[Jun 11, 2023] Ultimate CFE-Investigation Guide to Prepare Free Latest ACFE Practice Tests Dumps
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The ACFE CFE-Investigation exam is recognized globally as a leading certification for professionals involved in fraud investigation. The certification is widely accepted by employers and is recognized as a benchmark for excellence in the field of fraud investigation. The certification is also recognized by government agencies, law enforcement agencies, and other organizations involved in combating financial crimes.
The CFE-Investigation certification is highly respected in the field of fraud investigation and is recognized by many organizations worldwide. The certification provides professionals with the knowledge and skills necessary to effectively investigate fraud, detect fraud schemes, and prevent fraud from occurring.
NEW QUESTION # 49
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. Allow the subject to continue denying the charge
- D. Argue the point directly with the subject until a confession is obtained
Answer: A
NEW QUESTION # 50
Eugene is conducting an admission-seeking interview of a suspect. During the interview the suspect frequently looks away from Eugene while responding to questions. Eugene can safely conclude that the suspect Is dishonest due to his failure to maintain eye contact.
- A. False
- B. True
Answer: A
NEW QUESTION # 51
Which of the following statements concerning access to nonpublic records it MOST ACCURATE?
- A. Thai government usually will not share nonpublic records with a fraud victim during an Investigation Into the underlying fraud.
- B. Nonpublic records cannot be obtained by subpoena or legal order in a civil action
- C. Once a criminal case is filed all records obtained by the government are considered public records
- D. In most jurisdictions, banks are allowed to turn over a suspects account information directly to a fraud victim when there is adequate evidence of wrongdoing.
Answer: D
NEW QUESTION # 52
Which of the following is a reason why a subject's credit card records are useful in tracing investigations?
- A. Credit card statements show source of the funds used to pay a credit card bill
- B. Credit card records show the movements and habits of the subject
- C. Credit card records provide insight into the subject's litigation history
- D. Credit card records contain information about the division and distribution of the subject's assets
Answer: D
NEW QUESTION # 53
A law enforcement officer receives a reliable tip from an informant that a government employee is soliciting bribes in exchange for awarding contracts to the employee's agency. To investigate, the officer poses as a potential contractor and contacts the suspect employee about the possibility of getting a contract with the agency. During the conversation, the suspect demands a cash payment for the officer to be considered for upcoming contracts. If the suspect claims entrapment at trial, then which of the following is MOST LIKELY to occur?
- A. The suspect's claim will succeed because the investigator used deceit
- B. The suspect's claim will succeed because the investigator lacked probable cause
- C. The suspect's claim will fail because the investigator had adequate predication
- D. The suspect's claim will fail because the investigator is a law enforcement agent
Answer: C
NEW QUESTION # 54
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 # 55
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.
- A. False
- B. True
Answer: B
NEW QUESTION # 56
Which of the following types of data is BEST suited for a BenfordTs Law analysis?
- A. Telephone numbers
- B. A listing of payment amounts
- C. Vendor addresses
- D. Employee identification numbers
Answer: B
NEW QUESTION # 57
Which of the following is NOT a best practice for obtaining a signed statement?
- A. Add subsequent facts to the statement as an addendum
- B. Have two individuals witness the signing of the document when possible.
- C. Have the suspect write out the entire statement in their own handwriting
- D. Prepare separate statements for unrelated offenses.
Answer: C
NEW QUESTION # 58
Which of the following statements about fraud response plans is FALSE?
- A. A fraud response plan must be simple to understand and administer
- B. A fraud response plan should create an environment to minimize risk and maximize the potential for success
- C. A fraud response plan should specify how every fraud examination should be conducted regardless of the type of fraud
- D. A fraud response plan outlines the actions an organization will take when suspicions of fraud have arisen.
Answer: D
NEW QUESTION # 59
Which of the following is the MOST ACCURATE statement about the privacy of information shared through social media?
- A. To access any user-posted information on social media sites, fraud examiners must obtain some type of legal order from the jurisdiction in which the user resides.
- B. The Privacy of Social Networks Treaty is a binding international treaty that makes it illegal for law enforcement to seek social media log-in credentials from users.
- C. Hacking or breaking into information on social media sites that is restricted as private could result in liability for fraud examiners due to violation of users' privacy rights.
- D. A fraud examiner cannot be held liable for violating a user's privacy rights if they hack or break into areas of a social networking site designated as private because all social media information is public.
Answer: C
NEW QUESTION # 60
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?
- A. A fraud examiner does not need to research cultural considerations such as personal space and eye contact.
- B. Failing to observe cultural norms is not a concern if the interviewer is from a different country than the interviewee
- C. A fraud examiner should find out whether there are limitations on the use of information obtained during an interview
- D. Consulting with legal counsel is only necessary when an investigation spans multiple junsdictions
Answer: C
NEW QUESTION # 61
Which of the following terms refers to a process of resolving allegations of fraud from inception to disposition?
