ACFE Certified Fraud Examiner CFE-INVESTIGATION Questions & Answers

• Question 41:

  Fraud examination repots should be written with which of the following audiences in mind?

  A. Witnesses

  B. Judges or juries

  C. Opposing legal counsel

  D. At of the above

  Correct Answer: D

• Question 42:

  Marcus is trying to locale me financial statements of Acme Airlines a multinational publicly traded corporation. Which of the following sources would be most effective tor finding this Information?

  A. Regulatory securities records

  B. Organizational filings

  C. Commercial filings

  D. Civil litigation records

  Correct Answer: C

• Question 43:

  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

  Correct Answer: A

• Question 44:

  Naveed, a fraud suspect has decided to confess to Omar a Certified Fraud Examiner (CFE) In obtaining a verbal confession from Naveed. Omar should obtain all of the following Horns of information EXCEPT:

  A. A general estimate of the amount of money invoked

  B. A statement from Naveed that his conduct was an accident

  C. The approximate number of instances

  D. The location of any residual assets

  Correct Answer: B

• Question 45:

  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

  Correct Answer: D

• Question 46:

  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. Only relevant facts that support the fraud allegation should be included in the report

  D. The report should convoy all information provided by witness

  Correct Answer: A

• Question 47:

  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

  Correct Answer: C

• Question 48:

  Which of the following n NOT one of the basic types of Informational questions interviewers use to gather unbiased, factual Information?

  A. Open

  B. Closed

  C. Chronological

  D. loading

  Correct Answer: C

• Question 49:

  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

  Correct Answer: A

• Question 50:

  Which of the following is NOT a function of a fraud examination report?

  A. To convey all the evidence necessary for other parties to thoroughly evaluate the case

  B. To add credibility to the fraud examiner`s work

  C. To communicate the fraud examiner s qualifications for providing opinions about the case

  D. To corroborate previously known facts

  Correct Answer: C