CFE-Investigation Pre-Exam Practice Tests | (Updated 99 Questions)
Valid CFE-Investigation Exam Q&A PDF - One Year Free Update
NEW QUESTION 18
When reporting the results of a fraud examination is best to include copies (not originals) of important documents in the formal report.
- A. True
- B. False
Answer: B
NEW QUESTION 19
Eugene is conducting an admission-seeking interview of a suspect. During the interview the suspect frequently looks away from Eugene while responding to questions. Eugene can safely conclude that the suspect Is dishonest due to his failure to maintain eye contact.
- A. True
- B. False
Answer: B
NEW QUESTION 20
When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:
- A. The case will end in ligation
- B. The matter will be resolved completely internally
- C. The case will end after the suspect IB terminated
- D. The suspect is gully
Answer: A
NEW QUESTION 21
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. True
- B. False
Answer: B
NEW QUESTION 22
Which at the following is the most accurate statement about fraud response plans?
- A. A fraud response plan should be complex and extremely detailed to most effectively protect against fraud
- B. A fraud response plan should create an environment to maximize risk and minimize the potential for success
- C. A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen
- D. A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud
Answer: D
NEW QUESTION 23
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 asset method
- C. The expenditures method
- D. The income method
Answer: C
NEW QUESTION 24
Which at the following situations would most likely requite access to nonpublic records to develop evidence?
- A. Finding out where a person lives
- B. Obtaining a company's business filings
- C. Reviewing an individual's personal mobile phone records
- D. Determining who owns a piece of real estate
Answer: B
NEW QUESTION 25
Which of the following is an example of a leading question?
- A. "Weren't you ware of the missing inventory several weeks before notifying your boss?"
- B. "Was anyone from your learn absent from the meeting that wee?''
- C. "How well do you know your coworker Stacy, and have you ever socialized outside of wont?"
- D. ''When did you realize that the records had been manipulated?"
Answer: C
NEW QUESTION 26
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. Employee identification numbers
- C. Bank account numbers
- D. Telephone numbers
Answer: B
NEW QUESTION 27
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. follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization
- D. A follow-up/recommendations section should stale remedial measures for me organization !o undertake
Answer: D
NEW QUESTION 28
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 29
Which of the following are the classifications for the Corruption?
- A. Corruption, bribery, economic extortion, conflicts of interest
- B. economic extortion, bribery, illegal gratuities and corruption
- C. Bribery, economic extortion, illegal gratuities and conflicts of interest
- D. Overbilling, bribery, bid-ridding and illegal gratuities
Answer: C
NEW QUESTION 30
Tonya, a suspect in a kickback scheme is being interviewed by Carlos, a fraud examiner As the interview progresses. Carlos notices that Tonya is exhibiting signs of stress such as repeatedly touching her face, crossing and uncrossing her legs and darting her eyes around the room. Carlos should conclude that Tonya's behavior is the result of deception.
- A. True
- B. False
Answer: B
NEW QUESTION 31
Which of the following is NOT an advantage to using link analysis in a fraud investigation?
- A. Link analysis allows the investigator lo discover patterns in data
- B. Link analysis helps identify indirect relationships with several degrees of separation
- C. Link analysis visually displays financial ratio analysis
- D. Link analysis to an effective tool to demonstrate complex networks
Answer: B
NEW QUESTION 32
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. Present an alternative question.
- B. Leave the room for a short time.
- C. Ask Manual to sit up straight.
- D. Demand that Manuel stop crying.
Answer: A
NEW QUESTION 33
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. A source operation
- C. An entrapment operation
- D. A surveillance operation
Answer: C
NEW QUESTION 34
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. Regulatory securities records
- B. Organizational filings
- C. Commercial filings
- D. Civil litigation records
Answer: C
NEW QUESTION 35
Martin is a fraud examiner. He contacts Dianne for the purpose of conducting a routine information-gathering interview Dianne says that she wants her coworker, Sheila, whom Martin also plans to Interview to be present during fie interview Martin should:
- A. Allow Sheila to be present but only if she does not speak
- B. Interview Dianne and Shell together by himself
- C. Interview Dianne and Sheila separately
- D. Interview Dianne and Sheila together but bring in a second interviewer.
Answer: C
NEW QUESTION 36
Which of the following is TRUE about observing the reactions of interview subjects?
- A. To effectively observe reactions an Interviewer should alternate between sensitive and nonsensitive questions early in the Interview
- B. The interpretation of an interview subjects reactions requires specific skills on the part of the interviewer
- C. The observation of body language is much less important than observing the words used by the subject
- D. Emotive words should be used early in the interview to observe the respondent s emotional reaction.
Answer: D
NEW QUESTION 37
Lisa a fraud examinee at a private company receives an anonymous call from a potential whistIeblower. The whistleblower s hesitant to reveal their identity but will do so if it can be kept fully confidential Which of the following statements is most accurate?
- A. Lisa may promise the whistieblower full confidentiality even if she knows net statement is untrue, because the lie is ultimately beneficial to her employer.
- B. Lisa should state that she will not be able to keep the whistleblower s identity confidential because all information must be disclosed to management
- C. Lisa should explain that she will try her best to keep the whisneblower's identity confidential
- D. Lisa may offer the whistleblower full confidentially because they are not a suspect.
Answer: C
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 statements can name people or companies with whom the subject conducts business.
- B. Credit card records can show signs of skimming.
- 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: A
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 general estimate of the amount of money invoked
- B. The approximate number of instances
- C. A statement from Naveed that his conduct was an accident
- D. The location of any residual assets
Answer: C
NEW QUESTION 40
Mary the payroll manager at Reed Co, suspects that there might be a ghost employee scheme occurring. She wants to ensure no two employees on the payroll have the same government Identification number. Which of the following data analysis functions would be most useful for this test?
- A. Linear regression
- B. Correlation analysis
- C. Benford's Law analysis
- D. Duplicate search
Answer: D
NEW QUESTION 41
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