Pass CFE-Investigation Exam in First Attempt Guaranteed 100% Cover Real Exam Questions [Jan-2022]
Valid CFE-Investigation test answers & ACFE CFE-Investigation exam pdf
NEW QUESTION 55
Which of the following is NOT one of the main limitations of conducting a search for public records using online databases?
- A. Public records database companies are difficult to find
- B. The timeliness and accuracy of information in online databases must be validated
- C. Online coverage of public records varies widely from jurisdiction lo Jurisdiction
- D. Online public records searches are limited in the jurisdictions they cover
Answer: A
NEW QUESTION 56
An interviewer should primarily ask dosed questions during the information phase of an interview
- A. True
- B. False
Answer: A
NEW QUESTION 57
Delta, an Interviewer with little experience asks Sigma the respondent the following question. "Were you aware that the signature was forged and why didn't you tell anyone earlier?
This kind of question Is cased a______________ question.
- A. Free narrative
- B. Double-negative
- C. Complex
- D. Controlled answer
Answer: B
NEW QUESTION 58
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. Stat with questions about known information and work toward unknown information
- B. Ask questions seeking general information before seeking details
- C. Ask questions in random order to prevent Larry from knowing what question comes next
- D. Start with general questions and move toward specific questions
Answer: B
NEW QUESTION 59
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. Build a profile of potential frauds.
- B. Monitor the data.
- C. Cleanse and normalize the data.
- D. Identify the relevant data
Answer: A
NEW QUESTION 60
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 61
Cynthia is preparing to conduct a covert investigation Prior to conducting surveillance of her subject, she creates a memorandum outlining the basis for her operation. Which of the following pieces of information should she Include In her memorandum?
- A. All of the above
- B. The identities of any confidential sources to be used in the operation
- C. Her first impression regarding the subject's culpability
- D. The name of the subject she will be observing
Answer: A
NEW QUESTION 62
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. Benford's Law analysts
- B. Verifying mutinies of a number
- C. Correlation analysis
- D. Duplicate testing
Answer: C
NEW QUESTION 63
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. Accuse Elizabeth directly of having committed fraud
- C. Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk.
- D. Search Elizabeth's mobile phone for evidence of misconduct
Answer: C
NEW QUESTION 64
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 65
Which of the following is a reason why a person or organization might engage a fraud examiner to trace illicit transactions?
- A. An entity needs to find hidden relationships In big data that otherwise would not be discovered
- B. A victim of fraud wants to facilitate the recovery of criminal proceeds
- C. An attorney wants to evaluate an experts financial report.
- D. An employer wants to know If an employee is falsifying regulatory reports.
Answer: A
NEW QUESTION 66
Which of the following is NOT true with regard to tracing the deposition of loan proceeds?
- A. Tracing loan proceeds can Identify the presence of internal control weaknesses
- B. Tracing loan proceeds can uncover previously hidden assets
- C. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts
- D. Tracing loan proceeds can determine if hidden accounts were used for loan payments
Answer: B
NEW QUESTION 67
Bennett, a fraud examiner is performing textual analytics on journal entry data. He developed a list of fraud keywords to search for based on the three legs of the Fraud Triangle. Which of the following fraud keywords found In the journal entry tern is the best indicator of pressure to commit fraud?
- A. Override
- B. Quota
- C. Deserve
- D. Temporary
Answer: B
NEW QUESTION 68
Why do fraud examiners perform analysis on unstructured or textual data?
- A. To determine whether the footnotes to the financial statements are fatly presented
- B. To categorize data to reveal patterns sentiments and relationships indicative of fraud
- C. To find an admission of fraud in an email or other communication that can be presented m court
- D. To figure out whether someone is tying or telling the truth based on context dues
Answer: B
NEW QUESTION 69
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 market value of any real property Lottie owns
- B. The assets that Lottie has purchased
- C. The division and distribution of Lottie's assets
- D. It Lottie It skimming her employer's funds
Answer: B
NEW QUESTION 70
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