Free ACFE CFE-Fraud-Investigations-and-Legal-Issues Practice Test & Real Exam Questions, Page 3

Question #31

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

A. To corroborate previously known facts

B. To add credibility to the fraud examiner ' s work

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

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

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Correct Answer: C Vote an answer

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Question #32

John deliberately understated his income so that he could pay a lesser amount on his tax bill. This is an example of tax avoidance.

A. False

B. True

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Correct Answer: A Vote an answer

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Question #33

Which of the following statements concerning judgments involving parties that are in multiple jurisdictions is most accurate?

A. Whether a foreign judgment is enforceable always depends on where the defendant ' s assets are located.

B. Whether a foreign judgment is enforceable is not affected by the law where the judgment is enforced.

C. If a party obtains a judgment against a defendant in one jurisdiction, then that judgment might not be effective in other jurisdictions where the defendant resides.

D. If a party obtains a judgment against a defendant in one jurisdiction, then that judgment is effective automatically and recognized in all jurisdictions throughout the world.

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Correct Answer: C Vote an answer

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Question #34

Clara is a fraud examiner investigating a potentially fraudulent misrepresentation made in the sale of a security. Which of the following questions should Clara ask to determine if the misrepresentation was material?

A. " Would a reasonable investor want to know the information to make an informed decision? "

B. " Did the person who made the representation have authorization to make the statements that are in dispute? "

C. " Is the person who made the misrepresentation registered as a broker-dealer? "

D. " Were potential investors promised guaranteed returns in the misrepresentation? "

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Correct Answer: A Vote an answer

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Question #35

Jackson, a digital forensic examiner for a government agency, is conducting a criminal investigation into the alleged embezzlement of funds from the government ' s Welfare Department (WD). Ginny. a WD employee, is the prime suspect. Jackson obtains a court order authorizing him to seize Ginny ' s personal computer for forensic examination. Which of the following is the MOST ACCURATE statement?

A. If Ginny ' s computer is running. Jackson may retrieve data from the computer directly via its normal interface if the evidence that he needs exists only in the form of volatile data

B. If Ginny ' s computer is off. Jackson should not turn it on unless he plans to use an encryption device that can guarantee that the system ' s hard drive will not be accessed during startup.

C. If Ginny's computer is off and Jackson needs evidence that exists only in the form of volatile data, he should turn the computer on and retrieve data directly via the computer ' s normal interface.

D. If Ginny ' s computer is running. Jackson should perform a graceful shutdown by turning it off using the normal shutdown process

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Correct Answer: A Vote an answer

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Question #36

Which of the following pieces of information should be documented in a memorandum that details the basis for a covert investigation?

A. The information that is expected to be gained from the covert investigation.

B. A description of all known associates of the parties to be surveilled.

C. A description of the process used to determine the cause for investigation.

D. Dates and locations of all expected interactions with the subject.

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Correct Answer: A Vote an answer

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Question #37

Country A ' s government requires financial institutions to report all instances of a customer depositing or withdrawing more than $10,000 in a day. To avoid attention regarding his illicit assets, James deposits $9,000 each day. In which of the following schemes is James engaging?

A. Integration scheme

B. Structuring scheme

C. Reverse deposit scheme

D. Mobile payment scheme

Discussion 0

Correct Answer: B Vote an answer

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Question #38

Vishal, a Certified Fraud Examiner (CFE). has just initiated an interview with Steve, a fraud suspect. After a short introduction. Vishal jokes about the fact that he and Steve are wearing the same tie and then proceeds to ask Steve about the previous night ' s major sporting event Vishal is attempting to

A. Establish the interview theme

B. Exhibit passive listening.

C. Condition the witness.

D. Establish rapport

Discussion 0

Correct Answer: D Vote an answer

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Question #39

Which of the following can be obtained from a wire transfer record?

A. The recipient ' s government identification number

B. The name of the sender or originator

C. The sending institution ' s accreditation type

D. The name of the receiving institution ' s registered agent

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Correct Answer: B Vote an answer

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Question #40

During a trial in an adversarial system an attorney calls an expert witness to the stand and asks " Could you please describe the procedures you performed in your examination? ' ' Based on this question, which type of testimony is MOST LIKELY being presented ' ?

A. Impeachment

B. Direct exam Ml mi

C. Cross-examination

D. Request for admission

Discussion 0

Correct Answer: B Vote an answer

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Question #41

Which of the following statements about the process of obtaining a verbal confession is TRUE?

A. The transition from the accusation to the confession should occur when the accused supplies the first detailed information about the offense.

B. The only acceptable approaches to obtaining a verbal confession are chronologically or by transaction

C. If the subject lies about an aspect of the offense in the process of confessing, it is best to correct the records immediately before proceeding

D. Fraudsters tend to overestimate the amount of funds involved in the offense to relieve themselves of the guilt of their dishonest actions.

Discussion 0

Correct Answer: A Vote an answer

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Question #42

All of the following are methods of pretrial civil discovery commonly found in common law jurisdictions EXCEPT:

A. Written examinations

B. Injunctions

C. Affidavits of documents or records

D. Oral examinations

Discussion 0

Correct Answer: B Vote an answer

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Question #43

Which of the following is the MOST ACCURATE statement regarding the analysis phase in digital forensic investigations?

A. The primary concern when analyzing digital evidence is to maintain the integrity of the data at all times

B. When analyzing data for evidence, fraud examiners should look for exculpatory evidence But not inculpatory evidence

C. The analysis phase of digital forensic investigations should not commence unless it is venfied that the suspect devices do not contain relevant data

D. During the analysis phase, it is best to use just one forensic tool for identifying, extracting, and collecting digital evidence

Discussion 0

Correct Answer: A Vote an answer

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Question #44

Shannon, a Certified Fraud Examiner (CFE), is conducting a fraud examination for Sand Corp. Shannon is going to perform a textual analysis on unstructured data, such as emails and instant messages. Why would Shannon perform such an analysis?

A. The analysis will produce a visual representation of the data collected to track the movement of money.

B. The analysis will categorize data to reveal patterns, sentiments, and relationships that are indicative of fraud.

C. The analysis will uncover an admission of fraud in an email or other communication that can be presented in court.

D. The analysis will determine whether someone is lying or telling the truth based on clues within the data.

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Correct Answer: B Vote an answer

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Question #45

Which of the following is the MOST ACCURATE statement regarding a fraud examiner's ability to trace cryptocurrency transactions?

A. Most jurisdictions do not require digital wallet providers to record any personal information about cryptocurrency users.

B. Information about cryptocurrency ownership can sometimes be revealed by analyzing a subject's bank statements.

C. Most cryptocurrencies rely on private blockchains, which require court orders to obtain transaction information.

D. Each blockchain transaction contains direct identifying information that can be used to find cryptocurrency users.

Discussion 0

Correct Answer: B Vote an answer

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