2021 CFE-Investigation Question Bank: Free PDF Download Recently Updated Questions
CFE-Investigation Certification Exam Dumps with 99 Practice Test Questions
ACFE CFE-Investigation Exam Syllabus Topics:
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NEW QUESTION 54
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. Identify the relevant data
- B. Build a profile of potential frauds.
- C. Monitor the data.
- D. Cleanse and normalize the data.
Answer: B
NEW QUESTION 55
When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:
- A. The suspect is gully
- B. The case will end in ligation
- C. The matter will be resolved completely internally
- D. The case will end after the suspect IB terminated
Answer: B
NEW QUESTION 56
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 57
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 determine whether the footnotes to the financial statements are fatly presented
- D. To figure out whether someone is tying or telling the truth based on context dues
Answer: A
NEW QUESTION 58
Which of the following would be most useful in determining when a specific document file was created?
- A. The documents metadata
- B. The system log
- C. Internet activity data
- D. Operating system partition
Answer: A
NEW QUESTION 59
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Financial institution records
- B. Credit card statements
- C. Service bills
- D. Paystubs
Answer: C
NEW QUESTION 60
Which of the following is NOT a common use of public sources of information?
- A. Obtaining an individual's credit records
- B. Corroborating or refuting witness statements
- C. Finding out about a person's lifestyle
- D. Developing background information on a subject
Answer: A
NEW QUESTION 61
If the following statements were Included in a fraud examination report of a qualified expert, which of them would be IMPROPER?
- A. The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".
- B. ''When asked s second lima about the amount of funds missing the suspect contradicted their previous testimony"
- C. the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.''
- D. "In light of all the evidence the suspect is most Italy guilty of fraud against the organization
Answer: D
NEW QUESTION 62
Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?
- A. The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding
- B. If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs
- C. Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information
- D. Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.
Answer: A
NEW QUESTION 63
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 64
Shane, a Certified Fraud Examiner (CFF) is investigating Larsen, who is active on various social networking sites. Shane wants to search and extract information from Larsen s social media postings so that it can be used in court as evidence. Which of the following is the MOST ACCURATE statement regarding what Shane should do when conducting a social media investigation of Larsen?
- A. Shane should email himself the links of the postings so that he can retrieve them later.
- B. Shane should conduct a forensic shutdown of his computer to preserve the metadata in the social networking sites.
- C. Shane should preserve the information by saving the links of ate postings in his 'bookmarks "
- D. Shane should preserve the Information from the social networking sites so that it can be established as authentic if used in court.
Answer: D
NEW QUESTION 65
Pedro a Certified Fraud Examiner (CFF) is conducting an admission-seeking interview of Manuel a fraud suspect After Pedro diffused Manuel's alibis Manuel became withdrawn and slowly began to slouch in his chair, bowing his head and beginning to cry. What should Pedro do now?
- A. Leave the room for a short time.
- B. Present an alternative question.
- C. Ask Manual to sit up straight.
- D. Demand that Manuel stop crying.
Answer: B
NEW QUESTION 66
Which of the following are the classifications for the Corruption?
- A. Overbilling, bribery, bid-ridding and illegal gratuities
- B. Corruption, bribery, economic extortion, conflicts of interest
- C. Bribery, economic extortion, illegal gratuities and conflicts of interest
- D. economic extortion, bribery, illegal gratuities and corruption
Answer: C
NEW QUESTION 67
Foster a Certified Fraud Examiner (CFE), needs to obtain a copy of a picture that a former employee of Friendly Interior an interior design studio posted on the company's website three years ago. Unfortunately because the website has since been updated the picture is no longer available on the website. Which of the following resources should Foster consult to find an earlier version of the Web page he needs?
- A. The invisible Web
- B. The deep Web
- C. The internet archives
- D. The Library of Congress
Answer: C
NEW QUESTION 68
Tahlia a Certified Fraud Examiner (CFE) was interviewing Gamma, a frud suspect During the interview Gamma seemed unconcerned he slouched in his chair and laughed out loud during the portion of the Interview when Tahlia asked if he knew any lads about the fraud From this conduct. Tahlia is likely to conclude that Gamma:
- A. Is feeing bored by the interview process
- B. Does not know the answers to Tahlia's questions
- C. Is letting the truth
- D. Is being deceptive
Answer: D
NEW QUESTION 69
Barnes a Certified Fraud Examiner (CFE) is using data analysis to identity anomalies that might indicate fraud In XYZ Company's accounts payable transactions. Which of the following is the most effective data analysis function that Barnes could use to look for potential fraud in accounts payable?
- A. Compare book and tax deprecation and indicate variances
- B. Review recurring monthly expenses and compare to posted/paid invoices
- C. Al of the above
- D. Identify paycheck amounts over a certain limit
Answer: C
NEW QUESTION 70
Which of the following questions would be most effective when starting the calibration process during an interview?
- A. 'Do you know who might have defrauded the company?'
- B. 'How many jobs have you had before this one?'
- C. Did you commit any misconduct against the company?"
- D. "Do you know what the punishment is for violations like this?"
Answer: D
NEW QUESTION 71
Which of the folloping terms refers to a process of resolving allegations of fraud from inception to disposition?
- A. Forensic methodology
- B. Fraud examination
- C. Fraud theory
- D. Fraud assessment
Answer: B
NEW QUESTION 72
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 income method
- B. The application of funds method
- C. The expenditures method
- D. The asset method
Answer: C
NEW QUESTION 73
Which of the following statements about the process of obtaining a verbal confession is TRUE?
- A. The transition from the accusation to the confession should occur when the accused supplies the first detailed information about the offense.
- B. If the subject lies about an aspect of the offense In the process of confessing it is best to coned the records immediately before proceed.
- C. The only acceptable approaches to obtaining a verbal confession are chronologically or by transaction
- D. Fraudsters tend to overestimate the amount of kinds Involved in the offense to relieve themselves of the guff, of their dishonest actions
Answer: A
NEW QUESTION 74
Which of the following sets of numbers could a fraud examiner most likely benefit from running a Benford's Law analysis on?
- A. Telephone numbers
- B. Bank account numbers
- C. Employee identification numbers
- D. Vendor invoice amounts
Answer: C
NEW QUESTION 75
A fraud examiner is based in Mexico, a non-European Union (EU) country and is collecting personal information from their company human resources (MR) files about an employee based in Germany an employee based country Based on these facts. The fraud examiner would need to comply with the EU's General Data Protection Regulation (GDPR) when conducting their Internal investigation.
- A. False
- B. True
Answer: B
NEW QUESTION 76
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