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NEW QUESTION 11
Which of the following is NOT a common method that fraudsters use to hide their ill-gotten gains?
- A. Transferring assets into another person's name
- B. Purchasing a used vehicle
- C. Purchasing a life Insurance policy
- D. Prepaying a home mortgage
Answer: A
NEW QUESTION 12
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. Displaying physical evidence
- D. Discussing Gamma's prior deceptions
Answer: A
NEW QUESTION 13
Which of the following is NOT a function of a fraud examination report?
- A. To convey all the evidence necessary for other parties to thoroughly evaluate the case
- B. To corroborate previously known facts
- C. To add credibility to the fraud examiner's work
- D. To communicate the fraud examiner s qualifications for providing opinions about the case
Answer: D
NEW QUESTION 14
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. Identify the relevant data
- B. Build a profile of potential frauds.
- C. Cleanse and normalize the data.
- D. Monitor the data.
Answer: B
NEW QUESTION 15
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
Answer: A
NEW QUESTION 16
When planning for the interview phase of an Investigation, which of the following steps should NOT be taken by the fraud examiner?
- A. Prepare a brief outline of key points to discuss during the interview
- B. Consider what the interview is intended to accomplish and state an objective.
- C. Ensure that the Interview is held in venue where the subject will feel uncomfortable
- D. Review the case Be to ensure that they have not overlooked Important information
Answer: A
NEW QUESTION 17
In response to an accusation made during an admission-seeking interview the subject Begins to voice a denial to the charge. How should the interviewer react to the first indication of a sublets denial'
- A. Allow the subject to continue denying the charge
- B. Interrupt the denial by using a delaying tactic
- C. Argue the point directly with the subject until a confession is obtained
- D. Remind the subject of the laws against perjury
Answer: D
NEW QUESTION 18
Eric, a Certified Fraud Examiner (CFE) is conducing an admission-seeking interview with Sean, a fraud suspect Sean is seated across the table from Eric. The door is closed but not locked and there are no windows or wall hangings in the room According to admission seeking interview best practices, what change should Eric make to the interview environment to increase that chances of the interview's success?
- A. Lock the door to ensure the interview is not interrupted
- B. Remove the table from the room to prevent physical and psychological barriers
- C. Open the door so that Sean feels tree to leave at any time
- D. Move the interview to a room with a window so that Sean feels more comfortable.
Answer: C
NEW QUESTION 19
Martin is a fraud examiner. He contacts Dianne for the purpose of conducting a routine information-gathering interview Dianne says that she wants her coworker, Sheila, whom Martin also plans to Interview to be present during fie interview Martin should:
- A. Interview Dianne and Sheila together but bring in a second interviewer.
- B. Allow Sheila to be present but only if she does not speak
- C. Interview Dianne and Sheila separately
- D. Interview Dianne and Shell together by himself
Answer: C
NEW QUESTION 20
Which of the following is NOT a best practice for obtaining a signed statement?
- A. Have the suspect write out the entire statement in their own handwriting
- B. Have two individuals witness the signing of the document when possible.
- C. Add subsequent facts to the statement as an addendum
- D. Prepare separate statements for unrelated offenses.
Answer: A
NEW QUESTION 21
Blue, a Certified Fraud Examiner (CFE) was interviewing Green a fraud suspect Although Green had a strong memory when responding to questions involving insignificant events, he began asking Blue w repeat almost every question that addressed important facts. If Green b Involved In the suspected misconduct he might be repeating the question to
- A. Distrect Blue and change the subject
Test Blue's ability to ask consistent questions - B. Ensure he understood the question
- C. Gain tine to frame Ns answer
Answer: C
NEW QUESTION 22
Lisa a fraud examinee at a private company receives an anonymous call from a potential whistIeblower. The whistleblower s hesitant to reveal their identity but will do so if it can be kept fully confidential Which of the following statements is most accurate?
- A. Lisa may promise the whistieblower full confidentiality even if she knows net statement is untrue, because the lie is ultimately beneficial to her employer.
- B. Lisa should explain that she will try her best to keep the whisneblower's identity confidential
- C. Lisa may offer the whistleblower full confidentially because they are not a suspect.
