CFE-INVESTIGATION Online Practice Questions and Answers

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. Remind the subject of the laws against perjury

B. Interrupt the denial by using a delaying tactic

C. Argue the point directly with the subject until a confession is obtained

D. Allow the subject to continue denying the charge

Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?

A. Financial institution records

B. Service bills

C. Credit card statements

D. Paystubs

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 company's income tax filings

B. The organizational fling with the government of the jurisdiction in which the company is incorporated

C. The contractual records of any real properly owned by the corporation

D. The comprehensive litigation fie in the local court in the jurisdiction in which the company is headquartered

Naveed, a fraud suspect has decided to confess to Omar a Certified Fraud Examiner (CFE) In obtaining a verbal confession from Naveed. Omar should obtain all of the following Horns of information EXCEPT:

A. A general estimate of the amount of money invoked

B. A statement from Naveed that his conduct was an accident

C. The approximate number of instances

D. The location of any residual assets

A. Fraud examination

B. Fraud assessment

C. Fraud theory

D. Forensic methodology

Arnold a Certified Fraud Examiner (CFF) 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:

A. Conduct discreet inquiries into Elizabeth's responsibilities as an accounts payable clerk.

B. Accuse Elizabeth directly of having committed fraud

C. Notify management of that Elizabeth has committed fraudulent acts.

D. Search Elizabeth's mobile phone for evidence of misconduct

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 TRUE about observing the reactions of interview subjects?

A. Emotive words should be used early in the interview to observe the respondent s emotional reaction.

B. The interpretation of an interview subjects reactions requires specific skills on the part of the interviewer

C. The observation of body language is much less important than observing the words used by the subject

D. To effectively observe reactions an Interviewer should alternate between sensitive and nonsensitive questions early in the Interview

Which of the following is TRUE of a follow-up/recommendations section in a written fraud examination report?

A. A follow-up/recommendations section calculates the amount of fraud-related loss sustained by the organization

B. A follow-up/recommendations section is a required part of every written fraud examination report

C. A follow-up/recommendations section should stale remedial measures for me organization !o undertake

D. All of the above