[Dec-2021] Download Real ACFE CFE-Investigation Exam Dumps Test Engine Exam Questions
New CFE-Investigation exam dumps Use Updated ACFE Exam
NEW QUESTION 55
Beta a Certified Fraud Examiner (CFE), is conducting an admission-seeking interview of Gamma a fraud suspect Alter Beta gave Gamma an appropriate rationalization for his conduct Gamma continued his denials, giving various alibis. These alibis usually can be diffused by all of the following techniques EXCEPT.
- A. Downplaying the strength of the evidence
- B. Discussing the testimony of witnesses
- C. Discussing Gamma's prior deceptions
- D. Displaying physical evidence
Answer: A
NEW QUESTION 56
Barnes a Certified Fraud Examiner (CFE) is using data analysis to identity 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?
- A. Al of the above
- B. Compare book and tax deprecation and indicate variances
- C. Identify paycheck amounts over a certain limit
- D. Review recurring monthly expenses and compare to posted/paid invoices
Answer: A
NEW QUESTION 57
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?
- A. The compliance verification function
- B. The correlation analysis function
- C. The gap testing function
- D. The Join function
Answer: A
NEW QUESTION 58
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 deep Web
- B. The Library of Congress
- C. The invisible Web
- D. The internet archives
Answer: D
NEW QUESTION 59
An interviewer should primarily ask dosed questions during the information phase of an interview
- A. True
- B. False
Answer: A
NEW QUESTION 60
Which of the following statements concerning access to nonpublic records it MOST ACCURATE?
- A. Thai government usually will not share nonpublic records with a fraud victim during an Investigation Into the underlying fraud.
- B. Nonpublic records cannot be obtained by subpoena or legal order in a civil action
- C. In most jurisdictions, banks are allowed to turn over a suspects account information directly to a fraud victim when there is adequate evidence of wrongdoing.
- D. Once a criminal case is filed all records obtained by the government are considered public records
Answer: C
NEW QUESTION 61
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. Net worth method
- B. Bank deposit method
- C. Benford's Law analysis
- D. Regression analysis
Answer: A
NEW QUESTION 62
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 the interview theme
- B. Establish rapport
- C. Calibrate the witness
- D. Exhibit passive listening
Answer: B
NEW QUESTION 63
Eugene is conducting an admission-seeking interview of a suspect. During the interview the suspect frequently looks away from Eugene while responding to questions. Eugene can safely conclude that the suspect Is dishonest due to his failure to maintain eye contact.
- A. True
- B. False
Answer: B
NEW QUESTION 64
The most common method of detection in corruption cases is:
- A. Internal audits
- B. Internal controls
- C. By accident
- D. Tips
Answer: D
NEW QUESTION 65
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. Build a profile of potential frauds.
- B. Monitor the data.
- C. Cleanse and normalize the data.
- D. Identify the relevant data
Answer: A
NEW QUESTION 66
A fraud examiner is based in Mexico, a non-European Union (EU) country and is collecting personal information from their company human resources (MR) files about an employee based in Germany an employee based 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 67
A fabricated name and the post office box that an employee uses to collect disbursements from false billings is called:
- A. Perpetrator check
- B. Accomplice residence
- C. Cash generator
- D. Shell company
Answer: D
NEW QUESTION 68
Which of the following questions would be most effective when starting the calibration process during an interview?
- A. Did you commit any misconduct against the company?"
- B. 'How many jobs have you had before this one?'
- C. 'Do you know who might have defrauded the company?'
- D. "Do you know what the punishment is for violations like this?"
Answer: D
NEW QUESTION 69
Thea is conducting a fraud examination for a company and suspects one of the company 's vendors (a one-person operation) of fraudulent biting. Thea wants to obtain a copy of the suspect individuals 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 suspects personal credit data under any circumstances.
- A. True
- B. False
Answer: B
NEW QUESTION 70
Which of the following is NOT true with regard to tracing the deposition of loan proceeds?
- A. Tracing loan proceeds can Identify the presence of internal control weaknesses
- B. Tracing loan proceeds can uncover previously hidden assets
- C. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts
- D. Tracing loan proceeds can determine if hidden accounts were used for loan payments
Answer: B
NEW QUESTION 71
Mila, a Certified Fraud Examiner (CFE), needs to obtain court records and wants to be as sure as possible that the records are accurate. In most countries the most reliable way to obtain these documents is to obtain them directly from the court authorities
- A. True
- B. False
Answer: A
NEW QUESTION 72
Which at the following should be done to prepare an organization for a formal fraud investigation?
- A. Inform the subject that they are under Investigation.
- B. Send an email to all employees explaining the investigation's purpose
- C. Notify Ml managers about the investigation explaining why it is happening and who is involved
- D. Notify key decision-makers when the investigation is about to begin
Answer: D
NEW QUESTION 73
Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?
- A. 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
- B. 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.
- C. 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
- D. 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.
Answer: D
NEW QUESTION 74
Amanda needs to know the location of the principal office and the date of incorporation of a company she is investigating. Which of the following sources would most likely contain these items of Information?
- A. The comprehensive litigation fie in the local court in the jurisdiction in which the company is headquartered
- B. The contractual records of any real properly owned by the corporation
- C. The organizational fling with the government of the jurisdiction in which the company is incorporated
- D. The company's income tax filings
Answer: C
NEW QUESTION 75
Why do fraud examiners perform analysis on unstructured or textual data?
- A. To determine whether the footnotes to the financial statements are fatly presented
- B. To categorize data to reveal patterns sentiments and relationships indicative of fraud
- C. To find an admission of fraud in an email or other communication that can be presented m court
- D. To figure out whether someone is tying or telling the truth based on context dues
Answer: B
NEW QUESTION 76
Which at the following is the most accurate statement about fraud response plans?
- A. A fraud response plan should be complex and extremely detailed to most effectively protect against fraud
- B. A fraud response plan should create an environment to maximize risk and minimize the potential for success
- C. A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen
- D. A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud
Answer: D
NEW QUESTION 77
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