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How to book ACFE CFE-Investigation: Certified Fraud Examiner - Investigation Exam
Request the CFE examination and provide all documentation one month before the CFE test is scheduled. Part 1: complete and submit money to the online application form. The CFE test comprises four criteria online: credentials, experiences and integrity, declaration of signature and pre-payment.
The Preparation Assignment is a self-study online application which helps you with the pre-assessment, instant feedback questions and direct connections to the source material in the digital version of the Fraud Examiner Manual and practical examinations.
NEW QUESTION 24
Which of the following is NOT true with regard to tracing the deposition of loan proceeds?
- A. Tracing loan proceeds can determine if hidden accounts were used for loan payments
- B. Tracing loan proceeds can Identify the presence of internal control weaknesses
- C. Tracing loan proceeds can uncover previously hidden assets
- D. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts
Answer: C
NEW QUESTION 25
Nathaniel, a Certified Fraud Examiner (CFE). is investigating an alleged inventory theft scheme. While interviewing a subject, he asks, "When were you promoted to manager of the department?" This can BEST be described as a(n):
- A. Complex question
- B. Open question
- C. Closed question
- D. Leading question
Answer: C
NEW QUESTION 26
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 27
Which of the following is INCORRECT with regard to locating individuals using online records?
- A. Before engaging in a search, the fraud examiner should know the most powerful and useful types of searches.
- B. Obtaining a past address of the subject should be the first step in trying to locate a subject using online records.
- C. If an individual has moved, obtaining a past address is usually of no help
- D. Online records are very useful in locating subjects whose whereabouts are unknown
Answer: C
NEW QUESTION 28
If an important witness becomes hostile and argumentative during an Interview, the interviewer generally should:
- A. Terminate the interview
- B. Refute the witness's arguments
- C. Agree with the witness's points whenever possible.
- D. Try to reason with the witness
Answer: B
NEW QUESTION 29
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 called a_____________question
- A. Double-negative
- B. Free narrative
- C. Controlled answer
- D. Complex
Answer: C
NEW QUESTION 30
A fraud examiner is based in Mexico, a non-European Union (EU) country, and is collecting personal information from their company's human resources (HR) files about an employee based in Germany, an EU country. Based on these facts, the fraud examiner would need to comply with the EU"s General Data Protection Regulation (GDPR) when conducting their internal investigation.
- A. True
- B. False
Answer: A
NEW QUESTION 31
Which of the following is NOT an advantage to using link analysis in a fraud investigation?
- A. Link analysis helps identify indirect relationships with several degrees of separation
- B. Link analysis visually displays financial ratio analysis
- C. Link analysis to an effective tool to demonstrate complex networks
- D. Link analysis allows the investigator lo discover patterns in data
Answer: A
NEW QUESTION 32
All of the following are true with regard to textual analytics EXCEPT:
- A. The purpose of textual analytics is to search for and find an admission of fraud that can be presented in court
- B. Textual analytics is used to reveal patterns, sentiments, and relationships indicative of fraud
- C. When conducting textual analysis, the fraud examiner should come up with a list of fraud keywords to search for.
- D. Textual analytics provides the ability to uncover warning signs of potentially fraudulent employee behavior
Answer: A
NEW QUESTION 33
Leslie, a fraud examiner for ACME Corporation, suspects that a salesperson for another company has defrauded ACME. Leslie wants to obtain a copy of the suspect individual's credit report and personal data from a third-party information broker If Leslie works in a jurisdiction that regulates the distribution of personal credit information, she generally can obtain the information if she has the consent of the individual.
- A. True
- B. False
Answer: A
NEW QUESTION 34
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. Controlled answer
- B. Double-negative
- C. Free narrative
- D. Complex
Answer: B
NEW QUESTION 35
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 entrapment operation
- B. A surveillance operation
- C. An undercover operation
- D. A source operation
Answer: A
NEW QUESTION 36
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 deep Web
- C. The Library of Congress
- D. The internet archives
Answer: D
NEW QUESTION 37
Which of the following questions would be most effective when starting the calibration process during an interview?
- A. "How many jobs have you had before this one?'
- B. "Did you commit any misconduct against the company?"
- C. "Do you know what the punishment is for violations like this'5"
- D. "Do you know who might have defrauded the company?"
Answer: A
NEW QUESTION 38
When planning for the interview phase of an investigation, which of the following steps should NOT be taken by the fraud examiner?
- A. Review the case file to ensure that important information has not been overlooked
- B. Prepare a detailed list of questions to ask the subject during the interview.
- C. Consider what the interview is intended to accomplish and state an objective.
- D. Ensure that the interview is held in a venue where the subject will feel Uncomfortable
Answer: D
NEW QUESTION 39
Sarah is conducting an admission-seeking interview of a suspect. Throughout the interview, the suspect makes little eye contact with Sarah. Based on this information atone, can Sarah conclude that the suspect is being deceptive?
- A. No, because this is not enough information to conclude that the suspect is being deceptive
- B. No, because avoiding eye contact is not directly linked to deception.
- C. Yes, because avoiding eye contact is a sign of deceptive.
- D. Yes, because it is safe to assume that suspects who avoid eye contact are most likely being deceptive.
Answer: A
NEW QUESTION 40
Which of the following is TRUE of a well-written fraud examination report?
- A. All information provided by witnesses, regardless of relevance, should be included in the report.
- B. Technical terms should be included whenever possible to convey professionalism.
- C. The report should discuss only the evidence that substantiates the fraud allegation
- D. The details of witness interviews should be reported in a separate memorandum.
Answer: C
NEW QUESTION 41
Which of the following is the MOST ACCURATE statement regarding the analysis phase in digital forensic investigations?
- A. When analyzing data for evidence, fraud examiners should look for exculpatory evidence but not exculpatory evidence
- B. During the analysis phase, it is best to use a combination of the various forensic tools that can assist h identifying, extracting, and collecting digital evidence
- C. The analysis phase of digital forensic investigations should not commence unless it is verified that the suspect devices do not contain relevant data.
- D. The primary concern when analyzing digital evidence is to protect the collected information from seizure
Answer: B
NEW QUESTION 42
Thea is conducting a fraud examination for a company and suspects one of the company's vendors (a one-person operation) of fraudulent billing. Thea wants to obtain a copy of the suspect individual's 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 suspect's personal credit data under any circumstances.
- A. True
- B. False
Answer: B
NEW QUESTION 43
Which of the following statements is MOST ACCURATE regarding covert operations?
- A. Covert operations rarely prove beneficial to investigations even when planned properly.
- B. Mistakes in covert operations generally do not cause damage to their associated investigations
- C. Fraud examiners should conduct coven operations only after attempting conventional methods of evidence-gathering
- D. Most jurisdictions provide protections for investigators conducting covert operations that shield them from reputational, financial, and legal consequences.
Answer: A
NEW QUESTION 44
Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?
- A. To access any user-posted information on social media sites, fraud examiners must obtain some type of legal order from the jurisdiction in which the user resides.
- B. 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.
- C. The Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media log-in credentials from users.
- D. 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.
Answer: B
NEW QUESTION 45
Which counts sometimes can give rise to inventory theft detection?
- A. Perpetual inventory counts
- B. Physical inventory counts
- C. Concealment inventory counts
- D. None of the above
Answer: B
NEW QUESTION 46
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. Benford's Law analysis
- B. Net worth method
- C. Regression analysis
- D. Bank deposit method
Answer: B
NEW QUESTION 47
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