Jul 30, 2021 Step by Step Guide to Prepare for CFE-Investigation Exam BrainDumps
Certified Fraud Examiner CFE-Investigation Real Exam Questions and Answers FREE Updated on 2021
NEW QUESTION 58
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. Search Elizabeth's mobile phone for evidence of misconduct
- C. Accuse Elizabeth directly of having committed fraud
- D. Notify management of that Elizabeth has committed fraudulent acts.
Answer: A
NEW QUESTION 59
Which of the following statements concerning access to nonpublic records it MOST ACCURATE?
- A. Nonpublic records cannot be obtained by subpoena or legal order in a civil action
- B. Once a criminal case is filed all records obtained by the government are considered public records
- C. Thai government usually will not share nonpublic records with a fraud victim during an Investigation Into the underlying fraud.
- D. In most jurisdictions, banks are allowed to turn over a suspects account information directly to a fraud victim when there is adequate evidence of wrongdoing.
Answer: D
NEW QUESTION 60
Which of the following sets of numbers could a fraud examiner most likely benefit from running a Benford's Law analysis on?
- A. Vendor invoice amounts
- B. Bank account numbers
- C. Employee identification numbers
- D. Telephone numbers
Answer: C
NEW QUESTION 61
Anita is interviewing her client's employee whom she suspects committed check fraud. During the interview Anita asks if she can obtain account records from the suspect s bank. If the suspect only gives Anita oral consent. the suspect's bank is required to allow Anita access to the suspect s account records
- A. True
- B. False
Answer: A
NEW QUESTION 62
Why do fraud examiners perform analysis on unstructured or textual data?
- A. To find an admission of fraud in an email or other communication that can be presented m court
- B. To categorize data to reveal patterns sentiments and relationships indicative of fraud
- 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
Answer: B
NEW QUESTION 63
______________ can be detected by closely examining the documentation submitted with the cash receipts.
- A. None of the above
- B. Voided purchases
- C. Approved transaction
- D. Fictitious refunds
Answer: D
NEW QUESTION 64
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 65
An investigator is preparing to administer what is likely to be an intense and extended interview with a fraud suspect. To organize their thoughts prior to the interview the fraud examiner should:
- A. Provide the suspect with a list of questions to ensure detailed responses
- B. Memorize a defiled list of questions but avoid bringing a written list to the interview
- C. Develop a list of Questions ranked In order of importance
- D. Make a list of key points to go over with the respondent
Answer: D
NEW QUESTION 66
When planning for the interview phase of an Investigation, which of the following steps should NOT be taken by the fraud examiner?
- A. Prepare a brief outline of key points to discuss during the interview
- B. Consider what the interview is intended to accomplish and state an objective.
- C. Ensure that the Interview is held in venue where the subject will feel uncomfortable
- D. Review the case Be to ensure that they have not overlooked Important information
Answer: A
NEW QUESTION 67
Eric, a Certified Fraud Examiner (CFE) is conducing an admission-seeking interview with Sean, a fraud suspect Sean is seated across the table from Eric. The door is closed but not locked and there are no windows or wall hangings in the room According to admission seeking interview best practices, what change should Eric make to the interview environment to increase that chances of the interview's success?
- A. Lock the door to ensure the interview is not interrupted
- B. Remove the table from the room to prevent physical and psychological barriers
- C. Open the door so that Sean feels tree to leave at any time
- D. Move the interview to a room with a window so that Sean feels more comfortable.
Answer: C
NEW QUESTION 68
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 to an effective tool to demonstrate complex networks
- C. Link analysis allows the investigator lo discover patterns in data
- D. Link analysis helps identify indirect relationships with several degrees of separation
Answer: D
NEW 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 comprehensive litigation fie in the local court in the jurisdiction in which the company is headquartered
- B. The contractual records of any real properly owned by the corporation
- C. The company's income tax filings
- D. The organizational fling with the government of the jurisdiction in which the company is incorporated
Answer: D
NEW 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. Linear regression
- B. Duplicate search
- C. Correlation analysis
- D. Benford's Law analysis
Answer: B
NEW QUESTION 71
Beta a Certified Fraud Examiner (CFE), is conducting an admission-seeking interview of Gamma a fraud suspect Alter Beta gave Gamma an appropriate rationalization for his conduct Gamma continued his denials, giving various alibis. These alibis usually can be diffused by all of the following techniques EXCEPT.
- A. Downplaying the strength of the evidence
- B. Discussing the testimony of witnesses
- C. Displaying physical evidence
- D. Discussing Gamma's prior deceptions
Answer: A
NEW QUESTION 72
Which of the following is TRUE about observing the reactions of interview subjects?
- A. The interpretation of an interview subjects reactions requires specific skills on the part of the interviewer
- B. Emotive words should be used early in the interview to observe the respondent s emotional reaction.
- C. The observation of body language is much less important than observing the words used by the subject
- D. To effectively observe reactions an Interviewer should alternate between sensitive and nonsensitive questions early in the Interview
Answer: B
NEW QUESTION 73
Which of the following is a recommended strategy when conducting admission-seeking interviews?
- A. Increase sympathy while downplaying Implications of wrongdoing.
C Ensure that accusations a are made in the presence of a third party to avoid potential liability. - B. Emphasize a lack of morality in the subject's actions to induce them into confessing.
- C. Use time constraints as a means to pressure the subject Into making a confession.
Answer: A
NEW QUESTION 74
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