CFE-Investigation Exam Questions - Real & Updated Questions PDF [Q56-Q77] : Actual Test Materials : http://blog.actualtests4sure.com

NEW QUESTION 56
Tom, a Certified Fraud Examiner (CFE) was hired to trace Keeley’s assets, To trace the assets, Tom uses Keeley’s Books and records to analyze the relationship between the receipt and subsequent disposition of funds or assets. Which tracing method did Tom use?

The direct method

The comparative assets method

The indirect method

The asset method

NEW QUESTION 57
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?

An undercover operation

An entrapment operation

A surveillance operation

A source operation

NEW QUESTION 58
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?

The Join function

The correlation analysis function

The compliance verification function

The gap testing function

NEW QUESTION 59
Which of the following is a best practice for obtaining a signed statement?

Make sure that everything is included in the signed statement and that no addendum are made

Have the suspect write out the entire statement in their own handwriting

Have two individuals witness the signing of the document when possible.

Include all of the subject’s offenses, whether related or not, in a angle document.

NEW QUESTION 60
Fraud examination repots should be written with which of the following audiences in mind?

Witnesses

Judges or juries

Opposing legal counsel

At of the above

NEW QUESTION 61
Which of the following is NOT one of the main limitations of conducting a search for public records using online databases?

Public records database companies are difficult to find

Online public records searches are limited in the jurisdictions they cover

Online coverage of public records varies widely from jurisdiction lo Jurisdiction

The timeliness and accuracy of information in online databases must be validated

NEW QUESTION 62
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?

The market value of any real property Lottie owns

The assets that Lottie has purchased

The division and distribution of Lottie’s assets

If Lottie is skimming her employer’s funds

NEW QUESTION 63
When documenting interviews, it is BEST practice for the interviewer to:

Document notes for each interview separately, nduding those for electronic recordings.

Write down verbatim all of (he information that the subject provides during the interview

Err on the side of taking too many notes rather than too few.

Note impressions regarding the subject’s guilt or innocence.

NEW QUESTION 64
Which of the following is FALSE regarding link analysis?

Link analysis is a poor tool to use for investigating a money laundering scheme

Link analysis can be used to map connections between entities that share an address

Link analysis helps identify indirect relationships with several degrees of separation

Link analysis is an effective tool for demonstrating complex networks

NEW QUESTION 65
Marcus is trying to locate the financial statements of Acme Airlines, a multinational publicly traded corporation. Which of the following sources would be MOST EFFECTIVE for finding this information?

Commercial filings

Civil litigation records

Organizational filings

Regulatory securities records

NEW QUESTION 66
Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?

Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.

Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information

The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding

If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs

NEW QUESTION 67
Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?

the Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media login credentials from users.

To access any user-posted information on social media sites fraud examinees must obtain some type of legal order from the Jurisdiction in which the user resides.

A fraud examiner cannot be held liable for violating a user’s privacy rights if they hack or break into areas of a social networking site designated as private because all social media Information is public

Hacking or breaking into information on social media sites that is restricted as private could result in liability for fraud examiners due to violation of users privacy rights

NEW QUESTION 68
Which of the following is a reason why a subjects credit card statements can be useful in tracing investigations?

Credit card records can show signs of skimming.

Credit card statements provide insight into the subjects litigation history.

Credit card statements can name people or companies with whom the subject conducts business.

Credit card statements show the source of the funds used to pay a credit card bill.

NEW QUESTION 69
Scarlett, a Certified Fraud Examiner (CFE), is conducting an admission-seeking interview of Plum, a fraud suspect. After Scarlett defused Plum’s alibis. Plum became withdrawn and slowly began to slouch in her chair, bowing her head. What should Scarlett do now?

Discourage Plum from showing any emotion.

Remain silent until Plum makes a confession.

Insist that Plum sit up straight in her chair

Continue to display evidence that implicates Plum

NEW QUESTION 70
Which of the following is the MOST ACCURATE statement about how fraud examiners should approach fraud examinations?

When conducting fraud examinations, fraud examiners should adhere to the me an sand-ends approach

In most examinations fraud examiners should interview those who are more involved in the matters at issue before interviewing those who are less involved.

When conducting fraud examinations fraud examiners should operate under the assumption that the subjects are guilty

Fraud examinations should begin with general information that is known, starting at the periphery, and then move to the more specific details.

NEW QUESTION 71
Which of the following is NOT a function of a fraud examination report?

To convey all the evidence necessary for other parties to thoroughly evaluate the case

To add credibility to the fraud examiner’s work

To communicate the fraud examiner s qualifications for providing opinions about the case

To corroborate previously known facts

NEW QUESTION 72
If the following statements were included in a fraud examination report of a qualified expert, which of them would be IMPROPER?

“When asked a second time about the amount of funds missing, the suspect contradicted their previous testimony.”

“The evidence shows that between S1 million and S1.5 million in assets were transferred to an offshore account.”

“The organization must address the inadequate separation of accounting duties to prevent such an event from happening again.”

“In light of all the evidence, the suspect is most likely guilty of fraud against the organization.”

NEW QUESTION 73
Why do fraud examiners perform analysis on unstructured or textual data?

To categorize data to reveal patterns sentiments and relationships indicative of fraud

To find an admission of fraud in an email or other communication that can be presented m court

To figure out whether someone is tying or telling the truth based on context dues

To determine whether the footnotes to the financial statements are fatly presented

NEW QUESTION 74
When reporting the results of a fraud examination is best to include copies (not originals) of important documents in the formal report.

True

False

NEW QUESTION 75
Barnes, a Certified Fraud Examiner (CFE). is using data analysis to identify 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?

Compare book and tax depreciation and indicate variances

Identify paycheck amounts over a certain limit

Review recurring monthly expenses and compare to posted/paid invoices

All of the above

NEW QUESTION 76
Why is it necessary to image a seized computer’s hard drive for forensic analysis?

To prohibit access to the suspect computer’s hard drive by individuals not professionally trained in forensic analysis

To allow for the analysis of data from a suspect computer without altering or damaging the original data in any way

To create pictures of the suspect computer system and its wires and cables

To enable the retrieval of data from the suspect computer directly via its operating system

NEW QUESTION 77
Anne used Will as a confidential informant in her investigation Anne listed information provided by Will in her final report, referring to him using his initials. She paid Will in cash and obtained a receipt for the transaction. Which of Anne’s methods was NOT considered a best practice when using informants?

Referring to Will using his initials

Obtaining a receipt from Will

Using information provided by Will in her report

Using cash to pay Will