Latest [Oct 05, 2021] CFE-Investigation Exam with Accurate Certified Fraud Examiner - Investigation Exam PDF Questions
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NEW QUESTION 50
Caroline a fraud examiner is conducting an admission-seeking interview with John an employee suspected of stealing cash. Which of the following is the MOST effective phrasing for Caroline to use when posing an admission-seeking question to John?
- A. "What do you know about the stolen money'"
- B. "Did you steal the money?''
- C. ''Why did you take the money?"
- D. Do you know who look the money?"
Answer: C
NEW QUESTION 51
Tom, a Certified Fraud Examiner (CFE) was hired to trace Keeley's assets, To trace the assets, Tom uses Keeley's Books and records to analyze the relationship between the receipt and subsequent disposition of funds or assets. Which tracing method did Tom use?
- A. The direct method
- B. The comparative assets method
- C. The indirect method
- D. The asset method
Answer: B
NEW QUESTION 52
A fraud examiner believes that a suspect might have used illicit funds to construct a commercial building to fit a restaurant .Which of the following records would be the MOST helpful in confirming the owner of the building?
- A. Local court records
- B. Voter registration records
- C. Building permit records
- D. Commercial filings
Answer: D
NEW QUESTION 53
Cynthia is preparing to conduct a covert investigation Prior to conducting surveillance of her subject, she creates a memorandum outlining the basis for her operation. Which of the following pieces of information should she Include In her memorandum?
- A. All of the above
- B. Her first impression regarding the subject's culpability
- C. The name of the subject she will be observing
- D. The identities of any confidential sources to be used in the operation
Answer: A
NEW QUESTION 54
Which of the following is a reason why a subjects credit card statements can be useful in tracing investigations?
- A. Credit card records can show signs of skimming.
- B. Credit card statements can name people or companies with whom the subject conducts business.
- C. Credit card statements show the source of the funds used to pay a credit card bill.
- D. Credit card statements provide insight into the subjects litigation history.
Answer: B
NEW QUESTION 55
Which at the following should be done to prepare an organization for a formal fraud investigation?
- A. Inform the subject that they are under Investigation.
- B. Send an email to all employees explaining the investigation's purpose
- C. Notify Ml managers about the investigation explaining why it is happening and who is involved
- D. Notify key decision-makers when the investigation is about to begin
Answer: D
NEW QUESTION 56
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. Regression analysis
- B. Bank deposit method
- C. Net worth method
- D. Benford's Law analysis
Answer: C
NEW QUESTION 57
Which of the following n NOT one of the basic types of Informational questions interviewers use to gather unbiased, factual Information?
- A. Closed
- B. Open
- C. Chronological
- D. loading
Answer: C
NEW QUESTION 58
When a fraud examiner is conducting an examination and is in the process of collecting. documents the fraud examiner should:
- A. A Wait until all documents have been collected before establishing a database
- B. Organize all the documents obtained in chronological order
- C. Make copies of originals and leave the originals where they were found
- D. Avoid touching original documents any more than necessary
Answer: A
NEW QUESTION 59
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 60
Eugene is conducting an admission-seeking interview of a suspect. During the interview the suspect frequently looks away from Eugene while responding to questions. Eugene can safely conclude that the suspect Is dishonest due to his failure to maintain eye contact.
- A. False
- B. True
Answer: A
NEW QUESTION 61
Shane, a Certified Fraud Examiner (CFF) is investigating Larsen, who is active on various social networking sites. Shane wants to search and extract information from Larsen s social media postings so that it can be used in court as evidence. Which of the following is the MOST ACCURATE statement regarding what Shane should do when conducting a social media investigation of Larsen?
- A. Shane should preserve the Information from the social networking sites so that it can be established as authentic if used in court.
- B. Shane should email himself the links of the postings so that he can retrieve them later.
- C. Shane should preserve the information by saving the links of ate postings in his 'bookmarks "
- D. Shane should conduct a forensic shutdown of his computer to preserve the metadata in the social networking sites.
Answer: A
NEW QUESTION 62
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. "In light of all the evidence the suspect is most Italy guilty of fraud against the organization
- C. The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".
- D. the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.''
Answer: B
NEW QUESTION 63
Which at the following situations would most likely requite access to nonpublic records to develop evidence?
- A. Obtaining a company's business filings
- B. Finding out where a person lives
- C. Reviewing an individual's personal mobile phone records
- D. Determining who owns a piece of real estate
Answer: A
NEW QUESTION 64
A fraud examiner contacts a witness regarding an interview. If the respondent says, 'I'm too busy' how should the fraud examiner react?
- A. Caution the witness that avoidance of the Interview will be considered suspicious
- B. Explain that the respondent will be subject to discipline if they do not participate
- C. Stress that the interview will be short
- D. Inquire about a owe convenient time
Answer: C
NEW QUESTION 65
When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:
- A. The case will end in ligation
- B. The matter will be resolved completely internally
- C. The suspect is gully
- D. The case will end after the suspect IB terminated
Answer: A
NEW QUESTION 66
Which of the following are the classifications for the Corruption?
- A. Bribery, economic extortion, illegal gratuities and conflicts of interest
- B. Overbilling, bribery, bid-ridding and illegal gratuities
- C. economic extortion, bribery, illegal gratuities and corruption
- D. Corruption, bribery, economic extortion, conflicts of interest
Answer: A
NEW QUESTION 67
If an important witness becomes hostile and argumentative during an Interview, the interviewer generally should:
- A. Agree with the witness's points whenever possible.
- B. Refute the witness's arguments
- C. Terminate the interview
- D. Try to reason with the witness
Answer: B
NEW QUESTION 68
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 69
Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?
- A. Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.
- B. Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information
- C. If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs
- D. The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding
Answer: D
NEW QUESTION 70
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. Claiming Delta s action was for altruistic reasons
- B. Reducing Deltas perception of the legal seriousness of the matter
- C. Reducing Deltas stress about possibly being fired
- D. Establishing that Delta's family was being treated unfairly
Answer: B
NEW QUESTION 71
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. Compare book and tax deprecation and indicate variances
- B. Review recurring monthly expenses and compare to posted/paid invoices
- C. Al of the above
- D. Identify paycheck amounts over a certain limit
Answer: C
NEW QUESTION 72
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. Identify the relevant data
- B. Build a profile of potential frauds.
- C. Cleanse and normalize the data.
- D. Monitor the data.
Answer: B
NEW QUESTION 73
Which of the following is NOT a common use of public sources of information?
- A. Developing background information on a subject
- B. Obtaining an individual's credit records
- C. Corroborating or refuting witness statements
- D. Finding out about a person's lifestyle
Answer: B
NEW QUESTION 74
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