questions to ensure detailed responses
- D. Develop a list of Questions ranked In order of importance
Answer: B
NEW QUESTION # 17
Which of the following situations would MOST LIKELY require access to nonpublic records to develop evidence?
- A. Determining who owns a piece of real estate
- B. Reviewing an individual's personal mobile phone records
- C. Finding out where a person lives
- D. Obtaining a company's business filings
Answer: D
NEW QUESTION # 18
Which of the following data analysis functions is used to determine whether company policies are met by employee transactions such as verifying that traveling employees book their accommodations at approved hotels?
- A. The compliance verification function
- B. The correlation analysis function
- C. The Join function
- D. The gap testing function
Answer: A
NEW QUESTION # 19
Which of the following is a method of tracing assets that would yield the best result when several of the subject's assets or liabilities have changed during the period under examination and the subject a financial records are not available?
- A. Benford's Law analysis
- B. Net worth method
- C. Bank deposit method
- D. Regression analysis
Answer: B
NEW QUESTION # 20
When planning for the interview phase of an Investigation, which of the following steps should NOT be taken by the fraud examiner?
- A. Ensure that the Interview is held in venue where the subject will feel uncomfortable
- B. Prepare a brief outline of key points to discuss during the interview
- C. Review the case Be to ensure that they have not overlooked Important information
- D. Consider what the interview is intended to accomplish and state an objective.
Answer: B
NEW QUESTION # 21
Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?
- A. All of the above
- B. A follow-up/recommendations section is a required part of every written fraud examination report.
- C. A follow-up/recommendations section should stale remedial measures for me organization !o undertake
- D. follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization
Answer: C
NEW QUESTION # 22
Which of the following is FALSE regarding link analysis?
- A. Link analysis helps identify indirect relationships with several degrees of separation
- B. Link analysis is a poor tool to use for investigating a money laundering scheme
- C. Link analysis is an effective tool for demonstrating complex networks
- D. Link analysis can be used to map connections between entities that share an address
Answer: B
NEW QUESTION # 23
Which of the following questions would be most effective when starting the calibration process during an interview?
- A. "Do you know who might have defrauded the company?"
- B. "How many jobs have you had before this one?'
- C. "Do you know what the punishment is for violations like this'5"
- D. "Did you commit any misconduct against the company?"
Answer: B
NEW QUESTION # 24
Lisa a fraud examinee at a private company receives an anonymous call from a potential whistIeblower. The whistleblower s hesitant to reveal their identity but will do so if it can be kept fully confidential Which of the following statements is most accurate?
- A. Lisa should state that she will not be able to keep the whistleblower s identity confidential because all information must be disclosed to management
- B. Lisa may promise the whistieblower full confidentiality even if she knows net statement is untrue, because the lie is ultimately beneficial to her employer.
- C. Lisa may offer the whistleblower full confidentially because they are not a suspect.
- D. Lisa should explain that she will try her best to keep the whisneblower's identity confidential
Answer: D
NEW QUESTION # 25
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. Conduct the interview with as little notice as possible so Brianna will be unprepared
- C. Ask Brianna when she would prefer to be interviewed in an effort to provoke cooperation.
- D. Provide Brianne with advance notice prior to the interview to inhibit resentment
Answer: A
NEW QUESTION # 26
Vishal a Certified Fraud Examiner (CFE) has just initiated an interview with Slave, a fraud suspect. After a short introduction Vishal jokes about the fact that he and Steve are wearing the same tie end then proceeds to ask Steve about the previous night's major sporting event. Vishal is attempting to
- A. Calibrate the witness
- B. Establish the interview theme
- C. Exhibit passive listening
- D. Establish rapport
Answer: D
NEW QUESTION # 27
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 # 28
Mary the payroll manager at Reed Co, suspects that there might be a ghost employee scheme occurring. She wants to ensure no two employees on the payroll have the same government Identification number. Which of the following data analysis functions would be most useful for this test?
- A. Linear regression
- B. Duplicate search
- C. Benford's Law analysis
- D. Correlation analysis
Answer: B
NEW QUESTION # 29
Sarah is conducting an admission-seeking interview of a suspect. Throughout the interview, the suspect makes little eye contact with Sarah. Based on this information atone, can Sarah conclude that the suspect is being deceptive?
- A. No, because this is not enough information to conclude that the suspect is being deceptive
- B. Yes, because avoiding eye contact is a sign of deceptive.
- C. Yes, because it is safe to assume that suspects who avoid eye contact are most likely being deceptive.
- D. No, because avoiding eye contact is not directly linked to deception.
Answer: A
NEW QUESTION # 30
Which of the following questions would be MOST EFFECTIVE when establishing a baseline during an interview?
- A. "Do you know who had access to the file?"
- B. "Are you familiar with the company's policies regarding ethics?"
- C. "How long have you been in this department?"
- D. "Have you committed any misconduct against the company?"
Answer: C
NEW QUESTION # 31
Which of the following is NOT true with regard to tracing the deposition of loan proceeds?
- A. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts
- B. Tracing loan proceeds can Identify the presence of internal control weaknesses
- C. Tracing loan proceeds can determine if hidden accounts were used for loan payments
- D. Tracing loan proceeds can uncover previously hidden assets
Answer: D
NEW QUESTION # 32
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