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NEW QUESTION 44
Which of the following is NOT an advantage to using link analysis in a fraud investigation?
- A. Link analysis visually displays financial ratio analysis
- B. Link analysis to an effective tool to demonstrate complex networks
- C. Link analysis allows the investigator lo discover patterns in data
- D. Link analysis helps identify indirect relationships with several degrees of separation
Answer: D
NEW QUESTION 45
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 46
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 47
Which of the following is a method of tracing assets that would yield the best result when several of the subject's assets or liabilities have changed during the period under examination and the subject a financial records are not available?
- A. Regression analysis
- B. Bank deposit method
- C. Net worth method
- D. Benford's Law analysis
Answer: C
NEW QUESTION 48
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 49
Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?
- A. Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.
- B. Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information
- C. If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs
- D. The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding
Answer: D
NEW QUESTION 50
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. Cleanse and normalize the data.
- D. Monitor the data.
Answer: B
NEW QUESTION 51
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Paystubs
- B. Financial institution records
- C. Service bills
- D. Credit card statements
Answer: C
NEW QUESTION 52
Which at the following situations would most likely requite access to nonpublic records to develop evidence?
- A. Obtaining a company's business filings
- B. Finding out where a person lives
- C. Reviewing an individual's personal mobile phone records
- D. Determining who owns a piece of real estate
Answer: A
NEW QUESTION 53
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 54
Vishal a Certified Fraud Examiner (CFE) has just initiated an interview with Slave, a fraud suspect. After a short introduction Vishal jokes about the fact that he and Steve are wearing the same tie end then proceeds to ask Steve about the previous night's major sporting event. Vishal is attempting to
- A. Establish rapport
- B. Exhibit passive listening
- C. Calibrate the witness
- D. Establish the interview theme
Answer: A
NEW QUESTION 55
In response to an accusation made during an admission-seeking interview the subject Begins to voice a denial to the charge. How should the interviewer react to the first indication of a sublets denial'
- A. Allow the subject to continue denying the charge
- B. Interrupt the denial by using a delaying tactic
- C. Argue the point directly with the subject until a confession is obtained
- D. Remind the subject of the laws against perjury
Answer: D
NEW QUESTION 56
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 internet archives
- C. The deep Web
- D. The Library of Congress
Answer: B
NEW QUESTION 57
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 58
Eric, a Certified Fraud Examiner (CFE) is conducing an admission-seeking interview with Sean, a fraud suspect Sean is seated across the table from Eric. The door is closed but not locked and there are no windows or wall hangings in the room According to admission seeking interview best practices, what change should Eric make to the interview environment to increase that chances of the interview's success?
- A. Lock the door to ensure the interview is not interrupted
- B. Remove the table from the room to prevent physical and psychological barriers
- C. Open the door so that Sean feels tree to leave at any time
- D. Move the interview to a room with a window so that Sean feels more comfortable.
Answer: C
NEW QUESTION 59
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