[Jul-2021] ACFE CFE-Investigation Dumps – Reduce Your Chance of Failure in CFE-Investigation Exam
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NEW QUESTION 26
Caroline a fraud examiner is conducting an admission-seeking interview with John an employee suspected of stealing cash. Which of the following is the MOST effective phrasing for Caroline to use when posing an admission-seeking question to John?
- A. "What do you know about the stolen money'"
- B. "Did you steal the money?''
- C. ''Why did you take the money?"
- D. Do you know who look the money?"
Answer: C
NEW QUESTION 27
Max The controller of XYZ Company, noticed that the company's hotel expenses increased substantially from the prior year. He wants to check to see if this is reasonable by comparing hotel expenses from both years to the number to that XYZ's employees traveled. Which of the following date analysis function would be the most useful In helping Max analyze these two variables?
- A. Correlation analysis
- B. Verifying mutinies of a number
- C. Duplicate testing
- D. Benford's Law analysts
Answer: A
NEW QUESTION 28
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 29
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 30
Which of the following can constitute a bribe, even if the illicit payment is never actually made?
- A. Overbilling in payment
- B. Corruption in payment
- C. kickback payment
- D. Offering a payment
Answer: D
NEW QUESTION 31
Which of the following data analysis functions is used to determine whether company policies are met by employee transactions such as verifying that traveling employees book their accommodations at approved hotels?
- A. The compliance verification function
- B. The Join function
- C. The correlation analysis function
- D. The gap testing function
Answer: A
NEW QUESTION 32
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 33
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 34
A fraud examiner contacts a witness regarding an interview. If the respondent says, 'I'm too busy' how should the fraud examiner react?
- A. Caution the witness that avoidance of the Interview will be considered suspicious
- B. Explain that the respondent will be subject to discipline if they do not participate
- C. Stress that the interview will be short
- D. Inquire about a owe convenient time
Answer: C
NEW QUESTION 35
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 36
A fraud examiner suspects that an employee who is tasked with meeting new customers over business dinners to discuss their accounts is using those meetings to proposition the customers and steal business from the employee's company. If the fraud examiner wanted to pose as a new customer and meet with the employee, which of the following would beet describe the fraud examiner's method?
- A. An undercover operation
- B. An entrapment operation
- C. A source operation
- D. A surveillance operation
Answer: B
NEW QUESTION 37
Which of the following would be most useful in determining when a specific document file was created?
- A. The system log
- B. The documents metadata
- C. Operating system partition
- D. Internet activity data
Answer: B
NEW QUESTION 38
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 39
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 40
Which of the following statements about the process of obtaining a verbal confession is TRUE?
- A. Fraudsters tend to overestimate the amount of kinds Involved in the offense to relieve themselves of the guff, of their dishonest actions
- B. The transition from the accusation to the confession should occur when the accused supplies the first detailed information about the offense.
- C. The only acceptable approaches to obtaining a verbal confession are chronologically or by transaction
- D. 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.
Answer: B
NEW QUESTION 41
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. Demand that Manuel stop crying.
- B. Leave the room for a short time.
- C. Present an alternative question.
- D. Ask Manual to sit up straight.
Answer: C
NEW QUESTION 42
Marilyn a Certified Fraud Examiner (CFE) is reasonably sure that Shelly, her primary suspect committed the fraud in question. Before scheduling an admission-seeking interview with Shelly. Marllyn should be reasonably sure of all of the following EXCEPT.
- A. That no other person was invoked in the fraud in question
- B. That all reasonable investigative steps have been taken
- C. That the interview's time and location can be consoled
- D. That the interview's subject matter can be controlled
Answer: A
NEW QUESTION 43
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 44
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 45
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 46
Which of the following is NOT a best practice for obtaining a signed statement?
- A. Have the suspect write out the entire statement in their own handwriting
- B. Have two individuals witness the signing of the document when possible.
- C. Add subsequent facts to the statement as an addendum
- D. Prepare separate statements for unrelated offenses.
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
Which of the folloping terms refers to a process of resolving allegations of fraud from inception to disposition?
- A. Fraud theory
- B. Fraud assessment
- C. Fraud examination
- D. Forensic methodology
Answer: C
NEW QUESTION 49
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 50
Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?
- A. A follow-up/recommendations section should stale remedial measures for me organization !o undertake
- B. All of the above
- C. follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization
- D. A follow-up/recommendations section is a required part of every written fraud examination report.
Answer: A
NEW QUESTION 51
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