ACFE Certified Fraud Examiner CFE-INVESTIGATION Questions & Answers

• Question 21:

  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

  Correct Answer: C

• Question 22:

  Arnold a Certified Fraud Examiner (CFF) for Integra Wealth, learns that Elizabeth an accounts payable clerk, recently purchased an expensive ski boat. Arnold also knows that Elizabeth recently purchased a vacation home on a nearby lake Arnold has sufficient predication to:

  A. Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk.

  B. Accuse Elizabeth directly of having committed fraud

  C. Notify management of that Elizabeth has committed fraudulent acts.

  D. Search Elizabeth's mobile phone for evidence of misconduct

  Correct Answer: A

• Question 23:

  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. Ask Brianna when she would prefer to be interviewed in an effort to provoke cooperation.

  B. Conduct the interview with as little notice as possible so Brianna will be unprepared

  C. Provide Brianne with advance notice prior to the interview to inhibit resentment

  D. Avoid interviewing Brianna if possible due to Brianna's potential volatility

  Correct Answer: D

• Question 24:

  Which of the following is the LEAST accurate statement about seeing a computer for examination?

  A. When taking a computer for examination it the computer is off should remain off when It is removed.

  B. When seizing a computer that is running, it is acceptable to review the files contained on the machine prior to seizing it.

  C. When seizing a computer for examination the seizing party should look around the area for passwords because many people leave passwords near their computers.

  D. Before removing a computer system from a scene for further analysis. It is important to document, the system's setup with photographs or diagrams

  Correct Answer: D

• Question 25:

  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

  Correct Answer: B

• Question 26:

  Baker, a Certified Fraud Examiner (CFE), is assigned to the internal audit department of the ABC Company. He is getting ready to conduct an interview with another company employee who might be Involved In a fraud. In general what we should Baker use in the introduction to the employee?

  A. Investigator

  B. Auditor

  C. Baker should omit a title altogether

  D. Certified Fraud Examiner

  Correct Answer: B

• Question 27:

  When planning for the interview phase of an Investigation, which of the following steps should NOT be taken by the fraud examiner?

  A. Review the case Be to ensure that they have not overlooked Important information

  B. Consider what the interview is intended to accomplish and state an objective.

  C. Prepare a brief outline of key points to discuss during the interview

  D. Ensure that the Interview is held in venue where the subject will feel uncomfortable

  Correct Answer: C

• Question 28:

  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. Identify paycheck amounts over a certain limit

  B. Review recurring monthly expenses and compare to posted/paid invoices

  C. Compare book and tax deprecation and indicate variances

  D. Al of the above

  Correct Answer: D

• Question 29:

  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?"

  D. Did you commit any misconduct against the company?"

  Correct Answer: C

• Question 30:

  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. Establish rapport

  B. Calibrate the witness

  C. Establish the interview theme

  D. Exhibit passive listening

  Correct Answer: A