ACFE ACFE Certifications CFE-INVESTIGATION Questions & Answers

• Question 61:

  Which counts sometimes can give rise to inventory theft detection?

  A. Perpetual inventory counts

  B. Physical inventory counts

  C. Concealment inventory counts

  D. None of the above

  Correct Answer: B

• Question 62:

  Which of the following is the MOST ACCURATE statement about imaging suspect computers hard drives?

  A. Imaging allows for the analysis of data from a suspect computer without altering or damaging the original data in any way

  B. Imaging creates pictures of the suspect computer system and its wires and cables

  C. Imaging prohibits access to the suspect computer s hard drive by individuals not professionally trained in forensic analysis

  D. Imaging enables the retrieval of data from the suspect computer directly via its operating system.

  Correct Answer: A

• Question 63:

  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 Join function

  B. The correlation analysis function

  C. The compliance verification function

  D. The gap testing function

  Correct Answer: C

• Question 64:

  When reporting the results of a fraud examination is best to include copies (not originals) of important documents in the formal report.

  A. True

  B. False

  Correct Answer: B

• Question 65:

  Which of the following is a common characteristic that asset hiders look for in the financial vehicles they use to conceal their assets?

  A. Traceability

  B. Liquidity

  C. Transparency

  D. Inaccessibility

  Correct Answer: B

• Question 66:

  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. The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal

  D. If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs

  Correct Answer: C

• Question 67:

  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

  Correct Answer: A

• Question 68:

  Why do fraud examiners perform analysis on unstructured or textual data?

  A. To categorize data to reveal patterns sentiments and relationships indicative of fraud

  B. To find an admission of fraud in an email or other communication that can be presented m court

  C. To figure out whether someone is tying or telling the truth based on context dues

  D. To determine whether the footnotes to the financial statements are fatly presented

  Correct Answer: A

• Question 69:

  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

  Correct Answer: B

• Question 70:

  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. Benford's Law analysis

  B. Linear regression

  C. Duplicate search

  D. Correlation analysis

  Correct Answer: C