- A. Fraud examination
- B. Forensic methodology
- C. Fraud assessment
- D. Fraud theory
Answer: A
NEW QUESTION # 62
A fraud examiner contacts a witness regarding an interview. If the respondent says. 'I'm too busy." how should the fraud examiner react?
- A. Stress that the interview will be short.
- B. Caution the witness that avoidance of the interview will be considered suspicious.
- C. Inquire about a more convenient time
- D. Explain that the respondent will be subject to discipline if they do not participate
Answer: A
NEW QUESTION # 63
Which of the following is TRUE about observing the reactions of interview subjects?
- A. The observation of body language is much less important than observing the words used by the subject
- B. Emotive words should be used early in the interview to observe the respondent s emotional reaction.
- C. The interpretation of an interview subjects reactions requires specific skills on the part of the interviewer
- D. To effectively observe reactions an Interviewer should alternate between sensitive and nonsensitive questions early in the Interview
Answer: B
NEW QUESTION # 64
A fraud examiner is based in Mexico, a non-European Union (EU) country, and is collecting personal information from their company's human resources (HR) files about an employee based in Germany, 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.
- A. False
- B. True
Answer: B
NEW QUESTION # 65
If your suspect is investing alleged illicit funds in items that will increase their net worth and you need to prove their illicit income circumstantially. which of the following methods of tracing assets would yield the best result?
- A. The income method
- B. The asset method
- C. The expenditures method
- D. The application of funds method
Answer: C
NEW QUESTION # 66
Which of the following statements about how fraud examiners should approach fraud examinations is FALSE?
- A. When conducting fraud examinations, fraud examiners should start with specific details and move toward more general information.
- B. In most examinations, fraud examiners should start interviewing the least involved candidates and proceed toward those who are potentially more involved.
- C. When conducting fraud examinations, fraud examiners should adhere to the fraud theory approach.
- D. When conducting fraud examinations, fraud examiners should begin with general information that is known and then move to the more specific details.
Answer: A
NEW QUESTION # 67
Which of the following is the MOST IMPORTANT question for a fraud examiner to ask before commencing a legal action to recover assets?
- A. "Is the suspect guilty of the fraudulent act?''
- B. "Does the suspect already have a criminal record?"
- C. "Are nonlegal recovery methods or remedies available?''
- D. "Is there a relevant statute of limitations9"
Answer: D
NEW QUESTION # 68
Which of the following usually is considered the most useful source of financial information available to fraud examiners in tracing a subjects assets?
- A. Service bills
- B. Credit card statements
- C. Paystubs
- D. Financial institution records
Answer: A
NEW QUESTION # 69
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 letting the truth
- B. Is feeing bored by the interview process
- C. Is being deceptive
- D. Does not know the answers to Tahlia's questions
Answer: C
NEW QUESTION # 70
Which of the following is a measure that can help avoid alerting suspected perpetrators who are under investigation?
- A. Terminate the suspected employee.
- B. Inform only those who need to know.
- C. Notify everyone in the affected department
- D. Delay taking any action.
Answer: B
NEW QUESTION # 71
Barnes a Certified Fraud Examiner (CFE) is using data analysis to identity anomalies that might indicate fraud In XYZ Company's accounts payable transactions. Which of the following is the most effective data analysis function that Barnes could use to look for potential fraud in accounts payable?
- A. Al of the above
- B. Identify paycheck amounts over a certain limit
- C. Compare book and tax deprecation and indicate variances
- D. Review recurring monthly expenses and compare to posted/paid invoices
Answer: A
NEW QUESTION # 72
If the following statements were Included in a fraud examination report of a qualified expert, which of them would be IMPROPER?
- A. ''When asked s second lima about the amount of funds missing the suspect contradicted their previous testimony"
- B. the organization must address the inadequate segregation of accounting duties to prevent such an event from happening again.''
- C. The evidence shows that between S1 million and $1.5 million in assets were transferred to an offshore account".
- D. "In light of all the evidence the suspect is most Italy guilty of fraud against the organization
Answer: D
NEW QUESTION # 73
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. Duplicate testing
- B. Correlation analysis
- C. Verifying mutinies of a number
- D. Benford's Law analysts
Answer: B
NEW QUESTION # 74
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Topics of ACFE CFE-Investigation: Certified Fraud Examiner - Investigation Exam
Our ACFE CFE Investigation exam dumps will include the following topics:
- Cash-Receipts Schemes
- Contract and Procurement Fraud
- Locating Illicit Transactions
- Consumer Fraud
- Sources of Information
- Finance Organizational Fraud
- Commercial Document Fraud
- Insurance Fraud
- Investigating Documents
- Data Reporting Tools and Analysis
- Accounting Theories
- Inventory and Other Properties
- Conducting and Planning a Fraud Examination
- Digital Forensics
- Identity Theft
- Data and Scholarly Property Larceny
- Fraudulent Program Prevention Schemes
- Medical Management Fraud
- Management Related Fraud
- Bribery and Corruption
- Reimbursement and Disbursement Fraud
- Covert Examinations
- Report Writing
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