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CFE-INVESTIGATION Certified Fraud Examiner - Investigation

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ACFE · CFE-INVESTIGATION

Free CFE-INVESTIGATION Exam Dumps Preview

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Question 1

Single choice

Which of the following is NOT an advantage to using link analysis in a fraud investigation?

A
Link analysis visually displays financial ratio analysis
B
Link analysis allows the investigator lo discover patterns in data
C
Link analysis helps identify indirect relationships with several degrees of separation
D
Link analysis to an effective tool to demonstrate complex networks

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Correct answerC

Question 2

Single choice

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
Terminate the interview
C
Refute the witness's arguments
D
Try to reason with the witness

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Correct answerC

Question 3

Single choice

Which of the following is a unique challenge of cloud forensics not faced in traditional forensic practices?

A
Lack at Information accessibility
B
Lack of adequate data
C
Lack of prosecutorial interest
D
Lack of trust from cloud providers

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Correct answerA

Question 4

Single choice

Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?

A
the Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media login credentials from users.
B
To access any user-posted information on social media sites fraud examinees must obtain some type of legal order from the Jurisdiction in which the user resides.
C
A fraud examiner cannot be held liable for violating a user's privacy rights if they hack or break into
areas of a social networking site designated as private because all social media Information is public
D
Hacking or breaking into information on social media sites that is restricted as private could result in liability for fraud examiners due to violation of users privacy rights

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Correct answerA

Question 5

Single choice

Boyd a Certified Fraud Examinee (CFE), was hired to trace Lottie's financial transactions. During his investigation Boyd obtains records of electronic payments that Lottie made during the past five years.

Which of the following are these records most likely to reveal?

A
The division and distribution of Lottie's assets
B
The assets that Lottie has purchased
C
It Lottie It skimming her employer's funds
D
The market value of any real property Lottie owns

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Correct answerB

Question 6

Single choice

______________ can be detected by closely examining the documentation submitted with the cash receipts.

A
Voided purchases
B
Fictitious refunds
C
Approved transaction
D
None of the above

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Correct answerB

Question 7

Single choice

Amanda needs to know the location of the principal office and the date of incorporation of a company she is investigating.

Which of the following sources would most likely contain these items of Information?

A
The company's income tax filings
B
The organizational fling with the government of the jurisdiction in which the company is incorporated
C
The contractual records of any real properly owned by the corporation
D
The comprehensive litigation fie in the local court in the jurisdiction in which the company is headquartered

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Correct answerB

Question 8

Single choice

Assuming that a jurisdiction has prohibited pretexting against financial institutions which of the following actions would constitute illegal pretexting?

A
Setting up a bank account in an assumed name
B
Impersonating an account holder to access their bank records
C
Intentionally making false statements on loan applications
D
Stealing a person s mail to obtain the person s bank account number

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Correct answerD

Question 9

Single choice

Which at the following is the most accurate statement about fraud response plans?

A
A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud
B
A fraud response plan should be complex and extremely detailed to most effectively protect against fraud
C
A fraud response plan should create an environment to maximize risk and minimize the potential for success
D
A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen

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Correct answerA

Question 10

Single choice

The most common method of detection in corruption cases is:

A
Internal audits
B
Internal controls
C
Tips
D
By accident

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Correct answerC

Question 11

Single choice

Which of the following are the classifications for the Corruption?

A
Bribery, economic extortion, illegal gratuities and conflicts of interest
B
Corruption, bribery, economic extortion, conflicts of interest
C
Overbilling, bribery, bid-ridding and illegal gratuities
D
economic extortion, bribery, illegal gratuities and corruption

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Correct answerA

Question 12

Single choice

When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:

A
The matter will be resolved completely internally
B
The suspect is gully
C
The case will end in ligation
D
The case will end after the suspect IB terminated

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Correct answerC

Question 13

Single choice

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
''Why did you take the money?"
B
"Did you steal the money?''
C
Do you know who look the money?"
D
"What do you know about the stolen money'"

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Correct answerA

Question 14

Single choice

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
True
B
False

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Correct answerA

Question 15

Single choice

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 provide insight into the subjects litigation history.
C
Credit card statements can name people or companies with whom the subject conducts business.
D
Credit card statements show the source of the funds used to pay a credit card bill.

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Correct answerC

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Certified Fraud Examiner - Investigation

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