CFE-INVESTIGATION Online Practice Questions and Answers

If the following statements were Included in a fraud examination report of a qualified expert, which of them would be IMPROPER?

A. the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.''

B. The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".

C. "In light of all the evidence the suspect is most Italy guilty of fraud against the organization

D. ''When asked s second lima about the amount of funds missing the suspect contradicted their previous testimony"

A fraud examiner contacts a witness regarding an interview. If the respondent says, `I'm too busy' how should the fraud examiner react?

A. Caution the witness that avoidance of the Interview will be considered suspicious

B. Explain that the respondent will be subject to discipline if they do not participate

C. Stress that the interview will be short

D. Inquire about a owe convenient time

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 add credibility to the fraud examiner`s work

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

D. To corroborate previously known facts

Baker, a Certified Fraud Examiner (CFE), is assigned to the internal audit department of the ABC Company. He is getting ready to conduct an interview with another company employee who might be Involved In a fraud. In general what we should Baker use in the introduction to the employee?

A. Investigator

B. Auditor

C. Baker should omit a title altogether

D. Certified Fraud Examiner

Which of the following is the LEAST accurate statement about seeing a computer for examination?

A. When taking a computer for examination it the computer is off should remain off when It is removed.

B. When seizing a computer that is running, it is acceptable to review the files contained on the machine prior to seizing it.

C. When seizing a computer for examination the seizing party should look around the area for passwords because many people leave passwords near their computers.

D. Before removing a computer system from a scene for further analysis. It is important to document, the system's setup with photographs or diagrams

When a Certified Fraud Examiner (CFE) conducts a fraud examination the fraud examiner must proceed as though:

A. The matter will be resolved completely internally

B. The suspect is gully

C. The case will end in ligation

D. The case will end after the suspect IB terminated

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 should explain that she will try her best to keep the whisneblower's identity confidential

B. Lisa should state that she will not be able to keep the whistleblower s identity confidential because all information must be disclosed to management

C. Lisa may offer the whistleblower full confidentially because they are not a suspect.

D. Lisa may promise the whistieblower full confidentiality even if she knows net statement is untrue, because the lie is ultimately beneficial to her employer.

An interviewer should primarily ask dosed questions during the information phase of an interview

A. True

B. False

Which of the following is an example of a leading question?

A. A "Was anyone from your learn absent from the meeting that wee?''

B. ''When did you realize that the records had been manipulated?"

C. "How well do you know your coworker Stacy, and have you ever socialized outside of wont?"

D. "Weren't you ware of the missing inventory several weeks before notifying your boss?"

Max The controller of XYZ Company, noticed that the company's hotel expenses increased substantially from the prior year. He wants to check to see if this is reasonable by comparing hotel expenses from both years to the number to that XYZ's employees traveled. Which of the following date analysis function would be the most useful In helping Max analyze these two variables?

A. Benford's Law analysts

B. Verifying mutinies of a number

C. Duplicate testing

D. Correlation analysis