CFE-Investigation Free Update With 100% Exam Passing Guarantee [2021]
[Oct-2021] Verified ACFE Exam Dumps with CFE-Investigation Exam Study Guide
NEW QUESTION 25
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 26
In response to an accusation made during an admission-seeking interview the subject Begins to voice a denial to the charge. How should the interviewer react to the first indication of a sublets denial'
- A. Allow the subject to continue denying the charge
- B. Interrupt the denial by using a delaying tactic
- C. Argue the point directly with the subject until a confession is obtained
- D. Remind the subject of the laws against perjury
Answer: D
NEW QUESTION 27
Misty, a fraud investigator is interviewing Larry, who she suspects has been embezzling company funds.
Which of the following is NOT a recommended sequence in which Misty should ask Larry question?
- A. Ask questions in random order to prevent Larry from knowing what question comes next
- B. Ask questions seeking general information before seeking details
- C. Start with general questions and move toward specific questions
- D. Stat with questions about known information and work toward unknown information
Answer: B
NEW QUESTION 28
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. Civil litigation records
- B. Organizational filings
- C. Regulatory securities records
- D. Commercial filings
Answer: D
NEW QUESTION 29
If your suspect is investing alleged illicit funds in items that will increase their net worth and you need to prove their illicit income circumstantially. which of the following methods of tracing assets would yield the best result?
- A. The application of funds method
- B. The expenditures method
- C. The asset method
- D. The income method
Answer: B
NEW QUESTION 30
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 31
Which of the following are the classifications for the Corruption?
- A. Bribery, economic extortion, illegal gratuities and conflicts of interest
- B. Overbilling, bribery, bid-ridding and illegal gratuities
- C. economic extortion, bribery, illegal gratuities and corruption
- D. Corruption, bribery, economic extortion, conflicts of interest
Answer: A
NEW QUESTION 32
Which at the following should be done to prepare an organization for a formal fraud investigation?
- A. Inform the subject that they are under Investigation.
- B. Send an email to all employees explaining the investigation's purpose
- C. Notify Ml managers about the investigation explaining why it is happening and who is involved
- D. Notify key decision-makers when the investigation is about to begin
Answer: D
NEW QUESTION 33
Which of the following is NOT one of the purposes of closing questions in a routine interview?
- A. To gather additional facts
- B. To close the interview positively and maintain goodwill
- C. To reduce testimony to a signed written statement
- D. To reconfirm facts
Answer: A
NEW QUESTION 34
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 35
Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?
- A. A victim of fraud wants to facilitate the recovery of criminal proceeds
- B. An entity needs to find hidden relationships In big data that otherwise would not be discovered
- C. An employer wants to know If an employee is falsifying regulatory reports.
- D. An attorney wants to evaluate an experts financial report.
Answer: B
NEW QUESTION 36
Verify supporting documentation on outstanding checks written for a material amount is a test used to conduct for:
- A. Bank confirmation
- B. Check disbursement
- C. Bank confirmation
- D. Cut-off statements
Answer: C
NEW QUESTION 37
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 38
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Paystubs
- B. Financial institution records
- C. Service bills
- D. Credit card statements
Answer: C
NEW QUESTION 39
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 statement from Naveed that his conduct was an accident
- B. The approximate number of instances
- C. A general estimate of the amount of money invoked
- D. The location of any residual assets
Answer: A
NEW QUESTION 40
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 41
II you are seizing a computer for forensic analysis why is it generally necessary to seize any copiers connected to it?
- A. Many copiers have Internal hard drives that right contain Information relevant to a fraud examination.
- B. Many copiers connect via parallel cables, which store and transmit copy job data.
- C. Most copters today are nonimpact copiers meaning that they store copied mages indefinitely
- D. Most copiers store, process and transmit data In a cloud environment
Answer: A
NEW QUESTION 42
Cynthia is preparing to conduct a covert investigation Prior to conducting surveillance of her subject, she creates a memorandum outlining the basis for her operation. Which of the following pieces of information should she Include In her memorandum?
- A. All of the above
- B. Her first impression regarding the subject's culpability
- C. The name of the subject she will be observing
- D. The identities of any confidential sources to be used in the operation
Answer: A
NEW QUESTION 43
Which of the following is the most appropriate measure when seeking to avoid alerting suspected perpetrators who are under investigation?
- A. Disclose the investigation to all employees.
- B. Investigate during nonbusiness hours.
- C. Delay taking any action
- D. Terminate the suspected employee
Answer: B
NEW QUESTION 44
If the following statements were Included in a fraud examination report of a qualified expert, which of them would be IMPROPER?
- A. ''When asked s second lima about the amount of funds missing the suspect contradicted their previous testimony"
- B. "In light of all the evidence the suspect is most Italy guilty of fraud against the organization
- C. The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".
- D. the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.''
Answer: B
NEW QUESTION 45
Beta, a Certified Fraud Examiner (CFE) is conducting an admission-seeking interview of Delta, a fraud suspect. In establishing a rationalization, Beta said to Delta 'I know you didn't do this for yourself; It was for your family. " This technique seeks to establish rationalization by:
- A. Claiming Delta s action was for altruistic reasons
- B. Reducing Deltas perception of the legal seriousness of the matter
- C. Reducing Deltas stress about possibly being fired
- D. Establishing that Delta's family was being treated unfairly
Answer: B
NEW QUESTION 46
When reporting the results of a fraud examination is best to include copies (not originals) of important documents in the formal report.
- A. False
- B. True
Answer: A
NEW QUESTION 47
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