Free ACFE CFE-Fraud-Investigations-and-Legal-Issues Practice Test & Real Exam Questions, Page 4

Question #46

Which of the following situations would MOST LIKELY require access to nonpublic records to develop evidence?

A. Obtaining a company ' s business filings

B. Determining who owns a piece of real estate

C. Finding out where a person lives

D. Reviewing an individual ' s personal mobile phone records

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Correct Answer: D Vote an answer

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Question #47

After completing all necessary investigative steps. Erica, a Certified Fraud Examiner (CFE), is reasonably sure that Justine, her primary suspect, committed the fraud in question. Before scheduling an admission- seeking interview with Justine, what else should Erica be reasonably sure of?

A. That Justine will confess to the accusation when prompted

B. That Justine ' s employer will take disciplinary action against Justine if she confesses

C. That the interview ' s time, place, and content can De controlled

D. That no other person was involved in the fraud n question

Discussion 0

Correct Answer: C Vote an answer

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Question #48

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 items of information EXCEPT:

A. A statement from Naveed that his conduct was an accident

B. A general estimate of the amount of money involved

C. The approximate number of instances

D. The location of any residual assets

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Correct Answer: A Vote an answer

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Question #49

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

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Correct Answer: D Vote an answer

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Question #50

Mya has been retained as an expert witness to provide testimony for a trial. Which of the following statements describes the primary purpose of Mya ' s testimony?

A. Mya will assist the fact finder by providing specialized knowledge on the admissibility of evidence in the case.

B. Mya will assist the fact finder by drawing conclusions regarding the accused ' s guilt or innocence.

C. Mya will assist the fact finder by providing specialized knowledge that will help them understand evidence.

D. Mya will assist the fact finder by drawing conclusions on the credibility of other witnesses.

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Correct Answer: C Vote an answer

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Question #51

Which of the following statements would be IMPROPER if included in the fraud examination report of a Certified Fraud Examiner (CFE) who is also qualified as an accounting expert?

A. " The company ' s internal controls were wholly inadequate to prevent this type of violation and should be remediated at the earliest possible time. "

B. " From my examination, it appears that the company ' s financial statements were not presented in accordance with generally accepted accounting principles "

C. " The evidence shows that expenses in excess of $5 million were omitted from the company ' s financial statements "

D. " Based on statements the suspect made to me. it is my assessment that the suspect has a dishonest disposition. "

Discussion 0

Correct Answer: D Vote an answer

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Question #52

Willa is chairperson of ACME Construction's board of directors. Willa develops a substance use disorder and falls behind on her duties at ACME. Willa's inattentiveness results in significant losses to ACME shareholders following an incident that likely would have been prevented had she fulfilled her duties. If Willa is sued for violating her fiduciary duties, under which theory is the suit MOST LIKELY to be filed?

A. Violating the duty of care.

B. Violating the duty of transparency.

C. Violating the duty of loyalty.

D. Violating the duty of responsibility.

Discussion 0

Correct Answer: A Vote an answer

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Question #53

Emily, a fraud examiner, is tasked with collecting evidence of a payroll fraud scheme through a digital forensic investigation. Which of the following best practices should Emily follow during the analysis phase?

A. Emily should prioritize locating exculpatory evidence over inculpatory evidence when analyzing the collected data.

B. Emily should use a single tool to identify, extract, and collect digital evidence because using multiple tools could skew her results.

C. Emily should be primarily concerned with maintaining the integrity of the data when analyzing digital evidence.

D. Emily should ensure that she uses a specific type of software to ensure that she is able to fully recover all data.

Discussion 0

Correct Answer: C Vote an answer

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Question #54

During an internal investigation, Sam, a Certified Fraud Examiner (CFE), interviews a fellow employee named Jordan. Although Jordan wants to leave during the interview, Sam locks the door and proceeds with the interview. Jordan subsequently confesses to lapping customer payments. If Jordan files a lawsuit for false imprisonment against Sam, then Sam will likely:

A. Win the case because he was acting in the interest of the company.

B. Lose the case if a trier of fact concludes that his actions restrained Jordan without consent or legal justification.

C. Win the case if he did not know that the conduct was illegal.

D. Lose the case because he was required to tell Jordan before the interview started of his obligation to cooperate as an employee.

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Correct Answer: B Vote an answer

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Question #55

__________ insurance is a type of insurance under which an insured entity is covered against losses caused by the dishonest or fraudulent acts of its employees.

A. Opportunity

B. Inherent risk

C. Fidelity

D. Residual risk

Discussion 0

Correct Answer: C Vote an answer

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Question #56

Ella is convicted of a crime, but instead of serving time in jail, her sentence is suspended for a year in exchange for a promise of good behavior and being placed under supervision within the community. Which of the following best describes Ella's sentence?

A. Determinate sentence

B. Indeterminate sentence

C. Deferred prosecution agreement

D. Probation

Discussion 0

Correct Answer: D Vote an answer

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Question #57

If you are seizing a computer for forensic analysis, why is it generally necessary to seize any copiers connected to it?

A. Most copiers store, process, and transmit data m a cloud environment

B. Many copiers connect via parallel cables, which store and transmit copy job data.

C. Most copiers today are nonimpact copiers, meaning that they store copied images indefinitely.

D. Many copiers have internal hard drives that might contain information relevant to a fraud examination

Discussion 0

Correct Answer: D Vote an answer

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Question #58

Arnold, a Certified Fraud Examiner (CFE) 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. Conduct discreet inquiries into Elizabeth ' s responsibilities as an accounts payable clerk

B. Accuse Elizabeth directly of having committed fraud

C. Notify management of the possibility that Elizabeth has committed fraudulent acts

D. Search Elizabeth ' s mobile phone for evidence of misconduct.

Discussion 0

Correct Answer: A Vote an answer

Question #59

Tariq is investigating Janine, an employee suspected of stealing funds. Tariq needs access to Janine's account records from her bank. Which of the following statements is MOST ACCURATE?

A. Tariq might need to take legal action to obtain Janine's bank records if she is unwilling to provide him with written consent.

B. Tariq will be able to obtain Janine's records from the bank without consent or a legal order because banks are obligated to provide records if criminal activity is suspected.

C. Janine has to be physically present at her bank when Tariq requests access to her account records for the bank to agree to give them to a third party.

D. Tariq must obtain Janine's oral consent before her bank will agree to release her account records to him.

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Correct Answer: A Vote an answer

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Question #60

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. False

B. True

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