Gunn, a Certified Fraud Examiner (CFE). was hired to trace Kelly's financial transactions. During his
investigation. Gunn obtains records of electronic payments that Kelly made during the past three
years. Which of the following are these records MOST LIKELY to reveal?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
C
Explanation
:
Q: 2
If the following statements were included in a fraud examination report of a qualified expert, which
of them would be IMPROPER?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
D
Explanation
:
Q: 3
When planning for the interview phase of an investigation, which of the following steps should NOT
be taken by the fraud examiner?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
D
Explanation
:
Q: 4
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?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
A
Explanation
:
Q: 5
When documenting interviews, it is best practice for the interviewer to.
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
C
Explanation
:
Q: 6
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 would be the BEST source of this information?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
A
Explanation
:
Q: 7
Which of the following is TRUE of a follow-up/recommendations section in a written fraud
examination report?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
D
Explanation
:
Q: 8
Jan
a. the controller of XYZ Company, notices that the company's hotel expenses increased substantially
from the prior year She wants to check to see if this increase is reasonable by comparing hotel
expenses from both years to the number of days XYZ"s employees traveled. Which of the following
data analysis functions would be the MOST USEFUL in helping Jana analyze these two variables?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
A
Explanation
:
Q: 9
Which of the following is NOT a common use of public sources of information?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
B
Explanation
:
Q: 10
Jackson, a Certified Fraud Examiner (CFE). is analyzing Elm Company's accounts payable data to
identify anomalies that might indicate fraud. Which of the following is the MOST EFFECTIVE data
analysis function that Jackson could use to look for potential fraud in accounts payable?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
C
Explanation
:
Q: 11
A fraud examiner is based m the United States, a non-European Union (EU) country, and is collecting
personal information from their company's human resources (HR) files about an employee based in
Spain, 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.
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
A
Explanation
:
Q: 12
Which of the following is the MOST ACCURATE statement concerning the volatility of digital
evidence?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
D
Explanation
:
Q: 13
Which of the following statements about how fraud examiners should approach fraud examinations
is FALSE?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
B
Explanation
:
Q: 14
Allison, a Certified Fraud Examiner (CFE). is investigating a potential procurement fraud scheme.
While interviewing a subject, she asks. "Why did you choose to do business with that vendor?" This
can BEST be described as a(n):
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
A
Explanation
:
Q: 15
Which of the following is a common characteristic that asset hiders look for in the financial vehicles
they use to conceal their assets?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
D
Explanation
:
Q: 16
Janet suspects that a local restaurant is being used as a front business for a criminal operation. Which
of the following types of records would be the MOST LIKELY to help Janet discover who owns the
restaurant building?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
B
Explanation
:
Q: 17
Which of the following is considered a best practice for preserving the confidentiality of a fraud
investigation?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
B
Explanation
:
Q: 18
Scarlett, a Certified Fraud Examiner (CFE), is conducting an admission-seeking interview of Plum, a
fraud suspect. After Scarlett defused Plum's alibis. Plum became withdrawn and slowly began to
slouch in her chair, bowing her head. What should Scarlett do now?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
D
Explanation
:
Q: 19
Which of the following is NOT true with regard to tracing the disposition of loan proceeds?
Options
Discussion
No comments yet. Be the first to comment.
Be respectful. No spam.
Correct Answer:
A
Explanation
:
Q: 20
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:
