CFE-INVESTIGATION Online Practice Questions and Answers

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. Override

C. Deserve

D. Quota

Caroline a fraud examiner is conducting an admission-seeking interview with John an employee suspected of stealing cash. Which of the following is the MOST effective phrasing for Caroline to use when posing an admission-seeking question to John?

A. ''Why did you take the money?"

B. "Did you steal the money?''

C. Do you know who look the money?"

D. "What do you know about the stolen money'"

Which of the following is NOT true with regard to tracing the deposition of loan proceeds?

A. Tracing loan proceeds can Identify the presence of internal control weaknesses

B. Tracing loan proceeds can determine if the proceeds were deposited into hidden accounts

C. Tracing loan proceeds can determine if hidden accounts were used for loan payments

D. Tracing loan proceeds can uncover previously hidden assets

Which of the following data analysis functions is used to determine whether company policies are met by employee transactions such as verifying that traveling employees book their accommodations at approved hotels?

A. The Join function

B. The correlation analysis function

C. The compliance verification function

D. The gap testing function

If an important witness becomes hostile and argumentative during an Interview, the interviewer generally should:

A. Agree with the witness's points whenever possible.

B. Terminate the interview

C. Refute the witness's arguments

D. Try to reason with the witness

Tyson a fraud examiner a planning an interview with Brianna, the girlfriend of the central suspect in Tyson s investigation. Previous interviews with others have revealed that Brianna lends to be very protective of her boyfriend. How should Tyson approach the Interview with Brianna?

A. Ask Brianna when she would prefer to be interviewed in an effort to provoke cooperation.

B. Conduct the interview with as little notice as possible so Brianna will be unprepared

C. Provide Brianne with advance notice prior to the interview to inhibit resentment

D. Avoid interviewing Brianna if possible due to Brianna's potential volatility

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

Which of the following are the classifications for the Corruption?

A. Bribery, economic extortion, illegal gratuities and conflicts of interest

B. Corruption, bribery, economic extortion, conflicts of interest

C. Overbilling, bribery, bid-ridding and illegal gratuities

D. economic extortion, bribery, illegal gratuities and corruption

Which at the following situations would most likely requite access to nonpublic records to develop evidence?

A. Determining who owns a piece of real estate

B. Reviewing an individual's personal mobile phone records

C. Obtaining a company's business filings

D. Finding out where a person lives

A fraud examiner suspects that an employee who is tasked with meeting new customers over business dinners to discuss their accounts is using those meetings to proposition the customers and steal business from the employee's company. If the fraud examiner wanted to pose as a new customer and meet with the employee, which of the following would beet describe the fraud examiner's method?

A. An undercover operation

B. An entrapment operation

C. A surveillance operation

D. A source operation