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CFE-Investigation
Certified Fraud Examiner (CFE) - Investigation Questions and Answers

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Viewing questions 11-20 out of questions

Questions # 11:

A fraud examiner believes that a suspect might have used illicit funds to construct a commercial building to fit a restaurant. Which of the following records would be the MOST helpful in confirming the owner of the building?

Options:

Local court records

Commercial filings

Building permit records

Voter registration records

Answer

Questions # 12:

Which of the following is a purpose of an admission-seeking interview?

Options:

To establish that the confessor regrets committing the act

To obtain a valid confession from a culpable individual

To verify that the accused mistakenly committed the act

To determine whether the subject's responses are credible

Answer

Questions # 13:

If your suspect is spending suspected illicit funds on consumables (e.g.. travel and entertainment) and you need to prove their illicit income circumstantially, which of the following methods of tracing assets would yield the BEST result?

Options:

expenditures method

The consumables method

The income method

The asset method

Answer

Questions # 14:

Which of the following data is the MOST DIFFICULT to recover during a digital forensic examination?

Options:

Time and date information about files

Websites visited

Files that have been overwritten

Communications sent via instant messenger

Answer

Questions # 15:

Which of the following statements is MOST ACCURATE regarding how a fraud examiner should prepare for an interview with a subject from a different jurisdiction?

Options:

Failing to observe cultural norms is not a concern if the interviewer is from a different country than the interviewee.

Consulting with legal counsel is only necessary when an investigation spans multiple

A fraud examiner should find out whether the interviewee can insist upon the presence of a legal representative

A fraud examiner does not need to research cultural considerations such as appropriate greetings and eye contact.

Answer

Questions # 16:

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.

Options:

True

False

Answer

Questions # 17:

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

Options:

Online records companies are difficult to find.

Fraud examiners must validate the accuracy of the records obtained online

The online record might only be a brief abstract of the original.

Fraud examiners often must search for public records in multiple jurisdictions.

Answer

Questions # 18:

When planning for the interview phase of an investigation, which of the following steps should NOT be taken by the fraud examiner?

Options:

Consider what the interview is intended to accomplish and state an objective.

Review the case file to ensure that important information has not been overlooked

Prepare a detailed list of questions to ask the subject during the interview.

Ensure that the interview is held in a venue where the subject will feel Uncomfortable

Answer

Questions # 19:

Which of the following is a common method that fraudsters use to hide their ill-gotten gains?

Options:

Purchasing a used vehicle

Creating a will to allocate assets at death

Placing assets in probate

Transferring assets into foreign trusts

Answer

Questions # 20:

John, a fraud investigator, is interviewing Mary, who he suspects has been embezzling company funds. Which of the following is the recommended approach John should use to ask Mary questions?