Achive your Success with Latest ACFE CFE-Investigation Exam [Apr 11, 2024]
The CFE-Investigation Exam Test For Brief Preparation
The CFE-Investigation Exam covers a range of topics related to fraud investigation, including fraud schemes, legal elements of fraud, conducting investigations, interviewing techniques, and report writing. CFE-Investigation exam consists of four sections, each containing 125 multiple-choice questions. Candidates are required to pass all four sections within three years of their initial application.
NEW QUESTION # 89
If you are seizing a computer for forensic analysis, why is it generally necessary to seize any copiers connected to it?
- A. Many copiers connect via parallel cables, which store and transmit copy job data.
- B. Most copiers today are nonimpact copiers, meaning that they store copied images indefinitely.
- C. Many copiers have internal hard drives that might contain information relevant to a fraud examination
- D. Most copiers store, process, and transmit data m a cloud environment
Answer: C
NEW QUESTION # 90
Mil
a. a Certified Fraud Examiner (CFE). needs to obtain court records and wants to be as sure as possible that the records are accurate In most countries, the most reliable way lo obtain these documents is to obtain them directly from the court authorities.
- A. False
- B. True
Answer: B
NEW QUESTION # 91
Which of the following n NOT one of the basic types of Informational questions interviewers use to gather unbiased, factual Information?
- A. Chronological
- B. loading
- C. Closed
- D. Open
Answer: A
NEW QUESTION # 92
Mila, a Certified Fraud Examiner (CFE), needs to obtain court records and wants to be as sure as possible that the records are accurate. In most countries the most reliable way to obtain these documents is to obtain them directly from the court authorities
- A. False
- B. True
Answer: B
NEW QUESTION # 93
______________ can be detected by closely examining the documentation submitted with the cash receipts.
- A. Voided purchases
- B. None of the above
- C. Fictitious refunds
- D. Approved transaction
Answer: C
NEW QUESTION # 94
Tar
a. a Certified Fraud Examiner (CFE). is searching social media sites for evidence in a fraud investigation. Which of the following is the MOST ACCURATE statement regarding what Tara should do when mining social media sites for evidence of fraud?
- A. Tara should preserve the metadata by printing out the web pages of each of the postings.
- B. Tara should conduct a forensic shutdown of the computer to preserve the metadata m the social networking sites.
- C. Tara should preserve the information from the sites so that it can be established as authentic if used in court.
- D. Tara should preserve the information by saving the links of the postings as bookmarks in her browser.
Answer: A
NEW QUESTION # 95
Which of the following is NOT a common method that fraudsters use to hide their ill-gotten gains?
- A. Prepaying a home mortgage
- B. Transferring assets into another person's name
- C. Purchasing a used vehicle
- D. Purchasing a life Insurance policy
Answer: B
NEW QUESTION # 96
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 deep Web
- B. The Library of Congress
- C. The internet archives
- D. The invisible Web
Answer: C
NEW QUESTION # 97
Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?
- A. All of the above
- B. A follow-up/recommendations section is a required part of every written fraud examination report.
- C. A follow-up/recommendations section should stale remedial measures for me organization !o undertake
- D. follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization
Answer: C
NEW QUESTION # 98
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. Discussing Gamma's prior deceptions
- B. Downplaying the strength of the evidence
- C. Displaying physical evidence
- D. Discussing the testimony of witnesses
Answer: B
NEW QUESTION # 99
Which of the following statements concerning a well-written fraud examination report is MOST ACCURATE?
- A. Only relevant facts that support the fraud allegation should be included in the report
- B. The report should convey all Information provided by witnesses
- C. The report writer should avoid technical jargon where possible
- D. Signed copies of the fraud examiner's interview notes should be used to report interview details
Answer: A
NEW QUESTION # 100
Which of the following is a unique challenge of cloud forensics that is not encountered in traditional forensic practices?
- A. Lack of data control
- B. Lack of relevant data
- C. Lack of trust from cloud providers
- D. Lack of corroborating evidence
Answer: A
NEW QUESTION # 101
Management at First Choice Inc. suspects that Nathan, its chief financial officer (CFO), has been embezzling funds. It hires Rein a. a Certified Fraud Examiner (CFE), to investigate the matter When conducting the fraud examination. Reina should proceed as though;
- A. After Nathan is terminated, the case will end
- B. The case will end in litigation.
- C. The matter will be resolved completely internally.
- D. Nathan is guilty
Answer: B
NEW QUESTION # 102
An interviewer should primarily ask dosed questions during the information phase of an interview
- A. False
- B. True
Answer: B
NEW QUESTION # 103
Bobbie, a fraud examiner, is preparing to interview Craig, a close friend and coworker of the primary suspect in the case. Craig has been described by others as "easily angered" and "intense" How should Bobbie approach her interview of Craig?
- A. Ask Craig when ho would prefer to be interviewed in an effort to engender cooperation
- B. Provide Craig with plenty of notice prior to the interview to not provoke resentment
- C. Avoid interviewing Craig if possible due to Craig's potential volatility
- D. Conduct the interview with as little notice as possible so Craig will be unprepared
Answer: A
NEW QUESTION # 104
Baker, a Certified Fraud Examiner (CFE). is getting prepared to conduct a lengthy and complex interview. To prepare himself. Baker should:
- A. Take only the documents he wishes to go over
- B. Avoid bringing any notes with him to the interview
- C. Writs down a detailed list of questions in advance
- D. Write down key points to go over with the respondent
Answer: D
NEW QUESTION # 105
Boyd, a Certified Fraud Examiner (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. If Lottie is skimming her employer's funds
- B. The division and distribution of Lottie's assets
- C. The market value of any real property Lottie owns
- D. The assets that Lottie has purchased
Answer: D
NEW QUESTION # 106
Beta, a Certified Fraud Examiner (CFE). is conducting an admission-seeking interview of Delta, a fraud suspect. In establishing a rationalization. Beta says to Delt a. "I know you didn't do this for yourself: it was for your family." This technique seeks to establish rationalization by:
- A. Reducing Delta's perception of the legal seriousness of the matter
- B. Establishing that Delta's family was being treated unfairly
- C. Reducing Delta's stress about possibly being fired
- D. Claiming Delta's action was for altruistic reasons
Answer: B
NEW QUESTION # 107
Management at Oak Company has asked Arthur, an internal auditor, to implement a data analysis program to search for warning signs of potential fraud within the company. Which of the following steps should Arthur conduct first to MOST effectively use data analysis techniques for such an initiative?
- A. Obtain the data.
- B. Analyze the data.
- C. Cleanse and normalize the data
- D. Build a profile of potential frauds.
Answer: D
NEW QUESTION # 108
Baker, a Certified Fraud Examiner (CFE), is assigned to the internal audit department of the ABC Company.
He is getting ready to conduct an interview with another company employee who might be Involved In a fraud In general whit We should Baker use in the introduction to the employee?
- A. Certified Fraud Examiner
- B. Baker should omit a title altogether
- C. Investigator
- D. Auditor
Answer: D
NEW QUESTION # 109
Sylvia, a novice interviewer, asks Adam, the respondent, the following question: "Didn't you know that something wasn't right?" This kind of question is called a_____________question.
- A. Free narrative
- B. Complex
- C. Controlled answer
- D. Double-negative
Answer: D
NEW QUESTION # 110
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. Notify management of that Elizabeth has committed fraudulent acts.
- B. Search Elizabeth's mobile phone for evidence of misconduct
- C. Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk.
- D. Accuse Elizabeth directly of having committed fraud
Answer: C
NEW QUESTION # 111
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