[Oct-2021] Updated Certified Fraud Examiner CFE-Investigation Exam Questions BUNDLE PACK
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NEW QUESTION 36
Which of the following is a unique challenge of cloud forensics not faced in traditional forensic practices?
- A. Lack of adequate data
- B. Lack at Information accessibility
- C. Lack of trust from cloud providers
- D. Lack of prosecutorial interest
Answer: B
NEW QUESTION 37
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 38
Which of the following is a reason why a subjects credit card statements can be useful in tracing investigations?
- A. Credit card records can show signs of skimming.
- B. Credit card statements can name people or companies with whom the subject conducts business.
- C. Credit card statements show the source of the funds used to pay a credit card bill.
- D. Credit card statements provide insight into the subjects litigation history.
Answer: B
NEW QUESTION 39
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 40
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 41
Which of the following is a method of tracing assets that would yield the best result when several of the subject's assets or liabilities have changed during the period under examination and the subject a financial records are not available?
- A. Regression analysis
- B. Bank deposit method
- C. Net worth method
- D. Benford's Law analysis
Answer: C
NEW QUESTION 42
Which at the following is the most accurate statement about fraud response plans?
- A. A fraud response plan should create an environment to maximize risk and minimize the potential for success
- B. A fraud response plan should be complex and extremely detailed to most effectively protect against fraud
- C. A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud
- D. A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen
Answer: C
NEW QUESTION 43
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 44
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 45
Which of the following is INCORRECT with regard to locating individuals using online records?
- A. Online records are very useful in locating subjects whose whereabouts are unknown
- B. If an individual has moved, obtaining a past address is usually of no help
- C. Obtaining a past address of the subject should be the first step in trying to locate a subject using online records.
- D. Before engaging in a search, the fraud examiner should know the most powerful and useful types of searches.
Answer: B
NEW QUESTION 46
When a fraud examiner is conducting an examination and is in the process of collecting. documents the fraud examiner should:
- A. A Wait until all documents have been collected before establishing a database
- B. Organize all the documents obtained in chronological order
- C. Make copies of originals and leave the originals where they were found
- D. Avoid touching original documents any more than necessary
Answer: A
NEW QUESTION 47
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 48
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. The market value of any real property Lottie owns
- D. It Lottie It skimming her employer's funds
Answer: B
NEW QUESTION 49
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 50
Which of the following is an example of a leading question?
- A. "How well do you know your coworker Stacy, and have you ever socialized outside of wont?"
- B. ''When did you realize that the records had been manipulated?"
- C. "Was anyone from your learn absent from the meeting that wee?''
- D. "Weren't you ware of the missing inventory several weeks before notifying your boss?"
Answer: A
NEW QUESTION 51
Thea is conducting a fraud examination for a company and suspects one of the company 's vendors (a one-person operation) of fraudulent biting. Thea wants to obtain a copy of the suspect individuals credit report and personal data from a third-party information broker. If Thea works In a jurisdiction that regulates the distribution of personal credit information she cannot obtain the suspects personal credit data under any circumstances.
- A. False
- B. True
Answer: A
NEW QUESTION 52
Which of the following is the MOST ACCURATE statement about how fraud examiners should approach fraud examinations?
- A. Fraud examinations should begin with general information that is known, starting at the periphery, and then move to the more specific details.
- B. In most examinations fraud examiners should interview those who are more involved in the matters at issue before interviewing those who are less involved.
- C. When conducting fraud examinations, fraud examiners should adhere to the me an sand-ends approach
- D. When conducting fraud examinations fraud examiners should operate under the assumption that the subjects are guilty
Answer: A
NEW QUESTION 53
Assuming that a jurisdiction has prohibited pretexting against financial institutions which of the following actions would constitute illegal pretexting?
- A. Stealing a person s mail to obtain the person s bank account number
- B. Impersonating an account holder to access their bank records
- C. Intentionally making false statements on loan applications
- D. Setting up a bank account in an assumed name
Answer: A
NEW QUESTION 54
A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:
- A. Perpetrator check
- B. Shell company
- C. Accomplice residence
- D. Cash generator
Answer: B
NEW QUESTION 55
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 56
Which of the following is NOT a step a fraud examiner must take before seizing evidence in a digital forensic investigation?
- A. Assemble an investigation team comprised only of outside digital forensic experts.
- B. Determine whether there ate privacy issues related to the items(s) to be searched.
- C. Obtain and become familiar with any applicable legal orders.
- D. Ensure that any software used in a forensic capacity is legitimate.
Answer: B
NEW QUESTION 57
Which of the following is NOT a common use of public sources of information?
- A. Developing background information on a subject
- B. Obtaining an individual's credit records
- C. Corroborating or refuting witness statements
- D. Finding out about a person's lifestyle
Answer: B
NEW QUESTION 58
Blue, a Certified Fraud Examiner (CFE) was interviewing Green a fraud suspect Although Green had a strong memory when responding to questions involving insignificant events, he began asking Blue w repeat almost every question that addressed important facts. If Green b Involved In the suspected misconduct he might be repeating the question to
- A. Distrect Blue and change the subject
Test Blue's ability to ask consistent questions - B. Ensure he understood the question
- C. Gain tine to frame Ns answer
Answer: C
NEW QUESTION 59
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