- D. Lisa should state that she will not be able to keep the whistleblower s identity confidential because all information must be disclosed to management
Answer: B
NEW QUESTION 23
Which counts sometimes can give rise to inventory theft detection?
- A. Perpetual inventory counts
- B. Concealment inventory counts
- C. None of the above
- D. Physical inventory counts
Answer: D
NEW QUESTION 24
Tahlia a Certified Fraud Examiner (CFE) was interviewing Gamma, a frud suspect During the interview Gamma seemed unconcerned he slouched in his chair and laughed out loud during the portion of the Interview when Tahlia asked if he knew any lads about the fraud From this conduct. Tahlia is likely to conclude that Gamma:
- A. Is being deceptive
- B. Is feeing bored by the interview process
- C. Is letting the truth
- D. Does not know the answers to Tahlia's questions
Answer: A
NEW QUESTION 25
Tom, a Certified Fraud Examiner (CFE) was hired to trace Keeley's assets, To trace the assets, Tom uses Keeley's Books and records to analyze the relationship between the receipt and subsequent disposition of funds or assets. Which tracing method did Tom use?
- A. The direct method
- B. The comparative assets method
- C. The indirect method
- D. The asset method
Answer: B
NEW QUESTION 26
Bennett, a fraud examiner is performing textual analytics on journal entry data. He developed a list of fraud keywords to search for based on the three legs of the Fraud Triangle. Which of the following fraud keywords found In the journal entry tern is the best indicator of pressure to commit fraud?
- A. Temporary
- B. Deserve
- C. Override
- D. Quota
Answer: D
NEW QUESTION 27
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 28
Which of the following is NOT true with regard to tracing the deposition of loan proceeds?
- A. Tracing loan proceeds can uncover previously hidden assets
- B. Tracing loan proceeds can Identify the presence of internal control weaknesses
- C. Tracing loan proceeds can determine if hidden accounts were used for loan payments
- D. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts
Answer: A
NEW QUESTION 29
When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:
- A. The case will end in ligation
- B. The matter will be resolved completely internally
- C. The suspect is gully
- D. The case will end after the suspect IB terminated
Answer: A
NEW QUESTION 30
Which of the following is NOT a step a fraud examiner must take before seizing evidence in a digital forensic investigation?
- A. Assemble an investigation team comprised only of outside digital forensic experts.
- B. Determine whether there ate privacy issues related to the items(s) to be searched.
- C. Obtain and become familiar with any applicable legal orders.
- D. Ensure that any software used in a forensic capacity is legitimate.
Answer: B
NEW QUESTION 31
Assuming that a jurisdiction has prohibited pretexting against financial institutions which of the following actions would constitute illegal pretexting?
- A. Stealing a person s mail to obtain the person s bank account number
- B. Impersonating an account holder to access their bank records
- C. Intentionally making false statements on loan applications
- D. Setting up a bank account in an assumed name
Answer: A
NEW QUESTION 32
Which of the following is a recommended strategy when conducting admission-seeking interviews?
- A. Increase sympathy while downplaying Implications of wrongdoing.
C Ensure that accusations a are made in the presence of a third party to avoid potential liability. - B. Emphasize a lack of morality in the subject's actions to induce them into confessing.
- C. Use time constraints as a means to pressure the subject Into making a confession.
Answer: A
NEW QUESTION 33
Which of the following statements concerning a well-written fraud examination report is most accurate?
- A. The report should convoy all information provided by witness
- B. Signed copies of the fraud examiner s Interview notes should be used to report interview details
- C. Only relevant facts that support the fraud allegation should be included in the report
- D. The report writer should avoid technical jargon where possible
Answer: D
NEW QUESTION 34
Which of the following is the MOST ACCURATE statement concerning the volatility, of digital evidence?
- A. Digital evidence a more volatile than tangible evidence because digital evidence is subject to claims of spoliation, whereas tangible evidence is not.
- B. Digital evidence is more volatile than tangible evidence because digital data can be altered or destroyed more easily than tangible information
- C. If the integrity of digital evidence is violated It can be easily restored using widely available data restoration programs
- D. The failure to preserve the integrity of digital evidence will not affect its admissibility in a legal proceeding
Answer: D
NEW QUESTION 35
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